Today, we will be looking at some of the past price trends, developments, and market opinions for VET so that we can make a VeChain price prediction for July 2020.
Vechain is a blockchain platform that was created to facilitate easy tracking and management of various products, as they go through the supply chain from producer to end-user. The platform’s native crypto is VET.
VET currently holds 27th position based on a market cap of $478,834,998, with a 24-hours trading volume of $204,259,228 worth of VET. There are 55,454,734,800 VET coins in circulation out of a total supply of 86,712,634,466 VET. VeChain is currently priced at $0.008635, with an increase of 1.12%.
VeChain Price Prediction: Analysis
Vechain started out June at $0,006267 with a bullish momentum, as it reached the $0.010 key resistance by June 11th. However, the coin failed to hold on to these new gains and fell back to $0,008872 on the same day.
For the next seven days, Vechain experienced a short-term recovery, which brought it back to crucial support levels of $0.009. In spite of this correction, the trend shows bullish signs on a higher time frame, while on the lower time frame, it is indicating bearish spurs.
On June 19th, after its recovery from $0.0076, VeChain’s price failed to surpass the $0.0095 resistance and reverted the trend to $0.00853, which is close to a major trend line that has been at the support level for three weeks at least.
Vechain continued to trade below $0.009, in the higher part of the $0.008 price range. In the last few days, VET has been struggling to remain above the $0.0090 level, with pressure from sellers rejecting higher price actions.
The resistance, pivot, and support levels calculated by WalletInvetsor are:
- Resistance Level (R3): 0.01025
- Resistance Level (R2): 0.00979
- Resistance Level (R1): 0.00953
- Pivot Point: 0.009064
- Support Level (S1): 0.00880
- Support Level (S2): 0.00834
- Support Level (S3): 0.008075
This month, Vechain has landed some major partnerships, including once in which it developed solutions against the coronavirus pandemic. In partnership with I-Dante, Vechain created the E-HCert solution, which is an automated electronic test to confirm COVID-19 infection.
The solution is to be used together with the E-NewHealthLife application, where all information and all user data is securely stored and sent to the Mediterranean Hospital in Cyprus.
Dimitrios Neocleous posted a tweet that read: “ More than 1,200 people have downloaded the E-HCert App at the Larnaca airport and have asked to receive their novel coronavirus test results on it ” – Powered by VeChain ToolChain!”
In other news, the VeChain Video Contest is nearing its last week, as it will close on June 30, 2020, at 10 PM UTC+8. VeChain foundation is waiting to receive more exciting videos, with the best to be rewarded with 3 million VET.
VeChain Price Prediction: Market Opinion for July 2020
Several crypto sites have made their own VeChain price prediction, and we will be listing some of the most applicable ones to figure out the market sentiment for VET.
Digitalcoinprice’s VeChain price prediction comes with an optimistic price for VET in July, foreseeing that the coin will reach $0.01571839, with a change of 74.66%.
Coinpredictor expects that VET will be changing hands at $0.000368 at the start of July, with an increase of +5.4%. By the end of July, the site projected that VET will surge with 54.2% to a price of $0.00016.
The site predicted that VET will reach $0.0109743 by the beginning of July 2020. The expected maximum price is $0.0136410, and the minimum price is $0.0092759. Vechain is supposed to close the month at a value of $0.0109128.
Bitverzo’s VeChain price prediction extends for all of the days in July, along with their average, minimum, and maximum values.
