VeChain has still some Momentum to Show Big Moves

The price of VeChain is going at a slow pace but a good surge is seen from the coin. Today, the market of cryptocurrencies is down overall but some coins including the VET are still making green candles and showing their potential.

The daily increase is not just a single achievement on the part of the coin but the weekly data also reveals that value has surged from $0.004 to $0.005 making a consolidative move. Similarly, the monthly performance of the token is also not avoidable but should be taken into account as the value jumped from $0.0042 to $0.0055.

VeChain Statistical Data

  • Market Cap: $308,697,001 USD
  • 24-hours Volume: $79,968,683 USD
  • Circulating Supply: 55,454,734,800 VET
  • Total Supply: 86,712,634,466 VET

Performance of the Week

VeChain has performed very well as compared to other coins of the category. Today’s situation of crypto markets revealed that VeChain is the winner in the top 30 coins of the CoinMarketCap. In the weekly run, the value has surged from $0.004 to $0.005 during the period of seven days.

VeChain News and Events

The VeChain network has updated the ‘VeChain Ledger’ application to 1.0.4.

Sync Browser (1.2.0 update) adds Ledger support! Please upgrade your Ledger VeChain app version to 1.0.4 to import wallets from Ledger, sign transactions and access your funds.

 

VeChain Price Prediction

AS the token started its journey in the upward direction on Oct.24 which was a strong support level and pumped the trend line to the current value of $0.005. It had faced the weak resistance level at $0.004 which was easily overpowered and made its direction upward. The next resistance level will hedge the pathway at 0.006 but it is expected that the level will overcome by the VET.

Conclusion

The coin is suitable for long term players because the volatility of the VeChain is insignificant when we put our eyes on weekly and monthly data. The bearish clouds turn into bullish forces on Oct.24 and the current price of the VET is $0.0055.

Leah Hutton

Leah Hutton has recently joined Tokenhell team as a freelance writer. She has comprehensive knowledge of blockchain and various cryptocurrencies.

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