VeChain (VET) Bleeds Out, Down By 11% In Market Wide Correction But Analysts Predict An Upcoming Surge

VeChain News Today – Ever since the VeChain mainnet launch and the VeChain token swap, the VeChain Foundation has been on the news several times for sealing strategic VeChain partnerships and making major moves to secure the future of the blockchain and the token. A few days ago, the VeChain Foundation and VeChain community celebrated the first anniversary of the VeChain blockchain. With so many VeChain partnerships to celebrate and the positive sentiment in the market, the price of the token became bullish. Also, the VeChain Foundation announced that it had sealed a deal with global retail giant Walmart. This led to a 20% plus surge in the price of the VET coin. Unfortunately, the token has slumped significantly over the last few hours. What does this mean for the VET coin? Is VeChain dead?

VeChain News Today – VeChain Latest Update – VeChain Thor Price Prediction 2019 – VeChain Price Falls Significantly

In the wake of the announcement about a partnership between VeChain and Walmart, the price of the VET coin surged to the $0.0098 level within less than 24 hours. Our VeChain news at the time listed a VeChain price prediction that placed the price of the token higher than $0.0100 near-term. This was easy to believe especially because the price of Bitcoin BTC was rallying along with the rest of the market breaking several resistance levels and reaching new yearly highs. Before the price correction started, it surged as high as $13700. As the price correction started, every altcoin including VeChain followed Bitcoin’s lead.

Within the last one month, the price of the VET coin has been on a sideways trend save for the few times when the bulls took control of the market. The fact that the VeChain blockchain has many use cases and the VeChain Foundation has been able to sign up many partners but the VeChain Thor price prediction was still bearish is discouraging to investors. This month has been better than the last. The VeChain VET token is up by more than 13% over a 30 day period. If the market correction didn’t start, VeChain VET would have moved above the $0.0100 level and even higher against the USD. With the price of VeChain VET deep in red, what hope is there for the token?

VeChain News Today – VeChain Thor Price Prediction – VeChain Current Price – Why Is VeChain VET Falling?

At the time of writing, the price of VeChain VET was $0.007892. This means that it is down by 12.62% against the USD. And down by 7.25% against the BTC. The trading volume over a 24 hour period is $104,416,859 and the market capitalization is $437,665,567. To be fair, VET isn’t the only cryptocurrency that is currently bleeding out against the USD. Every token on the top ten list on CoinMarketCap is currently trading in red.

When the bearish pressure in the market subsides, the price of the VET token will bounce back. There is a high chance that it will bounce above the $0.0100 level again. Over VeChain Thor price prediction for the end of the year is still at $0.0100.

What do you think about the VeChain Thor price prediction 2019 in our VeChain news today? Share your thoughts about the current price of the VeChain coin in the coment section.

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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