Long
VeChain Trend
VeChain (VET-USD) had an amazing run up to 25 cents before sputtering and retracing to just over 7 cents. It appears to be consolidating. The question that must be asked is, what is going to happen after this phase.
Since VeChain is being developed for supply chain management, I feel its prospects are quite good at becoming a stable alt coin. However, since China has taken a dim view of using Cryptos for speculative gain, this could limit VeChain from exploding in value that some thought could rise to $1 by the end of 2021.
My feeling is that the longer term period of 5 years will see a substantial rise in the value of VeChain compared to the short term of 1 to 2 years.
Since VeChain is being developed for supply chain management, I feel its prospects are quite good at becoming a stable alt coin. However, since China has taken a dim view of using Cryptos for speculative gain, this could limit VeChain from exploding in value that some thought could rise to $1 by the end of 2021.
My feeling is that the longer term period of 5 years will see a substantial rise in the value of VeChain compared to the short term of 1 to 2 years.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.