The bloody correction that was reported in our VeChain news yesterday has finally come to an end. The price of VET is now in green on CoinMarketCap as Bitcoin surged back above the $8000 level carrying every other top cryptocurrency along. Well, we already established that the bull run isn’t over yet. So, the price action of Bitcoin, VeChain and other cryptocurrencies should not come as a surprise. The VeChain Thor price prediction is bullish this year and beyond as we already established in our previous VeChain news. So, this may be a good time to read VeChain trade recommendations to learn how high VeChain will go and what happened to VeChain.
VeChain Thor Price Prediction – VeChain News Today – VET Price – What Happened To VeChain?
What happened to VeChain? Why is the underdog cryptocurrency now in the spotlight? Well, the answer is obvious. VeChain has entered into the spotlight because the VeChain blockchain provides a solution to real world problems that many other blockchains are still struggling to solve. VeChain is the first blockchain that was created to serve the ever growing needs of the traditional supply chain management sector. Over the years, VeChain has delivered. The VeChain Foundation is also good at sealing partnerships. Almost every month, a new name is added to the list of VeChain partnerships. Companies that would have used the Ethereum blockchain are using VeChain instead because they have seen that the VeChain blockchain is more efficient than Ethereum. These partnerships have supported the VeChainThor price prediction and helped bring it to the spotlight.
The VET token has been doing well since the beginning of the year. While the last 30 days have been a mixture of bullish and bearish trends, it has maintain an uptrend overall. Within a 30-day period, the VET price is up by 4%. After moving as high as $0.0088 last week, the price of VET fell as low as $0.0057 during the market correction. It formed resistance at the $0.00800 level and after breaking this resistance, it paved a way for a more significant surge against the USD.
VeChain Thor Price Prediction – VeChain News Today – VET Price – Current Price Of VeChain
At the time of writing, the price of VET was $0.007993. This means that it is up by 7.34% against the USD and down by 2.83% against the price of BTC. The trading volume over a 24 hour period is $22,230,035 and the market capitalization is $443,251,119. Per the VeChain price prediction on CryptoNewz, the VET price is going to move as high as $0.0900 bear term. Before the end of the year, VET may test $1. In the next two years, the price of VeChain will be as high as $10.
VeChain (VET) Price Today – VET / USD
The best time to buy VeChain VET tokens is during market corrections when the price moves lower and wait to take your profits at the peak of each bull run just before the market correction kicks in. Long-term traders can hold for a year or more before claiming their profits.
What do you think about the VeChain Thor price prediction in our VeChain VET news today? Share your thoughts about the VeChain token in the comment section.