V.systems (VSYS) Coin Overview and Weekly Technical Review:
This article centers around a thorough assessment of VSYS coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com. Our report aims to address vital inquiries regarding the projects associated with the cryptocurrency; determining significant factors affecting its market value; reviewing which are reliable exchanges for trading it; identifying traded currency pairs; exploring assorted key metrics that demonstrate critical aspects of performance such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits..
What is V.systems (VSYS) Coin?
V.systems (VSYS) is a blockchain-based platform that aims to provide secure and scalable cloud services. It was created by Sunny King, who also co-created the Proof of Stake consensus mechanism, which is used in many cryptocurrencies today.
The VSYS coin is used as the native currency on the V.systems platform. It can be used for transactions within the network and as a means of payment for using various cloud services such as storage, computing power and other resources offered by V.systems.
One of the key features of V.systems is its Supernode Proof-of-Stake (SPoS) consensus mechanism that allows holders of VSYS coins to participate in network validation and earn rewards for doing so.
The project also offers smart contracts functionality through its own programming language called Smart Contracts Script (SCS), which enables developers to create decentralized applications on top of the V.systems blockchain.If you want to learn more about V.systems (VSYS) coin, you can visit.
V.systems (VSYS) has several ongoing and upcoming projects that aim to provide a range of decentralized cloud services. Here are some examples:
1. SPoS Consensus Mechanism: As I mentioned earlier, Supernode Proof-of-Stake is the consensus mechanism used by V.systems for network validation. VSYS holders can participate in this process by staking their coins and earn rewards for doing so.
2. Smart Contracts Script (SCS): V.systems offers its own programming language called SCS which enables developers to create smart contracts on top of its blockchain platform.
3. Decentralized File Storage: V.systems plans to offer decentralized file storage services where users can store their data securely without relying on centralized servers.
4. Decentralized Exchange (DEX): The project aims to launch its own DEX where users can trade cryptocurrencies in a secure and decentralized manner.
5. Payment Gateway: With the help of payment gateway integration, merchants will be able to accept payments through VSYS coin or other supported cryptocurrencies easily.
These are just some examples of the projects that V.systems is working on, but there may be more initiatives launched in the future as well.
Factors affecting price:
Like any other cryptocurrency, the price of V.systems (VSYS) coin can be influenced by a variety of factors. Some of the most common factors that can affect VSYS’s price include:
1Overall market sentiment: The overall sentiment in the cryptocurrency market can have a significant impact on VSYS’s price as it does with other cryptocurrencies.
2. Adoption and use cases: If more people start using V.systems platform for cloud services or if there are new applications developed on top of its blockchain, this could lead to an increase in demand for VSYS coins and positively impact its price.
3. Competition: As there are many other blockchain-based cloud service providers out there, competition could negatively impact the value proposition of V.systems’ platform, which may result in lower demand for its native coin.
4.Technology developments and upgrades : Any advancements made to improve platform scalability or security could have a positive effect on investor confidence and hence boost VSYS’s price.
5. Regulatory environment: Changes in laws and regulations surrounding cryptocurrencies globally or regionally may also affect investors’ perception towards them including their investment decisions about VSYS coins.
It is important to note that these factors are not exhaustive but provide insight into some key areas where changes might occur that influence the value of VSYS coin either positively or negatively over time.
Where can I buy VSYS Re(VSYS)?
Exchange Pair Volume
V.systems (VSYS) Baseline Assessment :
The market cap of the V.systems (VSYS) coin is $ 3.505.313 and its circulating supply is 2.867.564.937 units. Its total supply is 999.999.999.999.999 units, with a fully diluted valuation of $ 1.222.400.708.300
What is the high price point for V.systems (VSYS)?
V.systems (VSYS) token highest price is $0.2975 recorded on Jul 29, 2019. The current price is %-99.59 lower than the all-time high.
What is the low point of the price for V.systems (VSYS)?
V.systems (VSYS) token’s lowest price was $0. 0.0009032 on Nov 14, 2022.
V.systems (VSYS) Technical Outlook:
The downward movement, which started at $0.6 on September 02, 2019, seems to have found support at $0.000946. With the purchase coming to the market from the support point, it increased by 410% to $ 0.004339, but it could not remain here and the support point was withdrawn to $ 0.000946. A descending triangle formation started to form at the support point, at this point, $0.000946 can be set as the stop point, and a long position can be opened with a volumetric formation break.
Fibo levels should be followed as resistance points on possible rises: $0.004339 – $0.011131 – $0.023834.
Investment information comments, and recommendations contained herein are not within the scope of investment consultancy. The content, comments, and recommendations herein are not guiding but general. These recommendations may not suit your financial situation and risk and return preferences. Therefore making an investment decision based solely on the information herein may not yield results that meet your expectations.