(Last Updated On: February 15, 2019)

Description

Keywords and tags that could be used to describe Vegawallet Token: applications, backbone, global, leader, payment, powered, providing, real, systems.

Price Action

A bull trend appears to be in motion, at least over the past 20 days, though we’d like to see a bit more data before drawing a strong conclusion. Vegawallet Token has a market capitalization of approximately 1.86 million US dollars. That’s small relative to the Ethereum tokens SixJupiter tracks. In terms of volatility, it’s relatively especially low volatility, so this might be a good fit to reduce your overall risk on a day to day basis. However, you may wish to confirm that this is liquid enough for you to get in and out of positions when you need to.

Engagement

Vegawallet Token currently has approximately 26 wallets, with the average weekly growth rate in number of wallets being 4.77% for each week over the past 4 weeks. As for transactions, the weekly growth rate there has been about 5.55%. Notably, both the transaction growth rate and the wallet growth rate for Vegawallet Token are above average. For those who believe tokens that get engagement are worth investing in, this could be an opportunity worth digging into.

Dilution Risk

The current available supply for Vegawallet Token is 9.18 million, while the total supply is 200 million. This means just 4.59% of Vegawallet Token’s total supply, as currently defined, has been made public. Only about 11.47% of tokens with a similar market capitalization have a larger percentage of their total currency unavailable. Vegawallet Token’s total supply has been declining over the past four weeks, but the decline in available supply has been even faster. This has increased the relative amount of Vegawallet Token’s currency that can be diluted. The decline in both total and available supply may be worth exploring a bit more to understand if this is result of intentional monetary policy.

Twitter Insights

Vegawallet Token has 1778 followers on Twitter. About 0.16% of its followers are verified, and about 1.28% are estimated to be investors. The follower count and estimated percent followers who are of investors metrics are below expectations for tokens with a similar market capitalization, but the percent of verified users is roughly in line with the average. As such, Vegawallet Token may simply not be investing as much in pumping up its Twitter following.

Where to Buy

None of the exchanges we monitor offer this token for trading at this time. We’ll up date this post accordingly when we add exchanges that do.