VeChain Thor price prediction for 2019 gives us a clearer picture of what the VeChain price prediction for 2020 would be. Since last year, VeChain news has been positive. VeChain partnerships are set to promote the VeChain blockchain and, in extension, the VET coin. Even if Bitcoin is still the dominant cryptocurrency in the market, the VeChain news and VeChain Thor price prediction on U°Today suggests that the price of VeChain is set to be around $21.02- $30.92 by December 2019.
VeChain Thor Price Prediction – VeChain News – Will The $21.02- $30.92 VeChain Price Prediction Happen?
Not everyone is going to have interest in buying Bitcoin, this is where altcoins come in. However, there are many altcoins in the market that have no real value. VeChain is one of the altcoins that have value because it solves real-world problems. The price is also affordable. So, the money that would be used to buy a single Bitcoin can be used for thousands of VET coins. The VeChain Foundation has sealed many partnerships. One thing that makes the VeChain blockchain different from others is that it uses the proof of authority mechanism. This system depends on identity validation through authorized nodes and not consensus.
The VeChain blockchain is a tracking platform for supply chain management that is also used as a host for dApps just like Ethereum. However, it is faster, more decentralized and more streamlined for business activities than Ethereum. VeChain has popularly been nicked named “Ethereum for business”. The VeChain blockchain and the VET token have grown faster and more efficiently than anyone expected. So, will the VeChain Thor price prediction 2020 happen?
VeChain News – VeChain Thor Price Prediction – VeChain Thor Price Now
At the time of writing, VeChain was trading at $0.006805. This means that it is down by 2.54% against the USD and down by 2.18% against BTC. The trading volume over a 24 hour period is $10,073,650 and the market capitalization is $377,362,466. Keep in mind that VeChain isn’t the only cryptocurrency that is correcting lower against the USD and the current price of VeChain doesn’t affect the 2020 VeChain Thor price prediction.
VeChain (VET) Price Today – VET / USD
In the summer of 2017, VeChain reached a high of $2 31. However, it dropped as low as $0.25 shortly after. Just when investors were losing faith in VeChain, the price rose to $8.02 during the Bitcoin bull run in January 2018. Throughout the year, however, the cryptocurrency winter affected every cryptocurrency including VeChain. This year, VeChain has the potential to sell as high as $19.6. Considering the current price, this would be a good RIO for traders.
Many experts in the cryptocurrency space have made their VeChain Thor price prediction. The 2020 VeChain price prediction places the price of VeChain in the $21.02- $30.92 range by the end of the 2020 and $41.5 in the next five years. As long as the cryptocurrency market continues to evolve and make progress, VeChain will have what it takes to move this high.
What do you think about the VeChain price prediction in the VeChain news today? Will the $21.02- $30.92 VeChain Thor price prediction happen? Feel free to share your thoughts in the comment section.