Price Analysis

VeChain Price Analysis: VeChain (VET) Celebrates Partners On Its 1 Year Anniversary

  • VeChain shares partner success stories to boost mass adoption for VET
  • VET prices slump to $0.0077 again after few days of surge

VeChain is in the mood of celebration throughout this week as VeChainThor Blockchain completed its one-year anniversary. The firm is sharing success stories of partner businesses, including MadeforGoods and iTaoTaoke, among others with the users to keep them excited and interested in the power of the platform. The current market performance may not have started reflecting the impact of this engagement, but it will soon result in surging VET prices.

VeChain Price Statistics:

In the last 5 days, VeChain has shown two kinds of trends. It surged steeply in the first half of this time period rising from $0.0084 to $0.0094, recording an uptrend of over 11%. In the second half, VET token dipped to trade at its current value of $0.0077 as on July 3, 2019, at 08:40:08 UTC recording a downtrend of 18%. Overall, the coin has recorded a dip of over 8% from its initial value of $0.0084.

VET Price Chart - 3 July
VET Price Chart
  • VET token is currently trading at $0.0077 and 0.00000070 BTC
  • The market cap of the coin is noted at $430,946,825
  • The 24 h volume of the coin is now $71,404,505
  • The circulating supply of the coin is noted at 55,454,734,800 VET
  • The ROI of the coin stands at -47.48%

VET token has been slumping again, but the coin may rise back to trade above $0.0080 by the end of the day. However, it has to remain this value afloat to record any considerable surge.

VeChain Price Prediction:

VeChain has always been in the news for its strategic partnership deals since the beginning of the year, and that too rightly timed to grab maximum attention from the prospective investors worldwide. The firm knows how to engage the masses and keep them hooked to the platform. This has to start now reflecting in the coin value also, and it should rise above $0.0099 by the end of next few months, and the coin may start trading above the said price mark by the end of the year.

Conclusion:

This is a good time to invest in VET token for long-term values.

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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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