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Vechain Price Analysis: VET/USD Price Plunges 6.35%

Vechain price Plunge 6%

  • VeChain understandably has witnessed a rise in its price value by 6.35% overnight.
  • The VET/USD pair found support at $0.006123, $0.005703 and $0.005408.
  • The VET/USD pair found resistance at $0.006838, $0.007133 and $0.007553.

VeChain is a blockchain platform to improve the supply chain management and business process. VET is the VeChain token that’s used as a token of value. VET can be used for business transactions that happen within VeChain’s blockchain. VET can be invested in by the general public as well. VeChain has been seeing improvements in its price from the last few days and a sudden rise of over 6% within 24 hours has been surprising.

VeChain price analysis of the day:

VeChain started the day off with a price of 0.005724$ and ended the day at 0.006628$.There was a sudden drop in the price at around 9:30 UTC in the morning. It reached a value of 0.006008$.

Again VeChain saw a steep rise and reached the maximum price of 0.006597$ at around 22:00 UTC.

The first variation happened between 9:30 UTC and 12:15 UTC when the price rose from 0.006008$ to 0.006479$. The second variation was between 19:45 UTC to 23:15 UTC when the price changed from 0.006300$ to 0.006597$.

Vechain price Statistics

VeChain Price $0.00633848
VeChain ROI Beta 1100%
Market Cap $399,516,856
Market Cap Dominance 0.17%
Trading Volume $88,603,169
Volume / Market Cap 0.2218
24h Low / 24h High $0.00617900 / $0.00661503
7d Low / 7d High $0.00514213 / $0.00650367
Market Cap Rank #28
All-Time High $8.46 -99.9%
Jan 20, 2018 (almost 2 years)
All-Time Low $0.00299405 112.1%
Oct 25, 2019 (19 days)
VeChain/Bitcoin Ratio 1 BTC = 1380442.75 VET

Whereas the market cap of VET surged from 362.842 million USD to 352.810 million USD. As per the current trends, VeChain’s value might drop further. 

 

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About Steve Anderrson

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Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

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