Price Analysis

VeChain Price Analysis: VeChain (VET) Focuses On Increasing Demand For Mainstream Adoption

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  • VeChain’s Sunny Lu discusses the usage of VET coin in the Fashion Industry at an industry event
  • VeChain increases mainstream alliances to bring focus on VET adoption

VeChain has not given a single dull moment since its inception and has been continuously timing its promotion efforts strategically to bring leverage to VET adoption. The firm has strongly support from companies like Deloitte and PwC and its CEO; Sunny Lu is constantly making a presence in the industry events to discuss case studies focusing on VeChain usage. It has been a year of growth for this currency to date, and it can double in the next few months as indicated in the market trends.

VeChain Price Statistics:

VeChain coin has shown considerable high trends and a combination of low trends since the onset of 2019. The price of the coin has moved between the range of $0.0055 and $0.0088 in the last 3 months. VET’s value peaked as high as $0.019 in the last 60 days. In May, VET recorded some highs before the price of the coin started falling down slightly. As on June 3, 2019, at 05:38:34 UTC, the below trend has been seen in the coin movement against USD.

VeChain Price Chart - June 3

  • The price of the VeChain coin is trading at $0.0076 and 0.00000089 BTC
  • The 24 h volume has now reached $15,982,761
  • The market cap has crossed $426,243,292
  • The ROI stands at -49.02%
  • The circulating supply is currently noted at 55,454,734,800 VET

There has been an uptrend of over 26% in the last 25 days when the coin was trading at over $0.0060.

VeChain Price Prediction:

The value of VeChain price has almost increased by 2X in the last 5 months and recorded an all-time high at $0.019 in September 2018. The year 2019 has not disappointed the traders, and due to increased partnerships, the coin value is constantly increasing. The price of VET may cross the $0.01 mark by the end of 2019 and may reach as high as $5 in the next 2 years.

Conclusion:

This is the correct time to invest in cryptos like VeChain, which will prove to be beneficial in the longer run.

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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