VeChain (VET) has maintained an ascending trajectory
despite the inconsistency in the cryptocurrency market. Amongst the virtual currencies in the token market that gained in value, VeChain (VET) remains prominent. VeChain has added in price significantly compared to other tokens.
VeChain (VET) Price Today – VET / USD
Some months ago, the cryptocurrency industry witnessed the rebranding of VeChain from VeChain (Ven) to VeChain (VET). The launch was expected to mark the beginning of a new era for the cryptocurrency in the industry. VeChainThor was also brought into existence followed by an airdrop that was scheduled for August 1st. On the day it migrated to VeChain (VET), the network recorded a market capitalization of more than seven million. The network has also made a lot of updates since then with the community fully backing the development team.
How Has VeChain Fared Since The Mainnet Launch?
VeChain has done well for a third generation blockchain. Last month, it announced a mutually beneficial partnership with BYD as reported by smartereum.com.
The partnership was impressive because it came about one month after the airdrop. BYD is the biggest electric car manufacturer in China and one of the best manufacturers of electric car plug-ins in the world.
VeChain also entered into partnership with People’s Insurance Company Of China
aka PICC. The network seems to be the favorite for Chinese companies. The goal of this partnership is to digitize the insurance industry by making data management more efficient through blockchain technology.
VeChain (VET) got listed on HitBTC two days ago and it partnered with RFID Chips and NFC for easy traceability and management. This is far more than many other cryptocurrencies can boast of just a few months post the mainnet launch. It means the future of VeChain is bright.
Binance Shows Support For VeChain (VET)
While the VeChain (VET) swap process is ongoing, that is the swap from VeChain (VEN) to VeChain Thor (VET), Binance has world has announced it will support for the digital token. VeChain (VET) recorded its all-time high in January last year when it was valued at 7.71 USD. It is number 19 on the list of most valuable digital tokens based on market capitalization.
Vechain Price Prediction 2019 Using Technical Analysis
In this method of price prediction, software is used to perform technical analysis (TA) on historical price and volume trends.
This method relies on data and does not take into account any softer aspects such as technology, team, and market sentiments etc.
Walletinvestor.com is a popular website which does technical analysis-based price predictions of various cryptocurrencies. According to them, VeChain is expected to hit $11.983 in one year.
Is it profitable to invest in VeChain?
Live forecast, Exchange Report & outlook for the future: You can notice the VeChain Price prediction above. According to current data VeChain (VEN) and possibly its market environment has been in an optimistic cycle for the past 12 months. Our crypto analysts indicate that there will be a positive trend in the future and golden years are yet to come for VEN. Since this virtual currency has a confident outlook, we suggest it as a part of your portfolio. Trading in specific markets is always elementary, so you might require to support these currencies under the given conditions but still conduct a thorough study of the coin before investing in any crypto.