VeChain (VET) Price Analysis: VeChain Raises The Bar With Out-Of-The-Box Partnership Moves

VeChain, an open-source blockchain mainly for enterprises, partnered with the Game of Thrones recently for making customized sneakers for the fans, according to VeChain News. Additionally, the company has also partnered with BMW for a project called VerifyCar. This is a bigger leap towards establishing a global presence by connecting and engaging the customers through their interest areas. Ever since it was introduced in 2015, VeChain has been focusing on solving real-world problems and now gaining momentum in the crypto market.

Current Statistics:   

• VeChain has been placed at the 27^th position in the top 100 cryptocurrencies list by the CoinMarketCap
• The ROI of VeChain stands at negative 59.49%
• The circulating supply of the coin has reached 55,454,734 VET, and the total supply is 86,712,634,466 VET
• As on May 11, 2019, at 09:04:02 UTC, the market cap of the coin is 336,322,999 USD
• The VeChain price is trading at 0.0060 USD & 0.00000093 BTC
• The 24 h volume has been 14,319,321 USD

Comparison:

A downward trend of over -23% has been observed in the last 40 days in the value of the VeChain. The price of the VET coin moved between 0.0075 USD and 0.0057 USD in the last month. As of April 3, 2019, at 21:34:03 UTC, the market cap of the coin reached 436,017,566 USD, the price was trading at 0.0078 USD & 0.00000157 BTC, and 24 h volume was 27,999,861 USD. VET coin will reach its first resistance level by the end of the month at 0.0061 USD.

VeChain Price Prediction until 2020:

VeChain recorded an all-time high of 0.019 USD on September 4, 2018. If the currency enthusiasts are to be believed, the best is yet to come for VeChain given it outlasts its competitors in the technology and strategy part. 2019 can just be the year for VeChain to outshine as the price can rose up to 0.01 USD by the end of the first quarter. The value of the coin can range between $0.10 USD and & $0.50 USD by the end of 2019 and can cross $5 USD by 2020.

Conclusion:

This is the right time to invest in VeChain as it can yield huge returns in the longer run. The currency has what it takes to sustain the fluctuations of the crypto world.