Price Analysis

VeChain Price Analysis: VeChain (VET) May Ink Strategic Partnerships To Break The Ongoing Monotony

  • VeChain’s Sunny Lu focuses on adding bigger names to VeChain ecosystem
  • VET token slips down further in global ranking and now placed at 29th position

VeChain is known for its strategic partnerships and alliances in the global marketplace and the founder, Sunny Lu, is now focusing efforts to add bigger names on the likes of PwC, DNVGL, and Deloitte to VeChain ecosystem and get mass acceptance instantly. The move may help the coin break past the deadlock and rise higher. The current market performance continues to show bearish trends, and the firm needs to take some actions quickly to maintain a strong market position.

VeChain Price Statistics:

VeChain Coin is trading at $0.0074 as on June 19, 2019, at 08:33:03 UTC. The coin may move upwards in the coming days, but the slow trends seem to continue since forever with the value of VET token peaking only once at $0.0084 around the beginning of June.

VeChain Price Chart - 19 June

  • The price of VET token is now $0.0074 and 0.00000080 BTC
  • The market cap of the coin has reached $408,981,426
  • The 24 h volume is now $19,401,239
  • The circulating supply of the coin stands at 55,454,734,800 VET
  • The ROI of the coin stands at -51.01%

VeChain has shown an uptrend of over 7% in the last one month moving from0.0069 to its current value, and the coin has now slipped to 29th position in the global cryptocurrencies ranking.

VeChain Coin Price Prediction:

VeChain needs to discover its mojo back in order to break the monotony and rise upwards. The coin may reach as high as $0.0090 by the end of the year if we consider the slow pace and later $0.01 remains the next target.

Conclusion:

There is an immense opportunity for growth by investing in VET token now as the currency has a long-term future.

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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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