Review on VENJOCOIN by Mehdi hazni
VJC price analysis
Venjocoin currently has a rating of 2543 on coinmarketcap, which is not a good rating at all, and I expected the current price of this currency to be lower than the first entry price, but this is not the case. The initial price was around $ 1 and the current price is $ 3.5.
Looking at the price chart of this currency, it seems that the VJC price always stays constant for several days or even weeks and then makes a strong move, which of course is not good because traders who trade VJC take a big risk.
I checked the Weekly and Daily charts of this currency in BTC Pair, but because of this issue, which remains constant for a long time, no specific analysis can be done in those time frames.
The most obvious trend is seen in the Monthly chart, which has had a downward trend so far, but due to entering an important support area, we may see a price increase again and even more All time high.
Pros
- Possibility of price increase due to being in the support range
- Its price in USDT is higher than the first price in the first trades in the market
Cons
- Very bad rating on coinmarketcap
- The risk of trading in this currency is high due to sudden and sharp jumps
