Price Action
Over the past week, VestChain saw its price go up by 2.45%. It is above its 20 day moving average by 6.7%, so it’s slightly 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 12% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Based on volatility over the past three weeks, we can expect VestChain to experience a price range in US dollars between 0.009343224 and $0.01180088.
Where to trade Vestchain (symbol: VEST): Stex
Volume Update
In the span of the preceding 7 days, VestChain’s daily volume, in terms of its own unit of currency, has fluctuated between 2,970,626 and 28,456,352. Looking back over past 21 days, 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 0.24%. Its trading turnover percentage is higher than about 12.37% of the coins we’re tracking, 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
Over the past week, VestChain saw its holders go from 30,093 to 30,094, an increase of 0.00%. As for overall transactions, they increased from 43,787 to 43,788 — an increase of 0.00%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of VestChain is thus at 0.00% which, relatively speaking, is ahead of 2.86% of the cryptocurrencies we’re tracking. This could indicate that 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 335 days young. The last recorded update to its public 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 repos that are visible to the public collectively have 3 watchers — it bests only 2 % of the 100 similar coins in our index. The coin has 0 issues reported across its public repositories. 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 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
