VestChain (VEST) May 13, 2019 Week In Review: Price Up 5.93%


Price Action

Over the past week, VestChain saw its price go up by 5.93%. It is above its 20 day moving average by 8.12%, so it’s somewhat away. VestChain’s bullish momentum, determined by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. In terms of volatility, VestChain exhibits greater price volatility than approximately 62% of coins in our index, so traders can expect a bit more volatility than usual. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for VestChain in US dollars is expected to be between $0.00843772 and $0.01139138.

Where to trade Vestchain (symbol: VEST): Stex

Volume Update

Over the past week, VestChain saw its daily volume range between 6,402,859 and 21,967,537 units of its own currency. 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 0.21%. Its turnover rate is more than approximately 13.27% 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 30,092 to 30,093 over the past week — a change of 0.00%. As for overall transactions, they increased from 43,784 to 43,787 — an increase of 0.01%. This translates to a combined engagement growth rate of 0.01% for VestChain — which is higher than 2.78% of the cryptocurrencies we’re reporting on. This could indicate that the coin’s usage is not growing much at all.

Technology Development Status

VestChain currently has 2 public repos on GitHub, with the oldest one clocking in at 328 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 repos now have 3 which is very bad on a relative basis; it bests only 2 % 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 97% 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

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