VeChain

Get VeChain (VET) all time high price, historical charts, latest news and other information.

Widely followed crypto analyst Michaël van de Poppe says three popular altcoins are nearly ready to bounce back, starting with decentralized oracle network Chainlink (LINK).
The crypto trader tells his 601,300 Twitter followers that while LINK’s price action has been worrisome, he’s predicting it finds support and ignites rallies in the near future.

“Not the most beautiful chart, but this is my scenario at this point.
In that case, I’m expecting a continuation towards $12.50 to be happening, before a bearish rejection and some retests, after which the bull starts again.”
Source: CryptoMichNL/Twitter
Chainlink is trading for $7.61 at time of writing, up nearly 4% on the day. A move to $12.50 would represent an approximately 64% increase.
Van de Poppe next evaluates VeChain (VET), an enterprise-solution-focused blockchain. Though the altcoin has fallen far from all-time highs, the crypto trader thinks VET is almost out of its bear market.
“This one is relatively simple. 
Lost the support around $0.045 and started falling down towards the high of the previous cycle in 2020.
Expecting that to be a massive resistance and some sideways action.
Should be relatively done with the bear market.”
Source: CryptoMichNL/Twitter
VeChain is trading for $0.032 at time of writing, up nearly 3% over the last 24 hours.
Van de Poppe also takes a look at the native token of Verasity (VRA), a next-gen video-sharing blockchain platform. Though he says the altcoin has already had a dramatic bear market, the trader foresees VRA re-testing its lower levels before reversing.
“VRA
This one is having a heavy bear market.
The ultimate low could be $0.0035, but that’s depending on the market structure.
Overall, expecting a little more upwards momentum of around 40-60% towards $0.012 for a bearish retest.”
Source: CryptoMichNL/Twitter
Verasity is trading for $0.0088 at time of writing.
Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox 

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines



 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/Motorpig
The post Chainlink (LINK), VeChain (VET) and One More Altcoin Nearing Potential Trend Reversals, Says Top Crypto Analyst appeared first on The Daily Hodl.


Widely followed crypto analyst Michaël van de Poppe says three popular altcoins are nearly ready to bounce back, starting with decentralized oracle network Chainlink (LINK). The crypto trader tells his 601,300 Twitter followers that while LINK&#8217;s price action has been worrisome, he&#8217;s p...

dailyhodl.com

Chainlink (LINK), VeChain (VET) and One More Altcoin Nearing Potential Trend Reversals, Says Top Crypto Analyst

The VeChain Foundation has published its Q1 report, stating that its treasury amassed $1.2 billion in cryptocurrencies by the end of the quarter, a slight drop from $1.38 billion as recorded in Q4 2021. Surprisingly, the foundation behind VeChain only spent roughly 4.1 million during the first three months of 2022 – mainly for business development and operational costs.
Expenses Overshadowed by the Treasury Fund
According to the report, the Foundation ensured investors that its treasury was in a healthy state, with over $1.2 billion assets in stablecoins, ETH, BTC, and VET – VeChain’s native token. Regarding the loss as compared to last quarter, the report said it was caused by “crypto market fluctuations and other VeChain Foundation outgoings.”
Of the $4.1 million outlaid in the first quarter, the Foundation spent $1.8 million on ecosystem business development. These included partnerships, custodians, wallet providers, brokers, community events, and ecosystem project cooperation. This expense accounted for the highest amount spent in the quarter. The next was ecosystem operations which cost around $1.1 million.
Despite the impressively well-managed balance sheet, the Foundation did not provide details regarding its income for the quarter. Transaction fees as distributed between validators and other stakeholders should have made up a critical source of its revenue, but no fee-related data was revealed from the report.
Business Development
As a layer-one blockchain designed to tackle issues in supply chain and sustainability, VeChain continues to expand its blockchain-based carbon management services for countries.
Earlier this week, the project announced a partnership with Amazon Web Service (AWS) to build the VeCarbon emission management software-as-a-service (SaaS) system for serving China’s carbon neutrality goal in 2060.
Earlier, the Foundation launched its first stablecoin VeUSD, developed by Stably and issued by Prime Trust, a Nevada-based trust company. Every VeUSD, fully backed by fiats, pegs 1:1 to the USD. The report noted that $5,249,789 worth of the stablecoin had been minted by the end of Q1.


