VeChain has slowly become one of the largest developers so far this year. The network and its native coin VET have attracted a good number of investors in 2019 as a result of the ongoing success the price of VeChain has enjoyed and the network’s strides in the space.
VeChain has continued its improvement in terms of updates and partnerships. The network has launched updates and broadened the scale of its cryptocurrency. The company recently announced the big news that could improve the price of VeChain and raise Vechain price prediction for the year. The news is the testing of VeChain Thor V1.1.0. The news came to light via VET’s Twitter page. Along with this report, VeChain has also superseded most digital assets with its latest partnerships in a bid to ensure more adoption. what does this mean for Vechain price prediction?
VeChain’s ongoing progress has helped the coin to remain stable in its bullish action for some time now. The price of VeChain has taken the coin into the tokens that have maintained a bullish trend for an extended period in 2019.
VeChain Price Prediction: The Price of VeChain Trading at $0.00802691 at Press Time – Vechain Price Forecast
VeChain is currently ranked number 25 among the largest digital assets in the cryptomarket. It has an ROI of – 47.00% at press time according to CoinMarketCap. The coin’s total circulating supply is 55,454,734,800 VET. The price of VeChain is currently $0.00802691 with a market cap of $442,049,458.
After pushing through a volatile phase, VET jumped steeply as of May 27 to reach $0.00818070. The trend has continued in bullish territory since then. Today, VeChain managed to keep it tight moving ahead in the same pattern. The coin is expected to remain the same for the next three to five days.
VeChain Price Prediction: Comparing the Price of VeChain From 30 Days Earlier to the Current Rate
Comparing the price of VeChain from the day one of this month to date, we can see that VeChain was trading at $0.006489 on May 1. Today, May 28, it is trading at $0.00802691. There is a clear growth rate of 23.70% in the price of VeChain.
For a better analysis let’s compare the price of VeChain from the beginning of this year to this day. On day one of January, the price of VeChain was trading at $0.003698. For the first day of May, the price of VeChain was at $0.006599 which indicate strong figures pointing towards sustainable growth over the last 5 months.
VeChain Price Prediction: The Price of VeChain to Give Huge ROI in the Long-term – Vechain Price Forecast
As stated above the price of VeChain has maintained its position for a long period this year. The coin has managed to stay bullish for longer periods than most coins. This recent achievement has come as a result of VET’s recent partnerships along with its advancements in technology. All in all the future looks bright for VeChain. The ventures VeChain has embarked on have been fruitful.
In the coming years, the price of VeChain can give investors a huge ROI (return on investment). For 2019, prices may touch 2% to 3%. It is recommended that investors plan long term investment if they want to enjoy good returns.
Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.
