Price Analysis

VeChain (VET) Price Analysis: VeChain Thor V1.1.0 Release Wakes Up The Bull

VeChain (VET) has become one of the biggest developers of 2019. The coin has attracted many investors this year due to its market price and ongoing success.

VET continues to improve in terms of the update and also in terms of broadening the mass scale in cryptocurrency. The coin announced the big news of testing VeChain Thor V1.1.0 on its Twitter page. Along with that, VET has also superseded many by its latest partnerships.

The ongoing progress is helping the coin to be stable with its bullish trend in the cryptocurrency. It has entered in the list of the coins who have been maintaining the bull trend for the longest time in 2019.

Let’s have a look at VET movements on the chart.

Price analysis of VeChain (VET) at 10:03:08 UTC on 28th May:

VeChain Chart

Summary of statistics:

  • VeChain (VET) is the 25th largest coin in the cryptomarket.
  • The ROI stands negative 47.00%.
  • A total of 55,454,734,800 VET are in current circulation.
  • The current price of VeChain is 0.00802691 USD.
  • The current Market Cap of VET is at 442,049,458 USD.

After going through a volatile phase, the coin showed a steep jump on 27th May and reached $0.00818070 USD. The trend continued to be bullish since then. Today, VeChain has managed to keep it tight and move ahead in the same flow. We are expecting the same for the next 3-5 days.

VET Price Comparison:

Comparing the price from the 1st day of the month, VeChain was dealing at $0.006489. Today, at 10:59:47 UTC, VET is at $0.00802691. There is clear growth in the price of the coin by 23.70%.

For a better assessment let’s compare the price of the coin from the beginning of the year. On the first day of January, the coin was at $0.003698 and on the first day of May month, the price was at $0.006599. Again the figures are pointing towards the growth.

VET Price Prediction and Conclusion:

VeChain (VET) has maintained its position in the cryptomarket from a long period of time. The recent partnerships and advancements in the technology of VeChain (VET), is pointing towards a bright future. The ventures VeChain (VET) is planning to get involved are also assumed to be fruitful.

In the coming years, VeChain (VET) can give a huge return on investment. For 2019, the prices may touch a high by 2% – 3%. We would recommend the investors to plan a long term investment in VeChain for good returns.

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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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