Price Analysis

VeChain Price Analysis: VeChain (VET) Slumps To Trade At $0.0068 Without Any Signs Of Recovery

eToro
  • VeChain Thor celebrating one year anniversary has no impact on VET prices
  • VET coin may continue to show bearish trends over the weekend

Days have passed, and VeChain has shown no sign of surge till date. On the occasion of VeChain Thor’s first anniversary, the firm has decided to share updates on all partners, and this may have a long-term impact on VET price, but as of today, it keeps trading at the lower end. The current market performance is dull and depressing.

Current Statistics of VeChain Coin:

As on June 21, 2019, at 08:19:20 UTC, the price of VET coin is noted at $0.0070, and it is dipping further. The coin has moved downwards since yesterday and reached as low as $0.0068. There has been a downtrend of over 7% in the last 4 days declining from $0.0076 to its current value. There are no signs of recovery yet.

VET Price Chart - 21 June
VET Price Chart
  • The price of VET is noted at $0.0070 and 0.00000072 BTC
  • The Market Cap of the coin has reached $389,110,160
  • The 24-hour volume is now $32,447,404
  • The circulating supply of the coin has reached 55,454,734,800 VET
  • The ROI now stands at -53.32%

VeChain seems to be stuck in an endless loop and continuing with the bearish trends since quite some time now. There are no signs of recovery, and the coin keeps falling back to trade below $0.0070. The week may close on a lower side.

VeChain Price Prediction:

VeChain may further drop down to $0.0068 over the weekend, and most probably, it is on its correction phase. The coming week can start on a good note though, and the price of VET coin may start moving upwards crossing $0.0080 mark by the next month end.

Conclusion:

VeChain investment for the future is a good option, but any short-term investment can lead to losses.

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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