VET price analysis 18 June 2019; Will the new VeChain partnership drive the price to $0.01?

VET price analysis 13 June 2013

The VET blockchain has not been benefiting from its multiple partnerships as much as investors have been hoping for. In fact, the coin has been on a downward spiral for quite some time now despite the recent uptrend in Bitcoin’s price.

However, analysts are now predicting that the partnerships will take effect on the price sooner than anticipated and that the relative frozen state of VET’s price was natural.

Currently, there are two indicators that are predicted to drive the VET price to new heights in the coming months. These are the DNV GL and the OceanEX crypto farm.

DNV GL has already contributed quite a lot to the coin’s market capitalization and the same is expected from OceanEX, which is launching today.

The overall pricing landscape of VET is looking quite grim at the moment as it hasn’t had the best of years when comparing it to large gainers like Litecoin or Bitcoin. In fact, it’s been seen multiple times that the coin depreciates once BTC’s price jumps and appreciates once it falls down.

Right now VET is resting at the $0.00724 price point, miles away from the $0.008 resistance levels. Judging by the predictions made based on the partnerships, it’s unlikely that the price will budge in the near future.

However, once the partnerships truly take shape in the coming year or so, the VET can expect a jump towards $0.01 and even beyond.

Giorgi Mikhelidze

Giorgi Mikhelidze

Georgian-born blockchain enthusiast Giorgi leverages his software development background for on point market commentary and analysis. A brief stint with Finance Makers and he's now covering crypto news for high authority websites with the tip learned from past experience, "Whenever you see people talking about the weakness of your idea, don't see it as criticism."

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