Price Analysis

VeChain Price Analysis: VeChain (VET) Declines In Price And Ranking Towards The Weekend

eToro
  • VeChain’s efforts to create real business value may result in reviving VET
  • VET proceeds towards a massive downtrend after weeks of a slow trend

This has been the fourth week since VeChain Coin prices started falling and there are still no signs of recovery rather complete opposite of that as the coin records as lows as $0.0066 value yesterday. VET has recently celebrated the one-year anniversary of its blockchain platform and introducing new methods to pioneer in the gaming industries, but none of it seems to affect the price of VET positively. The current market performance of the coin is below satisfactory.

VeChain Price Statistics:

As on June 22, 2019, at 10:18:19 UTC, VET is trading at $0.0066, and the coin has shown downtrend of over 13% in the last 5 days. VET coin has not shown any progress but only dipping further down with each passing day.

VeChain Price Chart - 22 June
VeChain Price Chart
  • VET price is noted at $0.0066 and 0.00000063 BTC
  • The market cap of the coin has reached $370,563,523
  • The 24-hour volume is now $37,565,212
  • The circulating supply of the coin has been 55,454,734,800 VET
  • The ROI of the coin is now -55.53%

VeChain has slipped in the coin ladder further down and now ranked at the 30th position. Throughout the week, VET has shown a slow trend moving downwards and started falling steeply after June 21. The coin may pick up pace over the next 2 days but will take a little longer to once again trade above $0.0080.

VeChain Price Prediction:

VeChain traded above $0.0080 in May and now almost a month after the coin is struggling to remain afloat at $0.0070. This one month has been one of the slowest in terms of movement and trading value for VeChain, and despite many announcements on a strategic level, VeChain coin is still not able to pull itself out of the deadlock. Hence, the coin may only reach at $0.0090 by the end of the year.

Conclusion:

VeChain can be a good investment for the future, and although the progress is slow, the coin has a strong roadmap and vision for the next years.

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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