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Price Analysis

VeChain Price Analysis: VeChain (VET) Expected To Cross $0.0076 Once Again This Week

  • VeChain’s slow pace becomes an area of concern for investors with other options
  • VeChain keeps hitting the bull’s eye by targeting what’s trending

VeChain has always known the ways to be in the news either for its alliances or simply by posting updates on what is trending in the cryptocurrency markets. The coin has recently posted an elaborative explanation on Facebook’s Libra, and this may keep the enthusiasts hooked to VeChain platform for similar updates about the currency as well as its competitors. The current market performance of the coin may not be satisfactory, but it may revive soon in the second half of the year.

VeChain Price Statistics:

In the last 3 months, VET token has shown an uptrend of over 20% rising from $0.0060 to $0.0072 as on June 24, 2019, at 10:40:09 UTC. The coin started slowly in April but crossed $0.0079 mark before falling as low as $0.0059 around the beginning of May. VET token surged almost exponentially till $0.0086 in the mid-May and then again dipped back to $0.0068. June has been a sluggish month for this token without any considerable growth. It also kept rolling back to 30th position in the global ranking now and then.

VET Price Chart - 24 June
VET Price Chart
  • The price of VET token is noted at $0.0072 and 0.00000067 BTC
  • The 24 h volume of the coin is now $38,220,446
  • The market cap of the coin has reached $403,875,035
  • The circulating supply of the coin has been 55,454,734,800 VET
  • The ROI now stands at -52.40%

VET is currently placed at the 29th position and may surge a little to cross $0.0076 in this week however there has been not much of growth in this month by this token and the highest recorded value in the last 7 days was also $0.0076.

VeChain Price Prediction:

VET token has immense potential to grow exponentially once it pulls itself out of the loop. VET token may rise as high as $0.0090 in the next 5 months and close the year around the same price or little more than that, but the coin may pick up the pace with the onset of next year and set a new record high crossing $0.09 soon.

Conclusion:

This is a good time to invest in VeChain in smaller chunks initially and then increase the amount slowly as the price of the coin starts showing considerable movement in the upward direction.

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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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