After the digital currency boom last year, the crypto market has been flooded with several digital currencies. But some digital currency projects are more outstanding than other, and VeChain is one them. The VeChain project began back in 2007, although its digital currency was launched a couple of years later.
Last year was friendly for the digital currency as it was able to secure the number 16th position on the list of top digital currencies in the world. At the time of writing, the coin is ranked 17th with a market cap of $1.75 billion. In this article are some of the price prediction of the digital currency.
VeChain (VET) Price Today / USD
Name Price $42,161.00 $0.074
What You Should Know about VeChain (VET)
VeChain is a unique project due to the fact that it offers blockchain-based solutions to real-world industrial issues. VeChain is created by DJ Qian and Sunny Lu, and it mainly focused on supply chain solutions when it first began.
Over the past few years, it has evolved to offer services to a lot of industries, including logistics, agriculture, retail, goods, and automotive. VeChain is presently working on providing a network similar to that of Ethereum where developers can build decentralized applications and smart contracts.
Price Prediction of VeChain 2018: Technical Analysis
This method of prediction relies wholly on data and doesn’t take other things into consideration. Based on the technical analysis of the coin, Wallet Investor has predicted that the value of the digital currency is expected to hit $12 in the next twelve months.
Tradingbeasts.com also predicted that the coin will be trading within the range of $8 to $11.8 by the end of this year.
Price Prediction by Experts
Roger Ver is one of the most powerful voices in the crypto industry, and he believes that VeChain (VET) has a very bright future because it’s trying to solve real-life issues and it has a lot of applications that are serving several industries.