VeChain News Today – The VeChain blockchain may have attracted many enterprises but the truth is that most of the VeChain partnerships have had little to no effect on the price of the VET token. There is a perfectly reasonable explanation for this as posted in our previous VeChain news. However, the latest VeChain Thor price prediction has revealed that these VeChain partnerships will start reflecting on the price of the VET token sooner than anticipated. When will the VeChain partnerships start reflecting on the price of VET and how high will the VET token go?
VeChain News Today – VeChain Thor Price Prediction – VeChain Latest Update
Last year, one of the hottest VeChain partnerships was with DNV GL. This collaboration was timely and it has yielded fruits so far. Another strong force that will drive the price of VeChain is the OceanEx cryptofarm which is going to be launched today, June 18th 2019. According to the announcement by VeChain, the cryptofarm is tailored toward providing products aimed at helping people grow their tokens. The announcem was as follows;
“BREAKING NEWS! Our new product CryptoFarm will be online on 18th June! A series of tailored products will be provided to grow your tokens. Here comes our first product @vechainofficial (VET) 30-Day Lock-up Plan #cryptocurrency #blockchain $VET $OCE https://t.co/22TedNELxi.”
Since the beginning of the year, the price of VeChain VET has experienced growth. While it’s not performing as well as many other coins in the market and it hasn’t truly reflected the VeChain partnerships, it is still almost twice is yearly opening price. Over the last 30 days, the price of VeChain moved from $0.0074, to $0.0069. This was followed by a recovery to the $0.0085 level. Subsequently, the token started to fall again until it hit the $0.0068 level. This was followed by a recovery to $0.0073.
Even if the year to date trend indicates a rise in price, the price of VeChain is down by more than 14% over the last 15 days. It has been in a descending triangle for more than two weeks and is struggling to break out of it. It lost its position on CoinMarketCap with two coins rising above it.
VeChain News Today – VeChain Price Prediction – Current Price Of VeChain VET – This Is The Best Time To Buy VeChain VET
While the price of VeChain has fallen significantly over the last 15 days, it is important to note that analysts still believe that the price will surge soon. So, traders are seeing the current price as the perfect accumulation price. At the time of writing, the price of VeChain VET was $0.007278. This means that it is down by 1.91% against the USD and down by 2.26% against the BTC. The trading volume over a 24 hour period is $19,856,793 and the market capitalization is $403,575,074. Before the end of the year, analysts have said that VET will test $0.0100.
What do you think about the VeChain Thor price prediction in our VeChain news today? Will the price of VeChain eventually surge against the USD and Bitcoin? Share your thoughts in the comment section below.