The cryptocurrency market is becoming more and more popular, especially among those looking to invest in 2021. As a result, special attention is paid to currencies that have favorable pricing behavior for investors. In this VeChain price prediction, you can find a detailed price analysis, the most real forecast, as well as important events to consider.
VeChain currently has a market cap of $ 7,094,044,610, an outstanding supply of 64.32 billion VET, and a maximum supply of 86,712,634,466 VET.
VeChain Price Prediction (VET): Analysis
VeChain has followed the direction of the market as determined by Bitcoin. After going from $ 0.252 to $ 0.0869. He started to recover and gained a value of $ 0.135 in June. The recovery, however, has been delayed as the bear market continues to linger. The market has been down for consecutive weeks, and while showing signs of a recovery in June, it is not certain that this will hold up.
In this article, we will take a look at the VeChain price predictions and try to analyze them to project their performance in 2021. We will also get the opinions of some top websites that do price predictions to give you a better understanding of the behavior of the price and What to expect.
The price of VET has recently been trending up and down, ranging from $ 0.154 to $ 0.066. The range has tightened in what appears to be a consolidation. More recently, a little green candle burst, but how strong is it?
For now, sentiment remains bullish for VET, but it could be short-lived. The only sign that the trend will continue will be a dark green candle appearing at the end of the volume bars in the Moving Average Convergence Divergence indicator below the VET chart below.
The 50 moving average (green line) in the chart below has passed the price and may turn into resistance if the price tries to break it again. At the same time, the 200 MA (orange line) could also be a potential support for the price, as it is still below it at the moment. However, the final destination of the price largely depends on the general market trend.
For those trading VET, here are the important support and resistance levels to keep in mind, calculated by Walletinvestor.
- Resistance level (R3): 0.138;
- Resistance level (R2): 0.128;
- Resistance level (R1): 0.121;
- Pivot Point: 0.111;
- Assistance level (S1): 0.1034;
- Assistance level (S2): 0.0934;
- Assistance level (S3): 0.0860.
VeChain Price Prediction: Market Review
Here are the market opinions of the top websites on VeChain price predictions for July and the rest of 2021.
VET price prediction for Juis lying
30tariffs expects VeChain’s price in July to stay roughly the same. Their VeChain price prediction says that the maximum price for the month will now be $ 0.12, while the minimum will be $ 0.07.
|Dated||Day of the week||Min||Max||Price|
|07/16/16||Friday||$ 0.07||$ 0.09||$0.08|
|07/19/19||On Monday||$ 0.08||$ 0.10||$0.09|
|07/20/20||Tuesday||$ 0.08||$ 0.10||$0.09|
|07/21||Wednesday||$ 0.09||$ 0.11||$0.10|
Long forecasts VeChain’s price forecast indicates that the price of VET could reach $ 0.12 in July. The price may also drop as low as $ 0.07, as expected. By the end of the month, the price is expected to be $ 0.09.
VET price forecasts for the remainder of 2021
The VET price prediction on this subject website suggests that the price will increase steadily until the end of the year. By December, it is expected to hit $ 0.1834028, which is the highest expected price for the rest of the year. The least expected price is $ 0.1176698, which will be in July.
|Month||Minimum price||Maximum price||Average price||Switch|
Digital currency price
Digital currency price expects the price of VET to peak at $ 0.18105450 in August. It could then drop to $ 0.15788403 by the end of the year, according to their VET price forecast. This is generally a more bullish prediction than most websites give.
|Month||Average price ($)||Switch (%)|
|Jul 2021||0.18017480 USD||62.78%|
|August 2021||$ 0.18105450||63.57%|
|Sep 2021||$ 0.17139714||54.85%|
|October 2021||$ 0.17004074 USD||53.62%|
|November 2021||$ 0.16034918||44.87%|
|Dec 2021||$ 0.15788403||42.64%|
Gov. capitalThe VET price prediction from VET is that the highest price it will ever reach in 2021 is $ 0.16. The least expected price is $ 0.09605. The highest possible price is expected at the end of the year.
Latest news and events regarding VeChain
VeChain is an enterprise-focused blockchain project, and its latest project is in collaboration with DNV. The collaboration will bring the world’s first blockchain-based IVF service application, known as MyBaby. One of the largest hospitals in China, Renji Hospital, announces the launch of the project.
DNV, a hospital with over 170 years of history in medical treatment, education and scientific research, will leverage VeChain’s blockchain technology to verify key steps in in vitro fertilization (IVF) and provide private access, exclusive and end-to-end data for expectant parents undergoing hospital treatment.
The project has also entered the NFT ecosystem. This was marked by the announcement of a $ 1 million grant program for the VeChain eNFT ecosystem as part of efforts to help small businesses and community startups build their projects.
VeChain Price Prediction: Verdict
VeChain’s market performance is very bearish right now. This shouldn’t change anytime soon as the market shows no signs of improvement in the near term. It can be in consolidation, and a time to accumulate if you want to invest in it. This is not about financial advice, which means that additional research should be done before investing in the asset.
Featured Image: cryptonomiste.ch
Opinion: The information in this article and the links provided are for general information purposes only and should not constitute financial or investment advice. We recommend that you do your own research or consult a professional before making any financial decisions. Please recognize that we are not responsible for any loss caused by any information on this website.