NewsPrice Analysis

Vestchain (Vest) Sets New Record Entering Top 50’s With 365.48% Spike

While Bitcoin is growing, its younger sibling, many altcoins are also making advances. One coin that stood out among the rest is the Vestchain (VEST). The token received a major push and successfully entered the top 50’s and is currently holding 40th position.

Basically, VestChain is a decentralized project that created their own blockchain to improve the transaction speed and decrease the cost of the transactions.  Also, through VestChain blockchain developers, traders, investors can launch their ideas/projects onto the market. The project is similar to Ethereum but increased the number of transactions per second to 15 thousand and reduced the cost of each transaction.

VEST/USD

VestChain (VEST) is a cryptocurrency token and operates on the Ethereum platform. It has a current supply of 8,848,000,000 VEST with 7,078,400,000 VEST in circulation. The last known price of VestChain is$0.028794 USD and is up 359.23% over the last 24 hours. It is currently trading on 3 active markets with$40,416 USD traded over the last 24 hours.

For a month, VestChain (VEST) tokens went up 367.76% from $0.001437 for coin. For 100 days VEST is up 23.72% from $0.005433. It has 8.85B coins mined with the market cap $59.47M. It has 8.85 billion coins in circulation.

VEST/BTC

Today, Initially, the coin was trading against 0.00000164BTC, VEST experienced a drastic rise and reached 0.00000504BTC. But, within 3 hours the trading value decreased relatively reaching 0.00000204BTC. Nonetheless, VEST gained the momentum back and is currently trading at 0.00000546 BTC with 347.88% rise.

VEST/ETH

We can see that, the 24 hour volume charts of vestcoin against BTC and ETH is quite similar. Initially the token was trading at 0.00004757ETH, after the sudden increase the price reached 0.00014559ETH. After couple of hours the price sloped down to 0.00005901ETH. The token got right back to track with 323.67% growth reaching 0.00015786 ETH.

However, there is no particular reason behind the sudden rise. We may assume that While few crypto experts and enthusiasts believe that it’s just following Bitcoin and other leading currencies.

While Bitcoin is growing, its younger sibling, many altcoins are also making advances. One coin that stood out among the rest is the Vestchain (VEST). The token received a major push and successfully entered the top 50’s and is currently holding 40th position.

However, their is no particular reason behind the sudden rise. We may assume that While few crypto experts and enthusiasts believe that it’s just following Bitcoin and other leading currencies.

Tags
Show More

Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

4 × 5 =

Back to top button
Close
whatsapp