VeChain Foundation said the project had accelerated its European expansion in Q1 as being ready to hire 1,000 technical staff in Ireland.

cryptopotato.com

VeChain Treasury Held $1.2B in Crypto, Q1 Report States

The supply chain tracking project has a comfortable cushion in its Foundation treasury, but expenditures were very low through the first quarter of 2022.

cointelegraph.com

VeChain Foundation unveils $1.2B crypto treasury… but spent just $4M in Q1

Widely-followed crypto analyst Justin Bennett says Bitcoin (BTC), Ethereum (ETH), and VeChain (VET) should all expect lower lows before their next legs up.
In the latest edition of the trader’s Crypocademy newsletter, Bennett forecasts that BTC will drop to $35,000 before bouncing back up.

“Bitcoin is bouncing today from the $37,600 area, which served as support in late February and March.
However, BTC is also holding below $39,500, which served as support since April 11th before closing below the level on Tuesday.
So I think buyers have to be careful until $39,500 is reclaimed on a daily closing basis.
I continue to think there’s a decent chance Bitcoin tests the $35,000 region before the low is in.
Of course, that will depend on whether or not levels like $37,600 and $39,500 hold or not in the coming days.”
Source: Justin Bennett/Cryptocademy
Bitcoin is trading for $36,229 at time of writing, down 6.84% in the last 24 hours.
Bennett predicts that leading smart contract platform Ethereum will soon test $4,000, but only after tumbling below current levels, first.
“ETH continues to move lower within a descending channel from the April high…
The objective of that structure puts the upcoming low at around $2,500. Time will tell if that comes to fruition or not.
If it does, $2,500 also lines up with the March lows and the bottom of an ascending channel from January.
I think the odds are relatively high that we see ETH retest that $2,500 region before the next leg higher materializes.
If Ethereum bounces there and breaks free from the descending channel in the chart below, I’ll be eyeing a retest of the failed weekly level at $4,000 in the coming months.
That may sound like a lofty target, but markets love to retest failed levels before making their next move.”
Source: Justin Bennett/Cryptocademy
Ethereum is currently trading for $2,710.
Bennett also examines enterprise-solution platform VeChain, which he believes can rally if BTC and ETH do too.
“VET lost the $0.055 handle yesterday, a level it had previously held above on the 18th. That means $0.055 is new resistance.
The next key support for VETUSDT is the $0.044 region, which has supported VET since January.
I’d expect a decent bounce from that region if tested, perhaps back to $0.055 and maybe even higher if BTC and ETH give us a relief rally this summer.
Alternatively, a daily close below $0.044 would open up the next key support at $0.035.”
Source: Justin Bennett/Cryptocademy
VeChain is trading for $0.047 at time of writing, down over 7% on the day.
Bennett also looks at the total crypto market capitalization (TOTAL), indicating the value of the crypto markets as a whole. Even when looking at TOTAL, the trader sees signs that BTC and ETH are heading towards $35,000 and $2,500, respectively.
“The total crypto market cap held on to the support…
That level was right at $1.72T, which was just below yesterday’s close, signaling that it was still intact as key support.
So it was no surprise to see TOTAL rally today and right into the $1.8T resistance area.
I still think the market sees one more leg down before we get a true bottom. For TOTAL, that could mean a move to $1.55T support.
That would likely coincide with a $35,000 BTC and $2,500 ETH.
Alternatively, a daily close above $1.8T would cast doubt on the above scenario.”
Source: Justin Bennett/Cryptocademy
Currently, TOTAL sits at $1.66T.
Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox 

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines


&nbsp




 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/NotjungCG/monkographic
The post Top Crypto Trader Says Bouncing Bitcoin (BTC) To Test Lower Lows, Examines Ethereum (ETH) and VeChain (VET) appeared first on The Daily Hodl.


