Price Analysis

VeChain Price Analysis: VeChain’s Radical Partnerships May Reflect In VET Token Prices Soon

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  • VeChain (VET) seems to be a strong advocate of ‘slow & steady wins the race.’
  • VeChain & DNV GL’s alliance may result in the mass adoption of VET token

VeChain has always been the trendsetter in the world of cryptocurrencies and explores offbeat alliances to set foot in all sectors and gain better positioning in the market. The coin VET may be moving slowly, but it has registered good upward growth in 2019 and continues to defy all odds to leave a strong mark every time an alliance is made. The upcoming launch of OceanEx’s Cryptofarm on June 18, 2019, may add the required momentum in the current performance of VET token.

VeChain Price Current Statistics:

There has been slow growth in the value of VET token in the last 25 days. The coin started trading at $0.0074 and moved below $0.0069 before rising as high as $0.0085. VET token again started rolling back to reach $0.0068 and now trading at $0.0073 as on June 17, 2019, at 04:46:05 UTC.

VeChain Price Chart - 17 June

  • The price of VET token is noted at $0.0073 and 0.00000081 BTC
  • The market cap of the coin has reached over $412,301,661
  • The 24 h volume is now $24,274,822
  • The ROI has fallen to -50.69%
  • The circulating supply of the coin is now 55,454,734,800 VET

There has been a downtrend of over 14% in the last 15 days, and the coin is stuck in the loop since 2 consecutive weeks now. Moreover, VET token has also slipped down by 2 positions in the global ranking and currently placed at 28th position tailing Basic Attention Token with a marginal difference in the market cap.

VeChain Price Prediction:

VeChain needs to break the deadlock and move past $0.0085 consistently for the next few months now. The coin may cross $0.0090 value by the end of next month and can reach $0.01 by the end of the year.

Conclusion:

This is a good time to invest in VET coin as the price is extremely low, but the future is very strong with considerable returns.

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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