- The price of the Vertcoin has significantly dropped and is down by 62% over the past year.
- The VERT crypto is not trading with any fiat currencies.
Vertcoin (VTC), dubbed ‘The People’s Coin,’ is an ASIC-resistant P2P cryptocurrency forked from Litecoin, prioritizing decentralized mining. It offers a 1-click miner to enhance accessibility and released a wallet supporting Stealth Address transactions in 2014. Vertcoin aims to enable anyone with a personal computer to participate in its network.
The sentiment of Vertcoin is neutral, as per Coincodex, followed by extreme greed, which indicates fear and greed. The crypto was released on January 8, 2014, and its volatility is very high, resulting in 5.8%.
The current circulating supply of the crypto is 68.95M VERT, followed by a medium supply inflation of 3.97%. The max supply of the crypto is 84.0M VERT. Also, the fully diluted market cap of the crypto is $4.54M.
The market cap of Vertcoin has advanced by 3.1%, while the trading volume has witnessed a decline of 30% in the last 24 hours. The current market cap value of the crypto is $3.73M, and the value for the traded volume of the crypto is $24.58K.
The crypto’s volume/market cap ratio is 0.67%, and the all-time high price hit by the crypto is $10.53, from where the price has declined by 99%.
Price Volatility Vs Weighted Sentiment for Vertcoin
The price volatility of the crypto has suddenly declined in the last few days, indicating a decline in its trading activity. The weighted sentiment of the crypto has also been consistently declining over time.
VERT Crypto Technical Analysis
The VERT crypto trading price has been consistently declining to lower levels, followed by the formation of the lower low swings, which further led to the formation of the falling wedge pattern.
The cryptocurrency’s price shows no signs of reversal and is trading flat at the lower levels. A crucial change of character level is situated at $0.2396; if the crypto price breaks above this level, further advance in the price might be witnessed.
VTC/USD Chart by TradingView.com
The EMAs indicate uncertainty on the charts as the price revolves between the 20-day and 50-day EMAs. The 200-day EMA has overlapped the 20-day and the 50-day EMA.
The MACD and the signal line are trading in a bearish crossover while the line trades above the zero level, indicating a probability.
The RSI for the crypto is also declining from the overbought zone and has slipped below the 50 level. It further has also declined below the 14-day SMA.
Summary
The Vertcoin (VTC) crypto has seen a significant decline in price, down 62% over the past year. Trading volume has decreased, with no fiat pairings available. While the sentiment remains neutral, fear and greed indicators show extreme greed. Technical analysis suggests a continued downward trend with no signs of reversal.
Technical Levels:
- Support levels: $0.0297 and $0.041990
- Resistance levels: $0.17870 and $0.41380
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.