Vechain (VET) and Tron (TRX) Remain in Bearish Territory, is a Breakout Coming Soon?

VeChain might have entered a host of partnerships in recent months. The coin may have been engaging the crypto community via its many major announcements. But, VET still needs to find a way to move past $0.0080. The coin recently slipped to number 29 in the crypto ranking as a result of its current market pattern.

Tron, on the other hand, is experiencing volatility. Despite the escalations and regressions, Tron has managed to stay above $0.032. The coin hasn’t dropped under the counter. Hence, traders are impressed by the crypto. The coin is expected to show flourishing results coming weeks. July holds vital importance for the Tron Foundation as it will be settling business with institutional investors.

Vechain Price Prediction: VeChain and Tron Current Statistics

According to data given by Coin market cap, the price of Tron was trading at $0.032553 at press time. The coin had a total market capitalization of $2,170,713,381 and 24 hour trade volume of $681,553,490. Tron had a circulating supply of 66,682,072,191 TRX and ROI of 1487% at press time. As of July 4, Tron is the number 10 largest digital asset by market capitalization.

According to data from Coin market cap, the price of VeChain was trading at $0.0076 at press time. The coin had a total market capitalization of $424,109,302 and 24-hour trade volume of $52,282,947. VeChain had a circulating supply of 55,454,734,800 VET and ROI of -48.64% at press time. As of July 4, VeChain is the number 29 largest digital asset by market capitalization.

Vechain Price Prediction: VeChain Price Saw its Highest Point in the Last Seven Days at $0.0094

VET closed yesterday’s trade at $0.0077. The coin’s price dropped to $0.0075. It saw its highest point at $0.0080. In the past seven days, VET’s highest price was $0.0094.

Last month, VET showed an uptrend of 8% from $0.0070 as of June 4 to $0.0076 on July 4, 2019. The coin surged from $0.0064 to $0.010 as of June 24 and dipped to $0.0080 throughout the rest of the week.

VeChain and Tron Price Prediction 2019

VeChain may end this month above $0.0080. Although, it may take some extra months for it to perform better and provide gains for traders consistently. VeChain may close 2019 trading over $0.0099. Hence, this may a good time to invest as prices are lower. The returns for the longer term will likely be higher.

Via the intraday chart, VET has registered a drop from the price it opened at $0.03295. It dropped from this level to the $0.03251 position. Which was a 1.33% drop. Later the coin went on to recover by 2.59% moving from $0.0321 to $0.0329. VET then registered a loss of 2.03% from its opening price. The price of the digital asset is currently at $0.0324.

Tron is expected to record high digits in July. The brain behind the Tron protocol will be resting on a round table. It is likely that the result of this meeting is will be highly anticipated and turn out flourishing for the coin. For short term investment, Tron will benefit more now than in the long term. Tron will likely touch $0.040 by July end. By the year-end, Tron would likely sit at $0.05.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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