VeChain Price Analysis: VeChain (VET) Records 16% Downtrend In The Last 5 Days

eToro
  • VET token drops in the coin ladder to 30th position, trading at $0.0073
  • VeChain releases tutorials to its ToolChain platform to attract new prospects

VeChain closed this week with nothing similar to the last week when the coin was surging and had even crossed $0.0099 value to trade at $0.010 briefly. As per VET News, VET token has made new partnerships including one with Walmart China; it is also celebrating the first anniversary of its ThorBlockchain platform and now has released tutorials to its ToolChain platform. But, none of these efforts are paying off well to increase the value of VET token, and the current market statistics show the same old slumping story.

VeChain Price Statistics:

In the last 5 days, VeChain has shown consistent dipping trends. The coin dropped rapidly in the first few days and then traded around $0.0076 for most of the days with constant dips. As on July 5, 2019, at 09:10:13 UTC, the VET Price token is noted to be $0.0073 and has shown over 16% downtrend in the last 5 days from $0.0087 to its current value.

VET Price Chart - 5 July
VET Price Chart
  • The current trading price of VET token is noted at $0.0073 and 0.00000066 BTC
  • The market cap of the coin is now $406,065,497
  • The 24 h volume of the coin is $39,781,996
  • The ROI of the token stands at -51.49%
  • The circulating supply has 55,454,734,800 VET

VET recorded a low of $0.0072 yesterday and closed the day trading at $0.0073. The coin has again reached the same value and may close the day trading around $0.0075.

VeChain Price Prediction:

As per VET Price Prediction, the VET token may not have shown an action-packed performance yet, but it is not too late for the coin to come back and surge above $0.0090 and may even trade beyond by the end of the year.

Conclusion:

It is a good time to invest in VET token in bulk. There may not be immediate returns, but the coin will definitely yield huge profits in the next few years and will survive the fluctuations.

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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