Price Action
Since last week, VestChain’s price went down by -0.64%. It is above its 20 day moving average by 7.73%, so it’s somewhat away. VestChain’s bullish momentum, if assessed by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Regarding volatility, VestChain is more volatile than roughly 39% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Based on volatility over the past three weeks, we can expect VestChain to experience a price range in US dollars between 0.01015684 and $0.01301216.
Where to trade Vestchain (symbol: VEST): Stex
Volume Update
In the week prior, the daily volume for VestChain has ranged between 0 and 29,631,185 currency units. In the three weeks prior, the trend in volume is not clear, though price is marching upwards. Over the past week, VestChain saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 0.2%. Its turnover rate is more than approximately 11.58% 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 30,094 to 30,093 over the past week — a change of 0.00%. As for overall transactions, they increased from 43,788 to 43,791 — an increase of 0.01%. 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 2.78% of the cryptocurrencies we’re tracking. This growth rate suggests the coin’s usage is not growing much at all.
Technology Development Status
VestChain currently has 2 public repositories on GitHub, with the oldest one now 349 days young. Its most recent public update 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 12 % of the 100 similar coins in our index. The coin has 0 outstanding issues in the backlog awaiting to be addressed by the core development team. In comparison 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
