InvestorsObserver gives Venus USDT an average short-term technical score of 60 from its analysis. The proprietary scoring system considers the token’s trading history over the past month to determine the strength of its short-term technicals. vUSDT has currently traded better than 60% of tokens 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.
Trading Analysis
Venus USDT is $0.000048 (0.22%) above its 30-day low of $0.021884454 while -$0.000001 (-0.01%) below its 30-day high of $0.02193379. In addition, vUSDT’s current price of $0.021932365 is above its 30-day moving average price of $0.021906315, leading to an average short-term technical score. Overall the recent trading history of Venus USDT suggest that investors are neutral on the token at the moment.
vUSDT has a average market cap compared to the majority of tokens with a total market value of $32,594,853.43. The market valuation for Venus USDT is relatively average due to the largest 100 cryptos having a market cap above $1 billion and vUSDT sits underneath that mark but remains above $100 million in market capilization. Venus USDT’s average volume is average as $81,766,210.67 worth of the token is typically traded over a 24 hour period. The volume for vUSDT is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours vUSDT’s volume is below its average with $11,294,584.57 exchanged.
Venus USDT’s subclass Stablecoins: Stablecoins are cryptocurrencies whose value is designed to track the performance of fiat money (such as the U.S. Dollar or Euro).
Summary
The article takes a deep dive into Venus USDT (vUSDT) recent performance by analyzing its trading patterns and technical score. The proprietary scoring system of InvestorsObserver gave vUSDT an average short-term technical score of 60, making it traded better than 60% of the tokens in the market. Through trading analysis, this article showed that vUSDT’s current price of $0.021932365 is above its 30-day moving average price of $0.021906315. Based on the recent trading history of Venus USDT, the article suggests that investors are neutral on the token at the moment due to its average market cap, volume, and value designed to track the performance of fiat money.
