Price Action
Over the past week, VestChain saw its price go up by 14.18%. It is above its 20 day moving average by 23.43%, so it’s very far away. VestChain’s bullish momentum, determined by its distance from its 20 day moving average, is well above average relative to its peers, and thus may be a sign the market for the coin is overheating and due to correct downwards. Regarding volatility, VestChain is more volatile than roughly 81% of coins in our index, so bear that in mind if you decide to trade it. If volatility over the past three weeks is any indication of what’s to come, we can expect VestChain to bounce between 0.009260693 and $0.01527231 US dollars per coin.
Where to trade Vestchain (symbol: VEST): Stex
Volume Update
In the week prior, the daily volume for VestChain has ranged between 4,992,062 and 25,940,825 currency units. In the three weeks prior, the trend in volume is not clear, though price is marching upwards. The past 7 days saw VestChain’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.24%. Its turnover rate is more than approximately 16% of the cryptocurrencies in our index, so it’s well below average; this coin may be hard to get into and out of, and thus is suitable only for those interested in holding and exiting slowly and patiently.
Engagement Update
VestChain saw the number of wallets holding its coin go from 30,093 to 30,095 over the past week — a change of 0.01%. And in regards to cumulative transactions logged on the blockchain, they went from 43,793 to 43,795, which amounts to a change of 0.00%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of VestChain is thus at 0.01% which, relatively speaking, is ahead of 6.06% of the cryptocurrencies we’re tracking. This growth rate suggests the coin’s usage is not growing much at all.
Technology Development Status
At the moment, VestChain has 2 repositories open to the public on GitHub, with the oldest one now being 1.01 years young. Its last public update to any of its repositories was more than a week ago which is potentially concerning; more than a week without an update may suggest development is too slow. VestChain’s public repositories collectively have a total of 3 watchers, which is very bad on a relative basis; it bests only 11 % of the 100 similar coins in our index. The coin has 0 total outstanding issues across all 2 of its public repositories on GitHub. Relative to the number of watchers it has, though, its open issues count doesn’t seem like something to worry about. To put the situation in context, VestChain has a better issue/watcher ratio on its GitHub than 92% of similar coins we’re tracking.
Where to Buy
You can trade Vestchain, listed under the symbol VEST, through the following exchanges: Stex.
Article by SixJupiter
