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Price Analysis

VeChain (VET) Price Analysis: VeChain’s International Collaborations Will Make The Bull Run Even Faster

  • VeChain (VET) has tied up with Chinese healthcare giant Renji Hospitals.
  • The 2019 predicted value should be at 0.05 USD.

In the times of increased digitalization of the global economy, VeChain (VET) seems to have become the most relevant amongst all the cryptocurrencies. VeChain (VET) has recently tied up with a China-based Renji Hospital. Renji hospitals group deals with over 2.1 million emergency cases every year. It is the latest development by the VeChain network as it is known for its growing cases of international associations in the past few years. After the collaboration, the Renji Hospitals, along with the VeChain team, declared that the hospitals will utilize the Digital Carbon eco-system. The international dealings and associations seem to have been helping the coin to grow. We predict VeChain’s price to reach as high as 0.05 USD by the end of this year. Let’s look at the current status of the coin now.

Current VET Price Statistics-

vechain price chart

  • VeChain (VET) is the 25th largest coin in the global crypto market.
  • The ROI (Return on Investment) stands at negative 47.44%.
  • A total of 55,454,734,800 VET are in current circulation.
  • The current market cap as on 16th May at 08:04 UTC is 438,766,336 USD.
  • The value of each VET coin stands at 0.007912 USD and 0.00000099 BTC.
  • The current 24h volume at the same UTC stands at 37,204,287 USD.

Comparison-

VET started the year with a relatively lower price trend at 0.003980 USD, and it managed to sustain a good growth over the last four months. The lowest point of the coin was 0.0036 USD on 7th February, and the current value at 0.0079 is the highest point of the year until now. The market cap on 16th April was 380,813,952 USD, and the value of each coin was 0.006867 USD and 0.00000135 BTC. The current market cap and the value of each VET coin in USD are 15.21% more than the figures for last month.

VeChain Price Prediction –

As mentioned earlier, the value of each VeChain thor is on a bullish trend. The predicted supply levels should rest at $0.008, $0.0085, $0.009, and the demand levels are at $0.006, $0.0055, $0.005. We predict the coin to stumble at one resistance at 0.0090 USD. By the end of 2019, the value of each VET coin should be at 0.05 USD.

Conclusion-

Buying fresh VET coins is advised. Long term holding is advised as well in order to get a profit over 10 times the current value.

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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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