Price Analysis

VeChain Price Analysis: VeChain (VET) Hops Up After A Week Of Sluggish Trends

  • VeChain has discovered the upward path finally to trade above $0.0071
  • VET token is on the surging path after a week of slow trends

 VeChain has been making strategic announcements about recent technological developments and upgrades as well as partnerships and this has resulted in the price surge. After weeks of sluggish trends, the coin seems to revive back and pick momentum to trade above $0.0070 and reached as high as $0.0076 before dropping back. The current market performance is noteworthy.

VeChain Price Statistics:

As on June 23, 2019 at 06:50:47 UTC, the price of VET token is noted at $0.0071 and there has been a downtrend of over 4% in the last 5 days dropping from $0.0074 to its current value however the coin is showing reviving signs by trading above $0.0070 today after moving below $0.0069 in the last few days.

VET Price Chart - 23 June
VET Price Chart
  • The price of the VET token is now $0.0071 and 0.00000066 BTC
  • The market cap of the coin has reached $396,504,220
  • The 24 h volume is now $55,080,468
  • The circulating supply of the coin is 55,454,734,800 VET
  • The ROI of the coin stands at -52.30%

VeChain has been performing well after a long time and may start the coming week on a better note. The highest recorded value in the last 7 days was $0.0076 and the coin was trading at the same during the beginning of the day before it started falling back to trade at $0.0071. It may pick up the momentum soon.

VeChain Price Prediction:

VeChain is finally moving towards upward trends and may reach as high as $0.0080 in the coming week if it continues the pace. The coin may cross $0.0090 mark in the next few months and close the year around the same price. In the next 2 years, it may trade at $1 or above.

Conclusion:

This is a good time to invest in a coin like VeChain with a lower price at the moment but assured future returns in the long term.

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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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