Price Analysis

VeChain (VET) Hits the Bull’s Eye by Partnering with Game of Thrones; Good days are Coming for the Crypto

VeChain is offering BlockChain-as-a-service to industries across the globe by integrating IoT in the process for the safe and secure supply chain management. VeChain aims to revolutionize enterprise level transactions through asset digitization. Incepted in June 2015, VeChain has expanded its operations and reach through strategic partnerships, innovative business solutions, and continuous technological integrations & advancements. The Ethereum based system has made several modifications and introduced new protocols including DMBSP and DGIP for faster transactions in real world enterprise applications.

Current Statistics:

VeChain Price ChartIn a very short span of time, VeChain has been able to secure its position in the coin ladder firmly and progressing ahead continuously. Currently ranked at the 25th position in the top 100 list by CoinMarketCap, VeChain (VET) is expected to cross the top 20 marks in next 5 days and top 10 by the end of the quarter. As on April 18, 2019, at 10:34:03 UTC, the ROI stands at -53.18%, market capital has reached USD 392,001,370, and 24 h volume is recorded at USD 9,858,740. The circulating supply of the coin has been 55,454,734,800 VET. The token is currently trading at USD 0.007069 and 0.00000134 BTC.

Comparison:

The market for VET looks bullish owing to increasing attention from crypto enthusiasts and market analysts. On April 4, 2019, at 02:34:05 UTC, the market capital soared to USD 438,638,646, price of the VET coin was recorded at USD 0.0079, and 24 h volume reached 32,116, 734 USD. In the past 7 days, VET recorded a high of USD 0.007100 and the lowest at USD 0.006230 showing a consistent trend throughout. If we compare the past one month data, the coin has certainly shown an upward trend trading at a price of USD 0.0054 and market capital of USD 301,984,174 on March 20, 2019, at 05:34:00 UTC. The volume has increased almost 3X to date, and there has been an upward trend of 31% overall in the price.

Prediction:

VeChain is gaining momentum by constant and strategic expansions. It’s now servicing industries including automobile, retail, pharmaceuticals, logistics, and supply chain and so on. The seamless integration of IoT technology in its customized solutions for every sector has become the talk of the town. More and more enterprises are now trusting the system and relying on it to manage their logistics conveniently. The demand is going to increase in the days to come. VeChain has always been exploring new methods to increase its demand latest being its partnership with the Game of Thrones producers for customized sneakers. The coin can be easily traded through exchanges including HitBT. From a two-year perspective, the price may reach up to USD 0.5 and may shoot up to USD 50 in the next 5 years. The VET coin may get to the $0.1000 level by the end of the second quarter of the year and hit higher by the end of the year 2019.

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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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