VeChain (VET) Price Analysis: Is VeChain Attempting To Be More Progressive And Relevant Than Ethereum?

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No one doubts the potential of ETH, but on the contrary, it is also a fact that VeChain Thor is one of the most recent blockchains that has been developed to better the effectivities of ETH. According to the crypto analysts, VET may not be so popular like ETH but, it is more scalable and enables a smoother and faster transaction. VET appears on headlines every then and now for its incredible partnerships and the way it is evolving the supply chain management processes. This proves the fact that many companies are showing their interests to invest in this and to develop their supply chain. Even if there are many other ways to evolve the supply chain system, but the VET is way too superior so far, its mainstreaming and global adoption is concerned. It has already made effective partnerships with China Unicorn, Haier, BMW, Renault, DNVGL and BitOcean. To be true, ETH was the priority of these companies, but VET was definitely the most profitable option for them.

Current status of VET:

VEchain

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  • Current trading value: 0.006612 USD
  • Market cap: 366,683,277 USD
  • Market rank: 27
  • Circulating supply: 55,454,734,800 VET

Future price predictions and price analysis:

The above chart shows that at present, VET is getting traded at 0.006424 USD or 0.00000089 BTC (UTC Time 09:26). Its present 24h volume is worth of 21,143,318 USD. The same chart also shows that approx. 1 month earlier, VET had a trading value of 0.007058 USD. So, within this approx. 1 month, the value of VET has been reduced by -8.98%.

Accordingly, as per the situation, we believed that a VET could be around $0.0070 by the end of this year.

Conclusion:

VET is definitely one of the most potential cryptos that have not only got potential but is immensely profitable too. So, it is definitely worth investing for long term basis.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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