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Price Action

Since last week, VestChain’s price went down by -7.9%. It is above its 20 day moving average by 1.49%, which is quite close. VestChain’s bullish momentum, based on 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 43% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. 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 $0.008266473 and $0.01077143.

Where to trade VestChain (symbol: VEST): Gate, Yobit, Stex, Binance, DDEX, ETHfinex

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 4,709,948 and 29,548,980. In the three weeks prior, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. VestChain experienced a turnover rate of about 0.24% over the past week, which means that is the percent of its available money supply that is traded daily. Its trading turnover percentage is higher than about 18.68% 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.

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Engagement Update

The number of wallets holding VestChain went from 30,096 to 30,097 in the past week, marking a change of 0.00%. And in regards to cumulative transactions logged on the blockchain, they went from 43,833 to 43,836, which amounts to a change of 0.01%. This translates to a combined engagement growth rate of 0.01% for VestChain — which is higher than 33.83% of the cryptocurrencies we’re reporting on. This growth rate suggests its change in engagement is below average, at least on a percentage basis.

Technology Development Status

At the moment, VestChain has 2 repositories open to the public on GitHub, with the oldest one now being 1.15 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 17 % of the 100 similar coins in our index. The coin has 0 total outstanding issues across all 2 of its public repositories on GitHub. 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 82% of similar coins we’re tracking.

Article by SixJupiter

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