Price Analysis

VeChain Price Analysis: VeChain Approaches Weekend With A Price Surge

eToro
  • VeChain continues to be a frontrunner in new alliances and services integration
  • VET surges in the last 24 hours to reach $0.0077

VeChain has never played by the rules and continues to stretch itself to explore new opportunities for gaining maximum visibility and mass adoption. The firm has recently adopted OceanEx’s custodial service for better security environment for users working on the platform. The combined efforts of partnerships, technological integrations, and thinking beyond obvious have made VET token gain a considerable surge in the last 6 months, and it is going to get better in the coming months as well. The current market data stands in support of this claim.

VeChain Price Statistics:

As on June 7, 2019, at 06:05:29 UTC, the price movement of VET coin is as shown in the below graph. VET moved between the range of $0.0057 and $0.0088 in the last 30 days, and there has been an uptrend of over 22% in the same time period from the price of $0.0063 as on May 7, 2019, to the current value of $0.0077.

VeChain Price Chart - 7 June

Particulars Statistics
Price (USD) 0.0077
Price (BTC) 0.00000100
Market Capitalization 429,979,286
24h volume 19,555,612
Circulating Supply 55,454,734,800 VET
Return on Investment -48.69%

In the last 24 hours, VeChain has shown an uptrend with the coin value rising as high as $0.0081 and then dipping to $0.0072 only to rise again. The day started with an upward movement with the price noted at $0.0077. With a market cap of over $42 Mn, VeChain holds 26th position in the global currencies.

VeChain Price Prediction:

The current upward movement gives hope to the currency holders to keep mining VET coin in bigger quantities. This might lead to an increase in the value of the coin, and by the end of 2019 VET price may reach $0.009.

Conclusion:

VET coin is a good option for long-term gains, and the current investment may lead to future benefits.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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