Friday August 12th 2022 – Supplychain blockchain: VET Coin, trades better than 94% of coins.

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VEchain and the VET coin has traded better than 94% of coins based on average trading volume in a 24-hour period.Based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

Short-Term Technical - 94

Trading Analysis

VeChain is $0.012141 (58.17%) above its 30-day low of $0.020870488 while -$0.000631 (-1.88%) below its 30-day high of $0.03364282. In addition, VET’s current price of $0.033011724 is above its 30-day moving average price of $0.026715394, leading to a strong short-term technical score. Overall the recent trading history of VeChain suggest that investors are bullish on the coin at the moment.

VET has a high market cap compared to the majority of coins with a total market value of $2,393,717,919.35. VeChain’s market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and VET meets that criteria. VeChain’s average volume is high as $750,655,891.60 worth of the coin is typically traded over a 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. Over the past 24 hours VET’s volume is below its average with $133,851,273.75 exchanged.

Summary

VET’s recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the coin in the short-term.

Click Here to get the full Report on VeChain (VET).

Original article found here

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