Partnerships are a stepping stone to price increases among digital assets and more adoption. One asset class that is expected to benefit from a partnership, is VeChain. VeChain is currently the number 26 largest crypto by market capitalization. Now expert’s believe that the price of VeChain will soon begin to benefit from the recent partnership. For our VeChain price forecast today, the price of VeChain is expected to change from the correction phase it has been in since the last week following the network’s latest collaboration with Haier.
VeChain Price Prediction: The Goal of Partnerships in the Digital Asset Space is to Encourage Growth and Development
VeChain news today indicates that partnerships initiated by the network are targeted to the expansion and development of the Blockchain network. The partnership with Haier is going to allow VeChain to integrate its Blockchain to Haier’s Cosmoplat solution. Despite the fact that the news of this integration might not necessarily influence the price of VeChain in the short-term, it is going to boost VeChain’s adoption in the long run. More people are going to understand VeChain from Cosmoplat.
According to data given by coinmarketcap, VeChain had an ROI of – 59.23% as of press time. The price of VeChain was trading at $0.006132 with over 55,454,734,800 VET in current circulation. The digital assets market capitalization stood at $340,028,238 with a 24 hour trade volume of $10,687,733.
VeChain Price Prediction: Comparing the Price of VeChain From March 6 to This Day
The price of VeChain started this year at $0.0039. This was just after the crypto winter. Then after a small stint of inconsistency, the price of VeChain went as high as $0.0053. From that positio, it started to show price variations. The price saw its biggest gain after the April 1 boom when it’s value reached $0.0078. Now the price of VeChain is undergoing a correction phase. As of April 6, the market cap of the coin was $415,662,227 now $340,028,238. On the same date, the price of VeChain was at $0.007496 now $0.006132. The current market capitalization of the coin is 15.78% less than what was attained last month. The VeChain price has decreased by 16% from what was attained on March 6.
In the last 24 hours, the price movement of VeChain has shown a lot of variations. The range was $0.006489 to $0.006313. There were three instances of price fluctuations in the last 24 hours.
VeChain Price Prediction: Recent Haier Partnership to Integrate Blockchain Into Cosmoplat
VeChain has recently announced partnerships with several major multinational entities. The goal of the collaboration with Haier is the integration of VeChain’s blockchain to the Cosmoplat solution for Haier. This partnership has given the value of the coin a huge boost. Looking at the current price movement, it is safe to say there will be a rise in the price of VeChain after the latest price correction. The next resistance positions should fall at $0.0075, $0.0080 and $0.0085.
The current position of the price of VeChain shows that this is the best time to buy the coin. Holding your coins until the end of this will give you huge profits because of the global partnerships that VeChain is making.