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Is Venus USDC (vUSDC) Heading the Right Direction Friday?

Friday, December 08, 2023 07:28 PM | InvestorsObserver Analysts
Is Venus USDC (vUSDC) Heading the Right Direction Friday?

InvestorsObserver gives Venus USDC an average short-term technical score of 46 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. vUSDC has currently traded better than 46% 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.

Short-Term Technical - 46
InvestorsObserver is giving Venus USDC a 46 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Venus USDC!

Trading Analysis

Venus USDC is $0.000611 (2.76%) above its 30-day low of $0.022153089 while -$0.000011 (-0.05%) below its 30-day high of $0.02277425. In addition, vUSDC's current price of $0.022763732 is above its 30-day moving average price of $0.022692602, leading to an average short-term technical score. Overall the recent trading history of Venus USDC suggest that investors are neutral on the token at the moment.
Venus USDC's market cap of $108,606,109.41 is relatively average for a token. The market valuation for Venus USDC is relatively average due to the largest 100 cryptos having a market cap above $1 billion and vUSDC sits underneath that mark but remains above $100 million in market capilization. Meanwhile, vUSDC's average volume is average with $662,158,458.89 worth of the token traded over an average 24 hour period. The volume for vUSDC 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, vUSDC's volume is below its usual with $89,651,753.46 exchanged. Venus USDC'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

Venus USDC's price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the token's short-term movement. Click Here to get the full Report on Venus USDC (vUSDC).

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