VestChain (VEST) May 6, 2019 Weekly Summary: Price Up 6.66%

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Price Action

Over the past week, VestChain saw its price go up by 6.66%. It is above its 20 day moving average by 3.13%, so it’s fairly close. VestChain’s bullish momentum, based on its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Now when considering volatility, VestChain is more prone to sizable price moves than 9% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. If volatility over the past three weeks is any indication of what’s to come, we can expect VestChain to bounce between 0.008733172 and $0.01011833 US dollars per coin.

Where to trade Vestchain (symbol: VEST): Stex

Volume Update

Over the past week, VestChain saw its daily volume range between 7,430,493 and 25,268,030 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 0.27%. Its trading turnover percentage is higher than about 16.67% 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

The number of wallets holding VestChain went from 30,091 to 30,092 in the past week, marking a change of 0.00%. And in regards to cumulative transactions logged on the blockchain, they went from 43,770 to 43,784, which amounts to a change of 0.03%. This translates to a combined engagement growth rate of 0.03% for VestChain — which is higher than 3.12% of the cryptocurrencies we’re reporting on. One interpretation of this may be 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 321 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 public repositories collectively have a total of 3 watchers, which is very bad on a relative basis; 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

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