Home / Analysis / VeChain’s Price Analysis: Bullish Movement in the VET’s Value

VeChain’s Price Analysis: Bullish Movement in the VET’s Value

Cryptocurrencies are again experiencing the bullish movements in their values after the previous week of bearish correction. Cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin and Binance Coin, but still some of the currencies are facing the bearish pressure and such currencies are Bitcoin Cash, EOS, Dogecoin, and VeChain.

VeChain was showing upward positive trends in the previous days, but today it is experiencing the decrease in the value by -0.55%. But, still there is hope for the currency and its value is not too low and it can make a comeback soon. On the other hand, VeChain is planning to launch new features to its platform and asking their currency’s fans or traders for the suggestions.

This strategy of VeChain of making the consumers an important part of their new change or development. The firm is hardly working for being aware of the news trading trends in the market and working on the development of the token VET. This way the firm is becoming popular day by day and the currency is showing growth upwards in the crypto market.

Current Status of VeChain (VET): Currently, the currency is trading at the value of $0.007532 USD and at the time of writing the Vechain’s value is decreased by -0.55%. The market capitalization of the currency is $417,676,551 USD and the 24-hour volume of the currency is $16,847,087 USD. The circulating supply of the VET is 55,454,734,800 VET and the total supply of the currency is 86,712,634,466 VET.

In the course of the last 1 month, the currency has achieved the bullish value of $0.0062 around May 16, 2019. Now, the VeChain is trading at the value of $0.0075 USD. On May 16, the currency even made up to the value of $0.008707 at 08:29 UTC.

The value of VeChain has increased up to 20%. The experts have predicted that the value of the currency will reach up to $0.01 USD soon, but the only condition for reaching up to this value that it should break the loop at the value of $0.0080. The experts’ think that it will now easily break the above the value of $0.0080, as it has reached up to this value from its starting value of 2019 of $0.0039.

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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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