Charts Predict the Possibility of a VeChain (VET) Price Surge, How High Will VeChain

VeChain News Today – One of the world’s renowned cybersecurity firms, Hacken, has partnered with VeChain Foundation. The Hacken team alongside CREAM, a prominent strategic training, development, and investment firm using blockchain technology and crypto-economics decided to transfer to the VeChain ecosystem to develop a new HackenAI after researching for a year. Recently, the founder of VeChain Sunny Lu, featured in Editor’s Pick Q&A after he states his vision on Real-World Applications of Blockchain Technology Report.

The value of VET is trading at $0.0048346 at on 14th August 2019, which appears to have declined a little further in proceeding hours. The other notable surge on the chart are as follows: Market Ranking – 31, Return on Investment: -67.76%, Total supply/Circulating Supply – 86,712,634,466 VET/ 55,454,734,800 VET, 24 Hour Volume – 30,031,386 USD, Market Cap Value – 268,936,569 USD, 7 Day high/low – 0.005461 USD / 0.004806 USD.

VeChain Thor Price Prediction – VeChain News Today – VeChain Price Analysis – VET vs USD Price Analysis

Previously, the highest value was observed trading at $0.00514063. The value then declined by 8.36% on the same day when the trade value shifted to $0.004710. The value experienced a growth of 6.85% with a trading value of $0.005029. The value since then has declined by 5.89%.

VeChain (VET) Price Today – VET / USD [ccpw id=”20317″]

VET keeps trending in the bearish zone. Although it has not been concluded if the trend will be favorable or not. However, many users like the current trend of VET, and that is what is influencing their decision to stick with the currency. Though many users are optimistic about the prospect of the currency surging. In the long run, the resistance support level might assist the users to avert any losses in the bearish zone. The technical analysis read thus: R2 – 0.005199, R1 – 0.00504, Pivot Point – 0.004943, S1 – 0.004784, S2 – 0.004687, S3 – 0.004528.

Analyzing the price fluctuation of Altcoin throughout 25-days. On July 18, VeChain was trading around 0.00576661 USD. Currently, the cryptocurrency has made a plunge of 11.14% analyzed to its previous value. Also in the weekly trade, the crypto declined slightly by a margin of 2.89% from the level of 0.00527981 USD on August 6th. Although, the currency has displayed some growth in its recent trading. After opening at 0.004904 USD, it increased by 4.68% and closed the day at 0.005133 USD.

The trading price of VeChain (VET) against USD is around 0.00512390 USD. Against Bitcoin, the crypto was valued at around 0.00000045 BTC piece. Currently, the market rank of VeChain (VET) is 30th in the cryptocurrency market. Furthermore, the market capitalization of the cryptocurrency is around 284,975,691 USD. At the same time, the 24-hour trading volume in the Altcoin was 29,950,474 USD. With a profit on the investment of -65.83%, the number of VeChain chips circulating in the market was 55,454,734,800 VET.

The upward trend in the crypto has grown further, and users should expect good profit in the short-term. Going by VeChain price prediction, if the positive continues, then there is a possibility of VeChain (VET) trading around 0.01 USD by the end of 2019. Currently, the next resistance for the currency is at 0.005356 USD, and the support level is at 0.0049 USD.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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