VeChain hovers around $0.028 on Tuesday, and has fallen 3% during the trading day. VET has had a tough year, as the price of VET fell in most cases over the past seven months. The majority of investors that entered the crypto market this quarter have suffered losses. VeChain, however, was a different story in July 2024. It soared 15% over the last fourteen days. Early investors in this month saw good returns.
Please Read This: Warren Buffett Dumps $1.5 Billion Worth Bank of America Shares
VeChain will continue to deliver positive returns and similar results by July 2024. This article will help you to understand how VeChain works. articleWe will show you how VET may trade at the end of this month.
Prices of VeChain for July 31st 2024
Leading firm in on-chain metrics, price forecasting and pricing CoinCodex VeChain has been painted in a negative light this month. Price prediction says that VET will lose the majority of its gains. VET is expected to fall another 8 percent from the current price, reaching $0.027.
Please Read This: US Dollar Shows No Mercy To BRICS Nations’ Currencies
“According to our VeChain price prediction, VET is forecasted to trade within a price range of $ 0.029736 and $ 0.028321 this week,” You can read the predictions. Taking a position in VET now could result in losses. VeChain, the cryptocurrency based on supply chains and a blockchain-based system for trading, is currently in bearish territory.
Please Read This: When Did Elon Musk First Tweet About Dogecoin?
VeChain has been in a bearish trend for the past month. VET may not deliver the best returns, so it is better to concentrate on other altcoins to make profits. As ETH ETF trades begin Tuesday, cryptocurrency like Bitcoin and Ethereum may deliver higher returns. You should time the market to make the most out of an event rather than taking positions in VET.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru