VeChain (VET) Picks Up The Pace After Days Of Being Stuck In A Downtrend, How High Will VeChain Go?

VeChain News Today – For a while now, the VeChain VET token has been stuck in a descending trendline. It lost the support at $0.0070 trading below $0.0068 for a while. Thankfully, yesterday, it gathered bullish momentum and rise above the $0.0070 level again. In our previous VeChain Thor price prediction, we said that the VET coin is a good investment long-term but not short-term because of the poor performance of the token. Now that things have improved, how high will VeChain go? Will the token continue to trend in the bullish territory or will the bears take back control? This is what we would consider in our VeChain news today and our VeChain Thor price prediction for the week.

VeChain Thor Price Prediction – VeChain News Today – VeChain Latest Update

The VeChain Foundation doesn’t slack when it comes to sealing VeChain partnerships with enterprises. Over the years, the company has attracted many institutions that have either developed products on the VeChain mainnet or sealed other deals with that will lead to the massive adoption of VeChain eventually. The VeChain development team has also made many technical improvements on the VeChain blockchain that are aimed at making it more efficient. While the VeChain blockchain was created specifically to attend to the needs of the supply chain management sector, it is important to note that it is an excellent authentication tool for other sectors outside the supply chain. This is one of the key factors that will lead to mass adoption of the VeChain blockchain and the VET coin.

Yesterday, after the price of VeChain managed to move above the $0.0070 level, it moved as high as $0.0076 before it found resistance and started pulling back. At the time, analysts suggested that the surge may have been as a direct result of the general positive sentiment in the market. A few days ago, the price of Bitcoin surged above the $11k mark leaving altcoins behind. Yesterday, as BTC price started to correct lower against the USD, altcoins picked up the pace and started moving higher. This includes VeChain (VET). This price surge was encouraging considering the poor performance of VeChain over the last few weeks.

VeChain (VET) Price Today – VET / USD

Name Price
bitcoin
Bitcoin
$10,067.16-3.41%
vechain
VeChain
$0.00496.04%

Over the last five days, the price of the VeChain VET token has fallen by more than 4% against the USD. It moved below the support at $0.0069 testing the $0.0068 level before attempting a recovery. It’s important to note that the return of investment for VeChain is still negative at – 52.30%. The highest point it reached in the last seven days was $0.0076. It’s been a while since VeChain tested the $0.0080 level. However, there is hope that it will move that high during the next altcoin season.

VeChain News Today – VeChain Thor Price Prediction 2019 – VET/USD – Current Price Of VeChain VET

At the time of writing, the price of the VeChain VET coin was $0.007199. This means that it is down by 0.11% against the USD and down by 0.80% against the price of BTC. The trading volume over a 24 hour period is $37,893,862 and the market capitalization is $399,237,066. The VeChain Thor price prediction in our previous VeChain news notes that the token will test $0.0090 before the end of the year and $1 in the next two years.

What do you think about the VeChainThor price prediction in our VeChain news today? Share your thoughts in the comment section below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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