VeChain Price Analysis: VeChain’s Buyback Plan May Propel VET Token To New Heights

VeChain continues to be in the radar of the investors for the firm has given some outstanding deals in the past and continues to explore new territories with each passing month. The new alliances with gaming giants and retail companies will propel the coin to new heights very soon. Additionally, the recent buyback announcement by Sunny Lu worth $25 Mn may contribute towards accelerating the growth. The current market performance of the coin paves the way to bullish trends, As per VET News.

During the AMA marathon, Sunny announced that the VeChain Foundation Steering Committee decided to conduct a VET buyback plan up to $25 million USD over the next twelve months! The buyback will be used to incentivize the ecosystem builders for long term success.

— VeChain (@vechainofficial) June 30, 2019

VeChain Price Statistics:

In the last 3 months, the VET token has shown see-saw trends with equal amounts of surge and dips but inevitable to notice that the coin has recorded a 52-weeks high value by trading above $0.010 for some time in June. VET started the month of April trading around $0.0076 and slipped as low as $0.0056 as the month of May commenced, but then it surged sharply and reached as high as $0.0087. However, the real pace started only after June 24 when the coin moved steeply upwards from $0.0064 to reach $0.010, and it is noted to be trading at $0.0082 as of July 1, 2019, at 10:44:08 UTC. There has been an uptrend of over 7% in the last 3 months.

• The price of VET token is noted to be $0.0082 and 0.00000076 BTC
• The market cap of the coin is noted at $460,142,335
• The 24 h volume is now $70,260,580
• The ROI of the coin now stands at -44.98%
• The circulating supply of the coin is 55,454,734,800 VET

Yesterday, VET Price surged as high as $0.0094 and traded at this value for a considerable time although the coin closed the day at $0.0081. But the good times for VET have only started now, and there is a lot of action to come in the imminent future. The coin has already climbed up the global ranking ladder and is positioned at 28^th place now.

VET Price Prediction:

VET’s good days may have started just now, and the coin may surge above $0.0099 soon. VET may also cross the $0.019 mark, which also happens to be its all-time-high value by the end of this year, and start trading above the same.

Conclusion:

VET token is one such crypto which motivates to take risks and also assures returns at the same time. This is indeed a good investment option now.