Price Analysis

VeChain Price Analysis: VeChain (VET) Deals At Intraday Loss

The market is dealing with the bears today. The altcoin market experienced a blow in the heart yesterday. Almost all the coins were drenched in blood. The downtrend has affected VeChain (VET) a lot. The coin was seen struggling in the market yesterday. 

On 14th August, the coin touched a high at $0.004915 and a low at $0.004563. The volume marked on yesterday’s chart was $30,957,848. There is not much expectation from the coin today. 

Let’s have a look at the intraday chart. 

VET/ USD Price Chart:

The coin is taken from Trading View on 15th August 2019 at 08:11:46 UTC for price analysis. 

Yesterday, the coin opened with an upsurge. The price counters shifted from $0.0048 to $0.0048 by 2.58%. Later, the coin fell from $0.0049 to $0.0044 by 9.98%. There was recovery marked in the coin of 12.14% as the price again jumped from $0.0044 to $0.0049. The coin closed at $0.046 at a loss of 3.34%. Today, the coin again opened with a drop of 5.28%. The price switched from $0.0046 to $0.0044. Further, it recovered by 6.74% as the coin hiked from $0.0044 to $0.0047. VET is currently dealing at $0.0046 and is at a loss of 1.14%.

Particulars VeChain (VET) 
Price $0.004576 
ROI -69.57%
Rank 30
Market Cap$253,786,603 
24hr Volume $25,752,870 
Circulating Supply 55,454,734,800 VET

VeChain Price Prediction and Conclusion: 

VeChain was seen at an astounding level in the last two quarters. From the beginning of the third quarter, the market started dropping. The current month was expected to bring some change, but at present, the traders are disappointed more than ever. 

However, VeChain (VET) has a high prospect of improving. The coin is likely to deal at $0.0070 by the end of 2019. The coming years would bring heavy change in the coin. 

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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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