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Price Analysis

VeChain Price Analysis: VeChain (VET) Registers an Intraday Loss of 2.5%

VET coin opened the week with an upsurge. When the rest of the coin was seen suffering, VeChain was moving towards price rally. Soon, the hike turned into a fall. VeChain was also under the market pressure and couldn’t deal with it.

The coin is expected to improve its momentum in some time. The future of the VET coin is brighter and flourishing.

VET to USD Price Comparison:

VET Price Chart - 17 Aug 2019
VeChain Price Chart by TradingView

Looking at the above chart, the VeChain is reflecting downtrend in the price. Yesterday, the VET coin opened at $0.004651. The coin immediately fell to $0.004427 by 4.82%. Later, VeChain price escalated to $0.004713 again from $0.004395 by 7.23%. The coin is seen creating a double top image at $0.004713. There were a couple of times when the VET coin tried to touch the level but fell. The coin closed at $0.004533 with a fall of 2.57%. Yesterday, the intraday movement booked a fall of 1.62% as the price changed from $0.00456 to $0.00448. Today, VeChain opened at $0.0045 and is stable throughout.

Current Statistics of VeChain:

  • VET price is trading at 0.004500 USD.
  • ROI (Return on Investment) is marked as -69.93%.
  • The 24-hour volume is marked as 25,740,677 USD.
  • The Market Cap is noted as 250,827,280 USD.
  • Circulating Supply has 55,454,734,800 VET.

VeChain Price Prediction and Conclusion:

The market has taken a heavy blow in its chest this week. The altcoin market is dealing at $26 billion. The fall is tremendous, but relying on the crypto market, it is anticipated for VET coin to embark the recovery soon. The volatility of the market adds adventure among the traders. VeChain is recommended for short-term investors.

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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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