This week we are met with an exciting new announcement from the VeChain project, the launch and roll out of the latest VeChain decentralised application, giving VET the chance to pave it’s own way into entering the market that is currently dominated by Ethereum and EOS. This announcement is important as DBET, or Decent.bet, the dApp that has moved to the VeChain blockchain was initially an Ethereum project. Could this be the start of of a mass Ethereum exodus, onto the VeChain blockchain?
Throughout 2018, there has been a very strong focus on the VeChain project. This particular ecosystem seems to attract a lot of price speculators and enthusiasts, which can lead to some interesting VET predictions for the remainder of 2018. The following 3 charts show the VeChain price might be bound for a major upswing, assuming key support levels hold true.
The momentum has finally turned in favor of cryptocurrencies again. If previous runs are any indication, the momentum will not last for more than a few days, unfortunately. The VeChain price is noting some solid growth as of right now, primarily thanks to some interesting developments which will make their mark on this ecosystem in the coming weeks and months.
VeChain Price Rise Gains Momentum
The past 24 hours have shown cryptocurrency markets are all but dead. Even though 2018 has not been a fun year so far, it seems things are gradually improving as more time progresses. For the VeChain price, things are going smoothly, thanks to this latest 17.17% increase in value. This is partially possible thanks to a 14.19% increase over Bitcoin as well.
VeChain has teamed up with BYD for a carbon ecosystem after adding the insurer PICC to its list of partnerships. VeChain has also just recently released mainnet v1.0.2 hwilst VET has raised over 200% in less than a month since bulls starting racing into the crypto market in August.
VeChain is the 18th biggest cryptocurrency around the globe and is heading towards bigger and more advanced things with the announcement of another partnership.
VeChain (VET), a Singapore-based enterprise blockchain platform for financial services and supply chain management, announced this week that it has entered into a partnership with BYD Auto, one of China’s largest automobile manufacturers, to develop a carbon credit solution on the VeChainThor blockchain. Through its partnership with DNV GL and VeChain, BYD has created Carbon Credits and […]
VeChain (VET), a Singapore-based enterprise blockchain platform for financial services and supply chain management, has reportedly entered into a partnership with the People’s Insurance Company of China (PICC), the largest state-owned insurance company in the People’s Republic of China, to bring blockchain technology to the industry. People's Insurance Company of China (PICC), one of the largest insurer […]
VeChain (VEN) has just broken out of a falling wedge against the US Dollar as can be seen on the VEN/USD daily chat above. The price has yet to test the bottom of the descending channel it has been trading in since the beginning of the year. However, technical indicators at this point indicate a rally from these levels towards the top of the descending channel. Squeeze momentum indicator on the above chart shows a declining bearish momentum since March.
VeChain, this week’s standout cryptocurrency, on Wednesday saw a reversal of fortune when its price tumbled 11.06% in a 24-hour period and its market cap fell to $ 764.218 million, according to CoinMarketCap. The price for the 19th-ranked cryptocurrency dropped from $ 0.01615 on Aug. 21, a monthly high, to $ 0.012996 on Aug. 22. Prior to its
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The vechain price (VET/VEN) rose nearly 10 percent on Tuesday, even as the wider cryptocurrency market struggled just to tread water amidst declining trading volume. VeChain Price Doubles in Just One Week The cryptocurrency, the native token of the eponymous IoT-focused VeChain platform, has been one of the market’s top performers in August, as CCN
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VeChain, a China-based Internet of Things (IoT)-focused crypto, has surged by more than 50 percent in value within the past 24 hours. Analysts have attributed the increase in the price of VeChain to the successful series of partnerships the team has been able to secure since earlier this year and the improving momentum of tokens
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Chart for VeChain/US Dollar
VeChain (VEN) made a stunning comeback during the recent crypto relief rally by surging 35% in the last 24 hours. The cryptocurrency which was forgotten for a while after leaving the top 20 league has now once again become the 20th largest coin by market cap. The price has yet to break out of the downtrend but it seems to have found support at the lower limit of what forms a falling wedge inside VeChain (VET)’s descending channel since the correction.
The vechain price (VET) exploded by 30 percent on Thursday, headlining a widespread recovery that raised the cryptocurrency market cap by more than $ 5 billion over the past 24 hours. The cryptocurrency, which serves as the native token of the smart contracts and supply chain management-focused VeChain blockchain, had traded below $ 0.008 during Thursday’s early
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The overall cryptocurrency market momentum has turned rather bearish, which is completely normal. A week of solid gains warrants a correction at some point. There’s also the Bitcoin ETF rejection, although that has far less impact than people may think. All top currencies are in the red right now, yet the VeChain price is surging, for no apparent reason.
VeChain Price is Rocking Hard
Looking at the VeChain price chart, volatility is clearly present everywhere one looks. This altcoin has surged to a high value, dropped ever since, surged again dropped further, and now mounting another comeback. With a current value of $ 2.44, the VeChain price is still far removed from its previous all-time high of nearly $ 8.
The cryptocurrency markets currently offer an interesting mix of ups and downs. Although the downtrend vastly outweighs the positive momentum, these coming hours will get very interesting regardless. Some coins may struggle to recover their losses. The VeChain price, for example, is down by 11.91% for no apparent reason.
VeChain Price Momentum Turns Very Sour
Although all other currencies feel the effect of Bitcoin losing value, the current VeChain price trend is very different. It has suffered from massive bearish pressure over the past 24 hours. While that is not uncommon among smaller-cap coins, VeChain still maintains a market cap of over $ 1bn. As such, such wild percentile swings should occur without a very good reason.
It is rather uncommon to see all of the cryptocurrencies in the green on a Sunday morning. If history has taught us anything, it is how this momentum will not last all that long. Even so, the VeChain price is on the road to reaching $ 4 once again, thanks to some solid overnight momentum.
VeChain Price Surge Remains Firm
As is the case with all other cryptocurrencies, the momentum is slowly turning in favor of VeChain once again. After a rather rough month filled with continual VeChain price declines, it seems an uptrend is forming over the past few days. As such, the value of this altcoin has risen from $ 3.18 all the way to $ 3.97 again over the past week.
What Is VeChain? VeChain (VEN) is a decentralized blockchain application platform that was launched in 2017. In particular, VeChain focuses on product and supply chain management through asset digitization and RFID technology. This can be used in verifying authenticity, tracking transportation and storage, and even providing details such as source materials used in a particular […]
With all cryptocurrencies going through a terrible weekend, the next week may prove to be very crucial. So far, it seems this Monday is off to a decent start, albeit it is still too early to get our hopes up. The VeChain price, for example, has noted a strong 21.72% gain over the past 24 hours, which is more than respectable given the current market sentiment.
It is evident a lot of cryptocurrency users are hoping for the markets to recover sooner rather than later. As of right now, there is some minor positive momentum forming on the charts, although things are still not looking too great. Other than Bitcoin Cash, very few currencies are making a positive impact. The VeChain price is showing some signs of life as of right now, though.