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Should You Buy Venus DAI (vDAI) Tuesday?

Tuesday, February 27, 2024 09:55 AM | InvestorsObserver Analysts
Should You Buy Venus DAI (vDAI) Tuesday?

Venus DAI receives a strong short-term technical score of 72 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. vDAI holds a better recent technical analysis than 72% 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.

Short-Term Technical - 72
InvestorsObserver is giving Venus DAI a 72 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Venus DAI!

Trading Analysis

Venus DAI is $0.000138 (0.61%) above its 30-day low of $0.022713976 while -$0.000006 (-0.03%) below its 30-day high of $0.02285863. In addition, vDAI's current price of $0.022852440 is above its 30-day moving average price of $0.022781901, leading to a strong short-term technical score. Overall the recent trading history of Venus DAI suggest that investors are bullish on the token at the moment.
Venus DAI's market cap of $6,273,854.59 is relatively average for a token. The market valuation for Venus DAI is relatively average due to the largest 100 cryptos having a market cap above $1 billion and vDAI sits underneath that mark but remains above $100 million in market capilization. Meanwhile, vDAI's average volume is average with $27,909,877.18 worth of the token traded over an average 24 hour period. The volume for vDAI 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, vDAI's volume is below its usual with $3,942,010.36 exchanged. Venus DAI'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

vDAI'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 DAI (vDAI).

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