Should You Buy Venus USDT (vUSDT) Saturday?

Saturday, May 20, 2023 05:02 PM | InvestorsObserver Analysts

InvestorsObserver gives Venus USDT a strong short-term technical score of 71 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 71% 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.

InvestorsObserver is giving Venus USDT a 71 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Venus USDT!

Trading Analysis

Venus USDT is $0.000130 (0.59%) above its 30-day low of $0.022156565 while -$0.000047 (-0.21%) below its 30-day high of $0.02233361. In addition, vUSDT's current price of $0.022286678 is above its 30-day moving average price of $0.022255435, leading to a strong short-term technical score. Overall the recent trading history of Venus USDT suggest that investors are bullish on the token at the moment.
vUSDT has a average market cap compared to the majority of tokens with a total market value of $33,121,416.88. 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 $122,990,052.55 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 $17,146,621.61 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).


vUSDT'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 USDT (vUSDT).

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