Price Analysis

VeChain Price Analysis: VeChain (VET) Announced Accelerator Program That Might Change The Entire Game

After the launch of VeChain Mainnet and swapping of VeChain Token, users are sticking around with the latest updates of VeChain on an everyday basis. It is in fact said that such kind of blockchain project is going to take this industry into an industrial revolution.

VeChain Accelerator Program was recently announced by the Foundation which is going to change the entire ballgame for the blockchain and will boost the trading value as well.

Let’s see if we can see such changes in the price as on 15th June 2019

VeChain Price Statistics on 15th June 2019:

At 06:23, UTC time, the value of VET is trading at $0.007386. The remaining essentials are as follows:

Return of Investment-50.53%
Market Ranking27
Circulating Supply55,454,734,800 VET
Total Supply86,712,634,466 VET
Market Cap412,600,854 USD
24 Hour Volume33,596,249 USD

VeChain Price Comparison:

VeChain Price Chart - 15 June

Yesterday, traders might have suffered a crunch as the value was trading at the lowest when compared with the market statistics of the past 5 days. It was trading at $0.00700657. However, the value has been increased by 5.4%.

The highest in the said time frame was realized on 10th June at $0.00784404. The value currently has dropped by 5.8% since then. This means that the value right now is surging in the equilibrium zone between the highest and lowest.

VeChain Price Prediction and Conclusion:

VeChain coin seems to be neither in a complete bullish nor bearish trend. We might have to wait patiently to see in which direction the trade continues. For now, traders might want to consider the resistance support between $0.00792 and $0.00678 respectively. The weekend has already begun, so let’s gaze if it can cross the boundaries at $0.0080.

Predicting the price by the end of 2019, VET might reach up to $0.01.

For traders who are planning to invest recently, they might want to consider a long-term investment in VET as it serves better numbers and profits in long-term portfolio sustainability.

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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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