Home / Altcoins / VeChain Value Analysis: The Three Months Collab Didn’t Help Much

VeChain Value Analysis: The Three Months Collab Didn’t Help Much

As everyone says that the cryptocurrency market is unpredictable, yes, it is true. Everything in this market is uncertain and anything could happen in the next moment. As the same thing has happened with VeChain, the currency has collaborated with Walmart China. The VeChain’s value has increased by around 45% when the news of the collaboration came.

But, the currency was not able to keep its feet firm and in just a couple of days later the value of VET has come to the point from where it started before the alliance. In the sudden price drop, just three weeks ago the currency has lost its hard work of more than 3 months collaborating value point from the low value of $0.0063 to the peak value of the year of $0.01.

Current Status of VeChain (VET): Currently at the time of writing the value of the VET is trading at $0.006465 USD and its value is increasing by 1.13%. The market capitalization of the currency is $358,499,708 USD and the 24-hour volume of the currency is $24,624,948 USD. The circulating supply of the currency is 55,454,734,800 VET.

The value trying to maintain its position in the trading market and its value is increased by 1.13% from yesterday’s low of $0.0063, which is also a strong support level of the VET. The experts think that there are high chances that the value of the VET might go even lower than $0.0063.

The chances are that if bitcoin’s value will go down up to $9,300 then the market will also go down with the fall, but the chances of Bitcoin going down that much are low because for it alliance and keep its dominance firm in the market. On the other hand, leaving all the altcoin behind it.

The experts are not sure when will be the time of altcoin rising in the market this year will come and some of them are saying that it should have started by this time. As per the expert’s opinion, first Bitcoin has to cross its potential and then only the value of the VET will grow in a positive direction.

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About Arushi Dubey

Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

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