Price Analysis

VeChain Price Analysis: VET Continues to Plunge; Trades at $0.0049

The Comet Mobile public beta is live and running. You can now store your VeChain (VET) tokens here and can begin your journey into the decentralized world. The wallet is available on both Android and iOS platform.

Current Statistics of VeChain:

  • The current trading price of VeChain (VET) against USD is 0.00493521 USD.
  • Against Bitcoin, the crypto was valued around 0.00000042 BTC per chip.
  • At present, the market rank of VeChain (VET) is 31stin the cryptocurrency market.
  • Additionally, the market capitalization of the cryptocurrency was around 271,215,891 USD.
  • At the same time, the 24-hour trading volume in the altcoin was 27,711,392 USD.
  • With an ROI of -67.48%, the number of VeChain chips circulating in the market, at the above mentioned time, was 55,454,734,800 VET.

VET to USD Price Comparison:

Vechain Price Prediction
Vechain Price Chart by TradingView

On July 15, VeChain (VET) was trading around 0.00549661 USD. However, today after 25-days, the altcoin has declined by a margin of 10.21%. Again in the weekly trading, the crypto has gone down by 10.63% from the level of 0.00554296 USD on August 03. While the digital coin has shown a bit of strengthening in the previous of trading where it closed at 0.004978 USD with a slight hike of 0.4% after opening at 0.004958 USD.

VeChain Price Prediction:

Just like most of the cryptos, VeChain has shown a sturdy action in the last couple of days. As per our prediction, VeChain has a vivid future and might trade around 0.01 USD by the end of the year. For now, the immediate resistance for the coin is at 0.005079 USD, and the support level is at 0.004855 USD.

Conclusion:

As speculated earlier, the stable movement in VeChain has slightly shifted to better trade, and the coin started gaining some momentum. However, this is not a forecast for a bullish trend but just a temporary relief.

Tags

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.
Event Information
Event Information
Back to top button