VIDT Datalink (VIDT) crypto grabs attention with a rally of 139%. Here's why

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VIDT Datalink (VIDT) crypto grabs attention with a rally of 139%. Here's why

 VIDT Datalink (VIDT) crypto grabs attention with a rally of 139%. Here's why
Image source: © Sentavio | Megapixl.com

Highlights

  • VIDT Datalink (VIDT) crypto is primarily a hybrid blockchain validation network that aims to protect the digital data of enterprises.
  • VIDT Datalink is governed by its native token VIDT, and on 7 July, it was blowing hot with a rally of 139.16% and a massive volume rally of 7318% at 6:30 AM (GMT +1).
  • VIDT crypto on 7 July US$0.409572 with a trading volume of US$23,94,40,419, according to CoinMarketCap.

VIDT Datalink (VIDT) crypto is primarily a hybrid blockchain validation network that aims to protect the digital data of enterprises. Its unique security measures protect users against data manipulation or fraud. 

The VIDT Datalink's V-ID protects digital files from illegal activities, and as a blockchain network, it can seamlessly fit into any existing system without impacting the workflows. This way, organisations will not have to adjust much to make way for the VIDT ecosystem. Leading organisations such as IBM, DeGO, AmSpec, etc., utilise the VIDT Datalink's ecosystem to certify and secure digital documents.

VIDT Datalink is governed by its native token VIDT, and on 7 July, it was blowing hot with a rally of 139.16% and a massive volume rally of 7318% at 6:30 AM (GMT +1).

Why is VIDT crypto rallying?

The exact reason for VIDT crypto's rally is unclear, but it seems to be on a bullish trend of late. The 565- ranked token has amassed over 176.3% in the last 14 days, and over the past week, it has gained over 150%.

The project, founded by Marnix van den Berg, Pim Voets, and Ceciel van Helden, can seamlessly validate a file on the system through its ability to store digital fingerprints on the blockchain. Besides, through the VIDT crypto, the NFT users too can verify and validate the transactions, thereby ensuring immutability.

The recent rallies may have prompted interest from the investors, resulting in a massive spike in market activity post 5 July. The RSI on 7 July stood at 85.19, indicating that it is grabbing eyeballs.

The VIDT crypto's RSI on 7 July stood at 85.19Image credit: Trading View

The MACD has the worm on its way up, indicating that the rally is getting stronger as the signal line is significantly lower than the MACD line. In fact, this spike may be considered significant considering that the VIDT token had largely shown sideways movement before the rally.

Due to the rallies, Bollinger Bands of the VIDT crypto is witnessing extreme volatility, with both the lines being wide apart, almost creating a flat line.

Image credit: Trading View

According to the chart, the 100-day and 200-day Exponential Moving Average (EMA), the VIDT crypto may consolidate going forward.  

Price Performance

VIDT crypto on 7 July US$0.409572 with a trading volume of US$23,94,40,419, according to CoinMarketCap. VIDT crypto boasted of a live market cap of US$2,02,44,464 with 4,94,28,303 VIDT coins in circulation.

While the rallies have been pretty significant, it's important to note that fortunes can change at any time in crypto markets. Therefore, market participants must do their respective market research and make informed decisions instead of being greedy or in panic.

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