Vechain (VET) Price Analysis: Bulls Fighting to Maintain its Position

Vechain (VET) Price Analysis:

Price analysis is a spectator, which tell us about the current status of the coin in the markets of cryptocurrency and shows us right direction in the future. Vechain Price Analysis will help traders and investors who invested in in this coin by understanding the trends of coin at present as well as in future through Vechain Price Prediction.

Vechain (VET) has a vision to develop global ecosystem, Enterprise based Blockchain technology with a sole purpose of high-speed flow of transparent money and information.

Vechain (VET) News:

Vechain (VET) was first listed on exchange platform on 18 December. Huobi welcomed this with open heart, the reaction of Huobi can be judged by their tweet.

#Huobi Pro launches #Vechain on December 18, $VEN/ $BTC and $VEN/ $ETH trading will be available at New Zone from 14:00, December 19, 2017 (GMT+8).

 

9 July is the official date when the wallet of Vechain (VET) was launched with label “Vechain Thor Mobile wallet”. This wallet was upgraded on 2 August, 2018.  Vechain Thor wallet has aim to solve economic problems of real world based.

Vechain (VET) was a first product on Crypto-Farm when it came to space of cryptocurrency. Vechain (VET) is going to attend XBlockchain in Tokyo on 6 July, you can join them there.

Statistics:

  • The total market cap of Vechain (VET) is $428,002,311 USD and 38,604 BTC.
  • The total 24 hour volume of coin is $68,540,615 USD and 6,182 BTC.
  • The total circulating supply of coin is 55,454,734,800 VET,
  • The rank on Coin Market Cap is #29.

 

Price of Vechain:

The current price of Vechain is $0.007718 USD or 0.00000070 BTC.

Vechain (VET) Price Comparison:

The trend remained same throughout the month and move alongside. The 20 day-MA tell us that the price of Vechain remain smooth in whole month.

The 7 day-MA is more sensitive, showing us the volatility. It crosses the 20 day-MA at $0.0075 USD in upward direction.

Source: Trading View

Vechain Price Prediction:

The trend line tested support level at $0.0075 USD and then retracing in upward direction. It may seem that bullish movement is in control and taking trend line with him.

The next support level will be at $0.0096 USD. The technical analysis of Vechain (VET) price chart giving us the notion of upward trend. It may test its peak value of the whole month.

Source: Trading View

Conclusion:

Bulls are in control and supporting trend line in upward direction. There 70% chances that coin will book a great profit against many other alt-coins.

  • Please give us your prediction about price value of Vechain (VET). We will consider your point of view and it will motivate us to present you with price analysis of different coins.
  • If you want from us to give a detailed analysis of any coin, please leave a comment in comment box.

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Davis Byrne

Davis Byrne got into cryptocurrency world since 2013. He contributes technical chart-based price updates and price analysis on world's leading digital currencies.

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