Price Analysis

VeChain (VET) Tremendous Fall Continues; Price Hovers Around $0.0037

  • VeChain (VET) price deals with the bear for the second day in the row.
  • Intraday trading reflects no indication of recovery on the price chart.

The crypto market was seen dealing with the bulls in yesterday’s trading duration. Despite the uptrend in the market, there was not much improvement in the price of the coin. Today, when the market is dealing with the bear, the price of VeChain is still plunging. Also, there is no expectation from the coin to improve by the end of the day, today.

As per yesterday’s chart, the coin touched a high at $0.003962 and a low at $0.003729. The volume marked by VeChain on September 6, 2019, was $31,067,451.

Current Statistics of VeChain:

  • The price of the coin is at 0.003818 USD.
  • The coin is at the 35th rank in the market.
  • The ROI is marked at -74.61%.
  • 211,748,875 USD is noted as the market cap of VeChain.
  • The 24hr volume stands at 32,773,345 USD.
  • The circulating supply has 55,454,734,800 VET.

VET to USD Price Comparison:

The chart is taken from Trading View on September 7, 2019, at 08:28:18 UTC for price analysis.

VeChain Price
VeChain Chart By TradingView

The chart is reflecting a downtrend in the coin. Yesterday, VeChain’s price opened with an uptrend of 3.03% and shifted from $0.0039 to $0.0040. VET started slipping after then with a major drop of 5.71%. The price shifted from $0.0039 to $0.0037 by 5.71%. VET dropped to $0.0037 and closed the day. The day booked a regression of 4.98%. Today, VET started with an uptrend of 2.83% and countered a change from $0.0037 to $0.0038. The coin has kept it same from morning till now.

VeChain Price Prediction and Conclusion:

VeChain has been suffering in the market from quite some time. The recent price drop affected the coin at large, and it seems like VET would take some time to recover. Hence, the intraday trading in VeChain (VET) is reflecting no scope. However, the future holds some amazing result if invested in VeChain. In the coming years, the coin is anticipated that it would deal in 4% to 5% profit.

The traders are suggested to go for long term investment in VET. The same would give them the expected result.

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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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