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Price Analysis

VeChain Price Analysis: VET to Break the Chains and Set Itself Free to Roam Upwards

  • VeChain partners including BMW and Haier see a bright future for the cryptocurrency
  • VeChain gets back on the high side after few dips

VeChain has always been sought after by large industry players, and now it is becoming one of the preferred currencies for long term investment. The firm has inked important partnerships in the past and has companies like BMW and Haier, backing its growth and development in global markets. This leads to continuous growth trend for the coin in the cryptocurrencies market. The current market statistics of VET coin show a favorable picture for all looking for long term investments in this highly volatile market.

VeChain Price Statistics:

As on 6th June 2019 at 04:34:15 UTC, VeChain coin was trading at $0.0079 showing an upward movement after a few days of dips. In the last three months, the coin has traveled a long distance from initially trading at $0.0055 to now at $0.0079. This shows an uptrend of over 43% in the last 3 months. The coin started gaining momentum in the month of May when the price peaked to over $0.0088 post which it started falling slightly and but consistently and recorded a low of $0.0068 in the last 7 days.

VeChain 3 Month Price Chart By TradingView

3 month VeChain Price Chart - 6 June

  • The VeChain coin is now trading at $0.0079 and 0.00000102 BTC
  • The 24 h volume of the VeChain coin stands at $28,116,502
  • The market cap of the coin is now $442,770,551
  • The circulating supply of the coin has reached 55,454,734,800 VET
  • The ROI of the coin stands at -47.03%

The upward surge which has started now can continue for the next few days.

VeChain Price Prediction:

Investors, companies, and users anticipate VeChain coin to gain pace and show a consistent rising trend. The VET coin value may cross the $0.0088 mark once again and head towards $0.0090 by the end of 2019.

Conclusion:

VeChain has been a strategic asset, always leveraging opportunities to build the coin market. It is long term and may provide good returns in the future. Holding on to it now is a good choice to make.

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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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