Should You Buy Venus BUSD (vBUSD) Sunday?

Sunday, April 30, 2023 12:50 PM | InvestorsObserver Analysts

Venus BUSD receives a strong short-term technical score of 92 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. vBUSD holds a better recent technical analysis than 92% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Venus BUSD a 92 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Venus BUSD!

Trading Analysis

Venus BUSD is $0.000101 (0.46%) higher than its 30-day low price of $0.021959560 while also -$0.000015 (-0.07%) lower than its high of $0.02207482 from the past month of trading. Meanwhile, vBUSD's current price of $0.022060133 is above its average price of $0.022020638 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Venus BUSD suggest that traders are currently bullish on the token.
Venus BUSD's market cap of $59,446,994.17 is relatively average for a token. The market valuation for Venus BUSD is relatively average due to the largest 100 cryptos having a market cap above $1 billion and vBUSD sits underneath that mark but remains above $100 million in market capilization. Meanwhile, vBUSD's average volume is average with $47,760,261.05 worth of the token traded over an average 24 hour period. The volume for vBUSD 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 last 24 hours, vBUSD's volume is below its usual with $6,887,961.23 exchanged. Venus BUSD'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).


vBUSD'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 token in the short-term. Click Here to get the full Report on Venus BUSD (vBUSD).

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