Widely-followed crypto analyst Justin Bennett says Bitcoin (BTC), Ethereum (ETH), and VeChain (VET) should all expect lower lows before their next legs up. In the latest edition of the trader&#8217;s Crypocademy newsletter, Bennett forecasts that BTC will drop to $35,000 before bouncing back up. ...

Top Crypto Trader Says Bouncing Bitcoin (BTC) To Test Lower Lows, Examines Ethereum (ETH) and VeChain (VET)

Popular crypto analyst and trader Michaël van de Poppe is laying out his predictions for four altcoins in the wake of an extended crypto market correction.
In a new strategy session, Van de Poppe tells his 165,000 YouTube subscribers that looking at past cycles can be a good barometer for what might be on the horizon.

The analyst starts by discussing the price history of decentralized oracle network Chainlink (LINK), noting,
“[In the] previous cycle we’ve had a big run previously and then a long-term accumulation before we started to run back down or before we started to have another rush into Chainlink.
Big run in 2019, Chainlink was one of the big gainers during that period. Big drawdown too, in which we retest this order block [between $1.50-$2.00] before we start to run again.
We did not really test this level [between $1.50-$2.00]… Yes, we did during the March 2020 crash, but we didn’t really test this entire block which was obvious to retest and to actually get entries from. But as you can see in this example, we do not retest there.“
Van de Poppe says LINK is following a similar pattern now to how it was trading in March 2020.
Chainlink is up more than 10% on the day and changing hands for $12.08.
Moving on to decentralized crypto exchange Uniswap (UNI), the chart guru notes that the altcoin has followed the trend of many altcoins during the past year of major price increases followed by a series of drops.
At time of writing, Uniswap is rallying in a big way, up 16.26% and priced at $7.84.
Next up is the supply chain management blockchain VeChain (VET), which the trader notes has been on a good run lately.
“VeChain is also having a good run… And if we’re looking back from the previous run we’ve also had this explosion and then a retest of the previous high and this entire block right. A retest of this block leading towards expansion and continuation, so if you’re looking at the price action in itself the sideways accumulation a retest of the previous high took place here right so in this assumption it doesn’t make sense to go beneath that actual previous high…
I would definitely start accumulating already and the conclusion can be said that we are down 85% and we’re getting into that interesting zone here [$0.03 to $0.04].”
VeChain is also surging, currently up 14.82% with a price tag of $0.053.
Van de Poppe concludes his altcoin deep dive with enterprise-grade blockchain platform Fantom (FTM), saying that investors looking for an entry point should note its periods involving consolidation or sideways accumulation.
Fantom is in the green by 11.51% and valued at $0.84.

I
Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox 

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines


&nbsp




 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/bima aldisa
The post Here’s What’s Next for Chainlink (LINK), Uniswap (UNI), VeChain (VET) and Fantom (FTM), Says Top Crypto Analyst appeared first on The Daily Hodl.


Popular crypto analyst and trader Michaël van de Poppe is laying out his predictions for four altcoins in the wake of an extended crypto market correction. In a new strategy session, Van de Poppe tells his 165,000 YouTube subscribers that looking at past cycles can be a good barometer for what mi...

VeChain price	$0.031473
Low - High 24H	$0.030118 - $0.031501
Market cap	$2.10B
Volume 24H	$135.03M
All time high	$0.280991 -88.79% April 19th 2021
All time low	$0.001917 1543.12% March 13th 2020
Genesis date	N/A

Recently viewed

Trending

VeChain (VET)

Performance

VeChain News

Quick stats