Why Is Vechain (VET) Gaining Popularity, Is This The Time To Buy VET?

Vechain (VET) has been trending in recent times and gaining more users. Some crypto analysts believe that it may just be the best cryptocurrency to invest in 2019. Is popularity enough reason to invest in VET? Well, VET cryptocurrency price had an impressive run in the past few weeks. Also, billionaires like Jim Breyer, Tim Draper and Anthony Di Lorio have taken an interest in the token. These factors and so much more could be responsible for the popularity of Vechain. Is this the time to buy VET? How profitable is VET price today? Is it the best cryptocurrency 2019?

VeChain (VET) Price Today – VET / USD

Name Price24H (%)
Bitcoin (BTC)
$7,856.00
-0.50%
VeChain (VET)
$0.007676
-1.73%

VET Cryptocurrency Price – Vet Partnerships Have Seen Tremendous Progress

Vechain is one of the few altcoins that are making waves in the crypto space today. When it comes to partnerships, only a few come close. Vechain has successfully partnered with BMW, PwC, Deloitte and the likes.

The network has 2 of the Big Four on its blockchain as Deloitte migrated to its blockchain leaving Ethereum blockchain. Amazon Web Services, as well as Haier, are some recent partnerships in the bag for Vechain.

Last year, a notable partnership was the one with the People’s Insurance Company, China’s Financial Services Giant. It also migrated DNC GL’s certificates in Norway to the Vechain blockchain.

Analysts believe that these partnerships will go a long way in transforming the insurance industry. Using the blockchain, it would reduce the insufficiencies which are suffered during data collection, auditing and verification.

In addition, the blockchain of Vechain can help prevent fraud in the industry, while reducing turnaround time and improving the Know Your Customer guidelines.

VET Price – Vechain Thor Price Prediction – Best Cryptocurrency 2019

Another reason why Vechain is gaining popularity is its bullish price prediction. Most analysts consider it a five-year investment. The coin is currently valued at $0.006038 according to Coin Market Cap. It stands at the 27th spot in the list of top cryptos by market cap. The 24-hour volume is $14,643,374 with a market cap of $334,843,459.

Recently, its price has been slightly bearish or trading sideways. Still, the Vechain Thor price prediction is still bullish in the long term. VET price has seen a 37% increase in value since the start of the year and this is quite impressive. The price of VET reached its all-time high on $ 0.019 in September last year.  And analysts believe VET price will reach and surpass it again.

VET price forecast for the end of 2019 suggests that the coin may reach $0.02. if the bullish momentum continues and more users adopt the coin, it has the potential to cross $10 by 2020.

Is Now The Time To Buy Vechain? – Vechain Thor Price Prediction

For long term investments, Vechain may be a viable option. However, short term VET price is bearish, but its medium-term outlook and long term are bullish. Before deciding on the best cryptocurrency to invest in 2019, you should follow the market trends closely. Vechain has so much potential to achieve mass adoption. More partnerships are in the works for this network and they could go a long way to encouraging mass adoption.

 

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