How long will Vectorspace AI (VXV) crypto’s current bearish phase last?

Follow us on Google News:
 How long will Vectorspace AI (VXV) crypto’s current bearish phase last?
Image source: © Taoxedge |


  • The Vectorspace AI is a blockchain platform that aims to explore new-age technologies. such as artificial intelligence and machine learning.
  • The 531-ranked token was seeing a healthy rally past seven days but on 21 June it was witnessing a decline by 1.36%, according to CoinMarketCap.
  • The VXV crypto was trading at US$0.587210 with a 24-hour trading volume of US$1,62,068, as per CoinMarketCap.

Over the past week, the Vectorspace AI (VXV) crypto has seen a good rally amid the bearish crypto environment and adverse market sentiments. The VXV crypto had registered gains of 26.2% over the past seven days, according to CoinGecko. Market participants were hoping that the token would continue its upswing, but on 21 June, it suffered a jolt and slipped by 1.36%.

Not only that, the 531-ranked token’s volume went down by 77.61% at 10:40 am (GMT +1), according to CoinMarketCap.

The Vectorspace AI is a blockchain platform that aims to explore new-age technologies, such as artificial intelligence and machine learning. As a data-centric crypto startup, it utilises Natural Language Processing and Understanding for its day-to-day operations.

Related read: What is making Synthetix crypto (SNX) crypto rally? 

The rise and fall

Though the exact reason for the VXV’s slump today is difficult to establish, as per experts, the token seems to be suffering from vanishing volumes. The volumes have dipped strongly for the VXV crypto with the Volume Oscillator indicating a -9.63 dip during the intraday session.

Image credit: Trading View

The recent sell-off in the market could be one of the biggest reasons for VXV's depreciating volumes.

Even the Price Oscillator, though starting to rear up, is still showing that the token is undervalued and is at -16.43 during the intraday session. The VXV crypto has now lost over 97% of its value since it attained its all-time high in September 2021.

Related read: Experts predict Bitcoin’s healthy rally. What’s in store?

According to VXV’s website, the transactions are hashed on the blockchain with its Data Provenance Pipeline providing high levels of transparency and data integrity. However, the holders are yet to get the benefits from staking or holding the crypto. The project is in the process to develop a feature that would offer to lease the tokens.

How is VXV crypto faring?

According to CoinMarketCap, the VXV crypto was trading at US$0.587210 with a 24-hour trading volume of US$1,62,068. The token had a live market cap of US$2,33,71,290 with 3,99,76,565 VXV coins in circulation.

The VXV crypto’s rally may very well be dependent on the rise of volume and its investors would hope that it can hit both the button (price and volume) in one go. The rally, which lasted for a week or so, did give them hope, but this may be disheartening for them to see.

Having said that, investors need to do their research before making investment calls amid the volatility in the market.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Featured Articles