|Wednesday, July 1, 2020||0.424825||-0.686014||1.582219|
|Thursday, July 2, 2020||0.412516||-0.642986||1.649101|
|Friday, July 3, 2020||0.400032||-0.719459||1.605871|
|Saturday, July 4, 2020||0.400056||-0.668725||1.515320|
|Sunday, July 5, 2020||0.394046||-0.618657||1.569775|
|Monday, July 6, 2020||0.390168||-0.619298||1.658112|
|Tuesday, July 7, 2020||0.386918||-0.657670||1.610971|
|Wednesday, July 8, 2020||0.378312||-0.743023||1.530957|
|Thursday, July 9, 2020||0.379766||-0.730702||1.560539|
|Friday, July 10, 2020||0.380522||-0.790610||1.606628|
|Saturday, July 11, 2020||0.392961||-0.647519||1.609596|
|Sunday, July 12, 2020||0.398271||-0.728757||1.598803|
|Monday, July 13, 2020||0.404382||-0.681977||1.547881|
|Tuesday, July 14, 2020||0.409597||-0.584059||1.647292|
|Wednesday, July 15, 2020||0.407783||-0.685301||1.560985|
|Thursday, July 16, 2020||0.414260||-0.660021||1.633431|
|Friday, July 17, 2020||0.418219||-0.650418||1.724816|
|Saturday, July 18, 2020||0.432044||-0.649864||1.603522|
|Sunday, July 19, 2020||0.436977||-0.691103||1.630973|
|Monday, July 20, 2020||0.441046||-0.655614||1.664964|
|Tuesday, July 21, 2020||0.442698||-0.696172||1.686650|
|Wednesday, July 22, 2020||0.435979||-0.590050||1.709273|
|Thursday, July 23, 2020||0.436421||-0.623772||1.629591|
|Friday, July 24, 2020||0.433452||-0.575864||1.658275|
|Saturday, July 25, 2020||0.439711||-0.727832||1.630524|
|Sunday, July 26, 2020||0.436703||-0.590750||1.627801|
|Monday, July 27, 2020||0.432722||-0.637865||1.604543|
|Tuesday, July 28, 2020||0.426473||-0.688400||1.677591|
|Wednesday, July 29, 2020||0.412247||-0.693941||1.629713|
|Thursday, July 30, 2020||0.405800||-0.669590||1.664697|
|Friday, July 31, 2020||0.396758||-0.697939||1.643199|
Cryptoground estimated that at the start of July, VET will have a price of $0.5105, with a decrease of -87.05%. The coin is expected to have a closing price of $0.2393, with a change of -93.93%.
Cryptorating predicted that VeChain will have a price of $0.013274, with an increase of 48.3% at the start of July. The coin is calculated to close the month at $0.013971, with a change of 56.08%.
Gov.capital forecasted that in July VeChain will have an average price of $0.00976, with a maximum expected price of $0.011224 and a minimum price of $0.008296. Predictions for the rest of the days of the month are also available.
|Calendar date||Regular||Least possible price||Best possible price|
|2020 July 01, Wednesday||0.00976||0.008296||0.011224|
|2020 July 02, Thursday||0.00929||0.0078965||0.0106835|
|2020 July 03, Friday||0.00919||0.0078115||0.0105685|
|2020 July 04, Saturday||0.00912||0.007752||0.010488|
|2020 July 05, Sunday||0.00896||0.007616||0.010304|
|2020 July 06, Monday||0.00913||0.0077605||0.0104995|
|2020 July 07, Tuesday||0.00915||0.0077775||0.0105225|
|2020 July 08, Wednesday||0.00898||0.007633||0.010327|
|2020 July 09, Thursday||0.00886||0.007531||0.010189|
|2020 July 10, Friday||0.00840||0.00714||0.00966|
|2020 July 11, Saturday||0.00776||0.006596||0.008924|
|2020 July 12, Sunday||0.00784||0.006664||0.009016|
|2020 July 13, Monday||0.008046||0.0068391||0.0092529|
|2020 July 14, Tuesday||0.00769||0.0065365||0.0088435|
|2020 July 15, Wednesday||0.0070095||0.005958075||0.008060925|
|2020 July 16, Thursday||0.00689||0.0058565||0.0079235|
|2020 July 17, Friday||0.00645||0.0054825||0.0074175|
|2020 July 18, Saturday||0.00683||0.0058055||0.0078545|
|2020 July 19, Sunday||0.00700||0.00595||0.00805|
|2020 July 20, Monday||0.00738||0.006273||0.008487|
|2020 July 21, Tuesday||0.00745||0.0063325||0.0085675|
|2020 July 22, Wednesday||0.00747||0.0063495||0.0085905|
|2020 July 23, Thursday||0.00725||0.0061625||0.0083375|
|2020 July 24, Friday||0.00680||0.00578||0.00782|
|2020 July 25, Saturday||0.007097||0.00603245||0.00816155|
|2020 July 26, Sunday||0.007059||0.00600015||0.00811785|
|2020 July 27, Monday||0.007056||0.0059976||0.0081144|
|2020 July 28, Tuesday||0.00699||0.0059415||0.0080385|
|2020 July 29, Wednesday||0.00682||0.005797||0.007843|
|2020 July 30, Thursday||0.00676||0.005746||0.007774|
|2020 July 31, Friday||0.00651||0.0055335||0.0074865|
WalletInvestor posted daily predictions for the next 9 days of July, also including the minimum and maximum values of the coin for each individual day.
|Date||Price||Min Price||Max Price|
VeChain Price Prediction: Verdict
This is the end of our VeChain price prediction. Looking at the data we have gathered from other cryptocurrency prediction sites; VET predictions appear to be based on the bullish trend.
Featured image: cryptonomist.ch