Asia-based VeChain Thor project plans to operate a native blockchain that will enable businesses to easily use various smart contract applications. VeChain focuses primarily on exchanging and storing data through the blockchain and has run live applications in the supply chain space.
After the VeChain token swap was completed successfully last year, the VeChain news and VeChain Thor price prediction have been positive. Several VeChain Thor price predictions have emerged since then.
In our last VeChain news, we said that the price of VeChain has been growing fast and the growth rate on the VeChain platform will soon become higher than the growth rate on the Bitcoin blockchain.
VeChain News Today – VeChain Thor Price Prediction
VeChain expert analysts believe that the price of VeChain will hit $0.02 before the end of 2019. Before the end of 2021, the VeChain price will hit $0.258 and by 2023, it should be around $0.612. Some others have predicted that the price of VeChain has what it takes to move as high as $75 by the end of 2023.
According to the latest VeChain news in CryptoNewz, the VeChain platform is primed for mega success this year. The VeChain Thor price prediction will be influenced mainly by the partnerships. The VeChain blockchain was created to be applied to supply chain management across industries.
Ever since the VeChain token swap, the blockchain has served this purpose effectively and sealed many VeChain partnerships. Those who use the VeChain blockchain trust it because it is tamper proof and it increases trust between the retailers and the consumers through asset digitization. It allows swift and efficient tracking throughout the supply chain.
VeChain Thor Price
VeChain (VET) Price Today – VET / USD
Between last month and yesterday, the price of VeChain has increased by more than 48.61%. However, VeChain has been recording double digit loses since the start of the day. The trading volume over a 24 hour period is $18,403,834 and the market capitalization is $347,690,541.
Keep in mind that the VET coin isn’t the only one that is currently trading in red against the USD. Almost every cryptocurrency on CoinMarketCap is trading in red including the flagship cryptocurrency, Bitcoin.
Analysts have suggested that the bloody Thursday is part of a market-wide price correction. Bitcoin has lost a significant amount of its gains and is current trading at $5022. The good thing is that the support at $5000 is strong so a recovery is expected to happen soon.
VeChain News Today – The Future Price Of VeChain Thor
Even if the price of VeChain is currently red, it has managed to hold the support at $0.005357. This would prevent it from reaching lower lows. Even if the price of VeChain is down in the day, it is up in the past seven and 30 days. The growth rate is decent. Thanks to the VeChain partnerships that have already been activated, the blockchain has a long way to go. Two VeChain partnerships that will promote adoption are the partnership with BYD, and Haier but there are many more in the pipeline. Source: Smartereum
Market prediction for VeChain Price 2019
According to the news of Captainaltcoin; with the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.
Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the VeChain (VET) price, which will give us another point of view to consider:
Walletinvestor is a popular website that does technical analysis-based price predictions of various cryptocurrencies. According to them, VeChain is expected to go down to $0.000001 in one year. This price prediction is very bearish pessimistic and it might not fall that much.
Trading Beasts also gave a very neutral prediction saying that by 2019 end, VeChain might be in between $0.01 to $0.02, which is a wide range, so this prediction is given neutrally, without a showcase of any optimism.
Mega Crypto Price
Mega Crypto price predicts that VeChain might reach $0.258 by the end of 2021 and $0.612 by the end of 2023. (VeChain Forecast)
Smartereum is a site that regularly publishes cryptocurrency predictions. They believe that the price of VeChain could go up as high as $75 by the end of 2023.
Cryptoground predicts that VeChain might reach $2.58 by the end of 2019. They even added their version of VeChain (VET) price prediction 2020, where they stated that VET might reach $4.10 by 2020.
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