VeChain Has A Place In The Future But The VET Token Continues To Suffer Bearish Pressure Against The USD

VeChain News Today – VeChain is called the Ethereum for business for good reason. The blockchain is a public ledger that is manageable like a permissioned ledger making it ideal for businesses. Since inception, the VeChain Foundation has worked hard to ensure the future of the VeChain blockchain and the VET token. All the numerous VeChain partnerships stand as evidence to this fact. Many enterprises are making VeChain their chosen blockchain and some have even left the Ethereum blockchain to the VeChain blockchain. Clearly, VeChain has a place in the future.

VeChain News Today – VeChain Price Prediction 2019 – VET/USD – VeChain Thor Has A Place In The Future

VeChain is the first blockchain that was created specifically to attend to the needs of the ever-growing supply chain sector. It ensures transparency and traceability throughout the supply process and it can be used across industries. Even if the VeChain blockchain is efficient in the supply chain management sector, it can still be used in other sectors like the automobile sector as you can see from its partnership with BMW. Amid all the VeChain partnerships, the price of the VET token has still not reached its full potential. Why is this so? Well, there are basically two reasons why the price of VeChain is suffering.

VeChain (VET) Price Today – VET / USD

NamePrice
bitcoin
Bitcoin
$8,190.54-0.24%
vechain
VeChain
$0.0034-0.17%

For starters, the VeChain partnerships have to do with the VeChain Thor blockchain and not necessarily with the VET token. If these VeChain partnerships increased the use cases of the VeChain VET token and not just the VeChain blockchain, the price of VeChain VET would have been bullish. Also, the altcoin market has been struggling over the last few weeks. Since VET is part of that market, it’s not a surprise that the price of VET is also struggling. Does this mean there is no hope for VeChain VET? Well, the entire cryptocurrency community is eagerly waiting for altcoin season to come. While no one is sure when it will come, altcoin season will give altcoins a major boost in price. If the price of VeChain VET rises along with the rest of the market, it will also enjoy a boost.

VeChain News Today – Vachon Price Prediction – VET/USD – Current Price Of VeChain VET

At the time of writing, the price of VeChain was $0.006429. This means that it is down by 6.78% against the USD and down by 2.95% against the price of BTC. The trading volume over a 24 hour period is $23,154,226 and the market capitalization is $356,498,411. This morning, the price of VeChain VET was $0.00602. This was rather disappointing considering the fact that the price of VeChain VET was around $0.007 a few days ago. Since it lost this position, it has been struggling against the USD. VeChain has fallen from the 25th to the 30th position on CoinMarketCap. It is down by 14.03% over the last 30 days.

The VeChain blockchain has a place in the future and the investment in the VET token will most likely yield long-term returns. Short – term, however, things aren’t looking so good for VeChain VET.

What do you think about the VeChain Thor price prediction in our VeChain news today.

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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