- VCORE price is down by 83% from its all-time high price.
- IMVU crypto is not trading with any fiat currencies.
VCORE is an ERC-20 metaverse token launching into the established IMVU ecosystem, serving over 700,000 daily users and millions monthly. It integrates into IMVU’s creator-led economy, providing users outside the US and Canada with a voice in the metaverse’s future. VCORE supports the transition to a web3 economy and open metaverse.
The market cap of the IMVU crypto is worth $722.208M and has been trading flat over the last 24 hours. Also, the market cap ranking of the crypto is #4188 as per CoinMarketCap.
The trading volume for the crypto has further advanced by 6.8% in the last 24 hours. This further results in a traded value of $58.854M and a volume/market cap ratio of 7.67%.
The circulating supply of the crypto is not disclosed while the self-reporting circulating supply of the crypto is 26.37M VCORE. Also, the total supply of the crypto is 8B VCORE while the maximum supply of the crypto is not disclosed.
The fully diluted market cap of the crypto is $24.68M and the all-time high price ever achieved by the crypto is $0.01576 and was achieved on March 11, 2024. Moreover, the all-time low price of $0.001794 for the IMVU crypto was achieved on February 10, 2024. The price of the crypto from its all-time low price has advanced by 77%.
As per Coincodex, IMVU crypto has a bullish sentiment based upon the technical analysis indicators. Despite this, the volatility of the crypto is extremely high resulting in 41.58%. The fear and greed index indicates extreme greed for the IMVU crypto.
VCORE Crypto Technical Analysis
The price of the VCORE crypto witnessed a huge surge of more than 500% on 10th March 2024 and then from the top, the price of the crypto vanished all its gains by declining by 80% from the top.
The following behavior of the price indicates that the momentum in the price of the crypto was not sustainable and the price might continue to decline to lower levels.
VCORE/USDT Chart by TradingView.com
The technical indicators on the daily chart of the IMVU crypto indicate volatility and uncertainty on the charts.
The price of the crypto has declined below the 50 and the 200-day EMA. Furthermore, the following EMAs overlap each other indicating volatility in the momentum of the crypto price.
The MACD indicator also shows weakness in the momentum of the price as the MACD and the signal line have declined below the zero level and are trading in a bearish cross. This is further followed by the bearish histograms on the chart.
The RSI for the crypto is further trading in a small range and is revolving around the 50-level of the RSI. The 14-day SMA on the chart is also behaving the same revolving around the RSI line.
Summary
With VCORE facing an 83% drop from its all-time high and IMVU crypto showing extreme volatility and uncertainty, traders should exercise caution. Technical indicators signal bearish momentum, with VCORE’s unsustainable surge and subsequent decline suggesting further potential downturns.
Technical Levels:
- Support levels: $0.0020 and $0.0028
- Resistance levels: $0.005400 and $0.0110
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.