VeChain (VET) Statistics At Glance: Can VeChain be the Best Performer of the First Quarter?

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VeChain (VET) is a blockchain-backed cryptocurrency with a special focus on supply chain management. It was established in 2015 and in this short span it could gain access to some of the major global markets like Singapore, Luxembourg, Tokyo, Shanghai, and Paris. As per VeChain News, VeChain (VET) allots different identifiers to different commodities and products so that it would be easy for the users to track the price movement. The aim and vision of this coin are to make a paradigm shift in the payment and settlement part of the Supply Chain Management sectors.

Current Statistics-

VeChain

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  • VeChain (VET) is ranked at 25th in the whole crypto market with respect to market cap.
  • The ROI (Return on Investment) stands at a negative of 60.12 %.
  • The coins in current circulation stand at 55,454,734,800 VET.
  • The market cap as of 27th April at 02:04 UTC is 332,066,174 USD.
  • The value of each coin is 0.005988 USD and 0.00000114 BTC.
  • The 24 h volume stands at 14,065,412 USD.

Comparison-

VeChain (VET) started the year around 0.004 USD. But it has been showing gradual and consistent growth since then. There were very short periods of bearish impact. VeChain Price reached the highest on the April 1st boom. It gained around 25 % in just 4 days. But that momentum was lost and now the coin is going through the price correction stage. The market cap on 27th March was 315,692,415 USD. And the value of each coin was 0.005693 USD and 0.00000141 BTC. The current market cap and value in USD has increased by almost 5.18 % in these 30 days.

Vechain Price Prediction

Looking at the growth trend of VeChain (VET), we predict the price to touch 0.0048 USD in the coming two weeks. The value will be going downwards only because of the price correction phase. At the beginning of April, the value inflated steeply along with the global market, but it could not sustain the momentum. But the middle term outlook, as well as the long term outlook, seems bullish. The value will be on the rise until the end of this year. The value of each coin at the end of 2019 should be at 0.01 USD. By the end of 2020, this coin will be powerful enough to breach the 1 USD mark.

Conclusion-

We advise the short term investors to wait for the right time to come. Keeping patience for a few days can give them much yield than expected. Long term holders need to wait till the end of 2019 in order to get the maximum value on their investment.

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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