Vechain price prediction next bull run | Next Dogecoin in 2022?
The cryptocurrency, VeChain (VET), had a rough ride in 2018. It began the year at $2.59 and was down to $0.0114 before ending on $0.0138. However, these prices don’t tell the whole thing of what has been happening with the crypto coin over the past year.
VeChain is blockchain-powered that provides supply chain management solutions that offer manufacturers and retailers transparency into where products are in the supply chain and tools to ensure quality control.
With VeChain’s rebranding, competition in the market has increased. The project’s future is also unclear, but there are some strong indications that VeChain will reach new highs in January.
VeChain is a blockchain-powered IoT network that aims to monitor and track the entire life cycle from manufacturing to usage. VeChain hopes to use information gathered from sensors and data mining and an established supply chain ecosystem with DApps to help businesses better monitor their products from start to finish.
There is no shortage of coins to choose from when it comes to cryptocurrency. The most popular current coin-making headline is Bitcoin (BTC). To become a successful investor in this space, one must stay on top of the latest developments and news. However, sometimes it can be difficult for those who are not professionals.
The VeChain Foundation, a Singapore-based non-profit organization, was founded in 2015 to leverage blockchain technology as a trusted tool. They are the leading global enterprise-level public blockchain platform.
Blockchains are decentralized and immutable, with infinite scaling capacity. For businesses to take full advantage of the benefits of decentralized technologies, they need a platform built for business. VeChain is an advanced infrastructure platform that has been designed specifically for digital business operations.
VeChain latest market analysis
The VeChain team has been working for over eight years and has established partnerships with PricewaterhouseCoopers, BMW, and Kuehne + Nagel. VeChain focuses on economic transparency and information security to provide trust for consumers and businesses alike. Currently, VET is ranked as the 19th largest cryptocurrency by market cap, trading at $0.05655
The VET price has been on a steady descent, and it is $0.17. Notably, VET recorded a decreased rate of almost 3.91% in the last 24 hours. Moreover, the total market capitalization of VET has been steadily declining, and it currently stands at USD 1,280,390,806.
VeChain’s tokens experienced a bull run in November and December 2017. Vechain reached an all-time high of USD 9.08 on December 19, 2017. The next bull run will most likely be driven by speculation of partnerships with leading enterprises such as automobile manufacturers and food producers. There has been a lot of hype around VeChain, so it’s natural to think this might translate to another bull run.
It aims to provide smart contracts and blockchain services such as verification and tracking products. The token is used to power the platform, and without it, the network would not function. The coin currently ranks in the top 25 cryptos on CoinMarketCap with a market cap of 2.2 billion dollars.
VeChain (VET) Price
It seems that the price of VeChain (VET) has seen a bit of a resurgence in the last few days. Last week, VeChain’s price remained stagnant, around $0.0040, but with recent surges in Ethereum, it seems that VET is benefiting from this as well. It appears that the main reason for these surges is due to several announcements coming out of Japan.
VeChain is a decentralized blockchain that offers businesses and consumers goods worldwide with an assurance of authenticity. VeChain delivers products of the best quality at lower prices, creating more value for all stakeholders in the supply chain. VeChain achieves this by providing a robust digital identity to every product throughout the supply chain. On January 18th, 2019, VeChain had a sudden spike of over 50% from USD 0.0038 to $0.
Vechain price prediction
The cryptocurrency market has seen an increase in the number of cryptocurrencies showing up on exchanges, with some being so new that they have not yet been put through their paces. One such coin is VeChain, which has already seen tremendous success in its first year on the market. There is no doubt that this cryptocurrency will continue to enjoy immense growth as more and more people become aware of it. Investors should expect VET to reach at least $50.
The cryptocurrency markets have been heavily bearish for the past few months, and the demand for bitcoin has been declining. The prices of other cryptocurrencies are also down, but one might be able to see signs of a potential bull run – the cost of VeChain.It was originally sent out as an Ethereum token before being re-coded into its blockchain in June 2017.
VeChain is a cryptocurrency that utilizes blockchain technology. It has a total market cap with a capitalization of $449 million. The VeChain project has been around for two years and had largely flown under the radar until recently. It has not seen major growth in the past few months, so it’s unclear what factors are driving its recent price increase.
Recently, VeChain (VET) has experienced an uptick in price. The cryptocurrency has broken out of the downward-sloping trend that it had been in for the past several months, moving higher against the USD. This recent breakout is likely due to last week’s rebranding event when VEN became VeChain Thor (VET).VeChain (VET) recently made a significant rally against the USD, breaking out its downward sloping trend over the past several months.
The future looks promising for the VeChain team. This technology could revolutionize several industries, and more companies could start collaborating with VeChain to improve their supply chains. The future is looking bright for VeChain. As more industries are revolutionized with their new technology, more companies will use the platform to improve their supply chains.