Vechain Price Analysis: VeChain (VET) Price Suffers From Market Pressure; Coin Deals Around $0.0056

VeChain has been widely affected by the movement of the crypto market. The downtrend has taken the price to 0.0056 USD. We had better expectation from the VET coin, but the market pressure has ruined all. The coin still holds the hope of improvement.

The brains behind VeChain are in the continuous process of increasing the popularity of the coin. The currency would soon be rising. We are positive about the VeChain to rise in the future. To understand the price momentum better, let’s have a look at the VeChain price chart.

VET to USD Price Comparison:

The chart is taken from TradingView on 28th July 2019, at 06:27:03 UTC.

VeChain price chart - july 28
VeChain Chart By TradingView

The month opened at $0.008321. VET coin took a drop from $0.008321 to $0.007405 by 11.01%. The coin kept dealing around $0.80 for a few days. The coin again fell from $0.007672 to $0.005848. The coin dropped by 23.77%. There was a recovery marked from $0.005008 to $0.006431. The progression was of 28.40%. The coin is currently dealing at $0.0056033.

Current Statistics of VeChain:

  • VeChain coin price is dealing at 0.005687 USD.
  • ROI stands at -62.19%.
  • The Market Cap is marked as 315,378,828 USD.
  • 24-hour volume is noted as 27,558,499 USD.
  • Circulating Supply is 55,454,734,800 VET

VeChain Price Prediction and Conclusion:

VeChain price has been impressive. The currency has often helped the investors to achieve their desired goal. Well, all this got affected when the market started slopping down. The same is affected by many other altcoins in the market. There are indications that coin would climb up in the coming month. By the end of 2019, the coin would be seen touching the $0.01 mark. The long-term investment seems promising for the coin. Check out Vechain news, to stay updated about Vechain & get the latest news updates on it. Also, you can visit VET coin price prediction to know about price movement in the Future.

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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