Toward the end of trading yesterday, the price of almost every cryptocurrency on CoinMarketCap was rising against the USD. This includes the price of VeChain. The rise in the price of VeChain VET was encouraging to investors because the cryptocurrency has been losing gains against the USD recently and the VeChain Thor price prediction was no longer positive. Some VeChain price analysts started suggesting that the price of VeChain is going to fall significantly against the USD this year. Even then, our VeChain Thor price forecast was still bullish for the year. The fact that the current price of the VeChain coin is surging against and outperforming top cryptocurrencies is rather impressive. Will the VET coin continue to rise?
VeChain Thor Price Prediction – VeChain News Today – VeChain VET Coin – VET Outperforms BTC, ETH And XRP
At the time of writing, the VeChain Thor price was $0.006615. This means that it is up by 7.53% against the USD and up by 5.77% against the price of Bitcoin. The trading volume over a 24 hour period is $12,924,107 while the market capitalization is $366,826,731. Bitcoin is trading at $5,383.20. This means that it is up by 1.03% against the USD. The trading volume over a 24 hour period is $13,664,587,236 and the market capitalization is $95,155,155,389. The VET/BTC trading pair is in green up by 5.77%. This is rather impressive especially since many altcoins are trading in red against the USD.
Ethereum (ETH), for example, is trading at $161.03. This means that it is up by 1.21% against the USD and up by 0.17% against the price of Bitcoin. The trading volume over a 24 hour period is $5,920,940,538 and the market capitalization is $17,051,175,869. The third largest cryptocurrency per market capitalization, XRP is also being outperformed by the VET coin. It is trading at $0.304169. This means that it is down by 1.68% against the USD and down by 2.65% against the USD. The trading volume over a 24 hour period is $959,679,672 and the market is $12,776,619,202.
VeChain Thor Price Prediction – VET Coin Price – VeChain Price Prediction Short-term
For the last few trading sessions, the price of vechain has been near the 50-day simple moving average. It only got exhausted yesterday. There are resistance levels at $0.0075, $0.008, $0.0085 while there are support levels at $0.0045, $0.0050 and $0.0060. If the bullish pressure continues, the price of VeChain will smash the resistances at $0.0075 and hit $0.0080 short-term. Otherwise, the price of VeChain might fall below the support at $0.0060. This would pave a way for more losses against the USD near-term.
VeChain (VET) Price Today – VET / USD
The VeChain third price has what it takes to keeping trending in the bullish zone as we established in our previous vechain Thor price prediction. The recent VeChain partnerships serve as anchors for the price of VeChain now and in the future.
Share your thoughts about the VeChain Thor price prediction in our VeChain news today? Kindly share comments below.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.