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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 Overview

Preloaders.net - A loader animation of Vechain altcoin logo that ...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.

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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.

vetbtc_chart

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.

vetusd_chart

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.

VeChain US dollar price chart

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

Developments

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

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

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.

TradingBeasts

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

Bitverzo’s VeChain price prediction extends for all of the days in July, along with their average, minimum, and maximum values.

Date Average Low High
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

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

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

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
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

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
2020-07-01  0.00943  0.00861  0.01024
2020-07-02  0.00969  0.00886  0.01052
2020-07-03  0.00955  0.00871  0.01033
2020-07-04  0.00953  0.00869  0.01031
2020-07-05  0.00930  0.00850  0.01011
2020-07-06  0.00943  0.00863  0.01023
2020-07-07  0.010027  0.00916  0.01083
2020-07-08  0.010058  0.00928  0.01084
2020-07-09  0.01032  0.00950  0.0111

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

 

source: https://coindoo.com/vechain-price-prediction-july/

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