VeChain: September 2023 Price Prediction for VET

VeChain is currently trading at $0.015 levels and is moving backward in the indices this month. VET is among the least-performing cryptocurrencies in 2023, as the digital asset is relentlessly shedding its value. It doubled in price in Q1, rising from a low of $0.015 to reaching a high of $0.032. However, it is now back to its early 2023 levels, as VET experienced more downturns than rallies in the last five months.

Also Read: Shiba Inu: SHIB Price Prediction for September 2023

Source: Coingecko

So, will VET shed its baggage and reach greener pastures in the next month? In this article, we will highlight how high VeChain may perform in September 2023.

VeChain: VET Price Prediction September 2023

vechain vet
Source: Twitter

Leading on-chain metrics and price prediction firm CoinCodex has painted a bearish picture for VeChain for September. Though VET could remain in the green next month at its current price, the margin is too slim to initiate a sell-off. According to the forecast, VET could rise a mere 3% from $0.015 and reach $0.016 by the end of September.

Also Read: Ripple Price Prediction: Here’s When XRP Could Breach $1

Source: coincodex

Therefore, the VET could trade on the razor’s edge, giving investors little to no room to transact in profits. The technical Analysis for VET is also bearish, with 97% of investor sentiments in the red and only 3% in the green. The forecast also pointed toward the ‘sell’ and not the ‘buy’ option, making VeChain remain bearish next month.

Source: coincodex

Also Read: BRICS GDP Reaches $31 Trillion With New Members

Its price failed to spike this year despite the VeChain Foundation signing multiple business deals with leading global brands. The foundation will provide supply chain and logistics solutions using blockchain technology. Read here to know how many brands the Foundation partnered with in 2023.

At press time, VeChain was trading at $0.015 and was down close to 1% in the 24-hour day trade. VET is also down nearly 95% from its all-time high of $0.28, which it reached in April 2021.

  • VeChain
  • VET

Comments

Post a Comment

Popular posts from this blog

Tron rising as Rebel Satoshi’s Early Bird presale phase sells out

Rebel Satoshi presale ongoing.  Supporters bullish on RBLZ  TRON could soar to $0.2 in 2024. Tron (TRX) is on a tear, but some analysts are still skeptical. Amid this, Rebel Satoshi (RBLZ), a new crypto project, has caught the attention of investors. Rebel Satoshi draws investors Rebel Satoshi has been attracting investors with its unique blend of a meme coin and a movement focused on reshaping the crypto landscape.  As investors seek alternatives to underperforming assets, they are drawn to Rebel Satoshi’s narrative and Features . At the heart of Rebel Satoshi lies RBLZ, a governance and membership token. You might also like: Analysts focus on Rebel Satoshi, Shiba Inu, and Zcash ahead of crypto bull run Holding RBLZ grants a stake in the movement and provides access to quests, rewards, and a community dedicated to shaping a fully decentralized crypto future. The early stages of Rebel Satoshi’s public presale have seen over 10 million tokens sold within just 48 ho
Read more

Rebase Tokens: What Are They & How Do They Work?

Image
If you're interested in cryptocurrency, you've probably noticed that the price of many digital assets can be highly volatile. This can make it challenging to use cryptocurrency as a means of exchange or as a store of value. Rebase tokens, also known as elastic tokens, seek to offer a solution to this problem.  In this article, we'll explore what rebase tokens are, how they work, and whether or not they might be a good investment for you.  What Are Rebase/Elastic Tokens? Rebase tokens are a type of cryptocurrency that adjusts their supply to maintain price stability. This is in contrast to traditional cryptocurrencies, which have a fixed supply determined at the time of their creation. Rebase tokens achieve price stability through a process known as a "rebase," which is triggered at regular intervals (e.g., every 24 hours). During a rebase, the supply of the token is adjusted based on a predetermined formula.  For example, if the demand for a re
Read more

Lloyds Bank issues urgent warning of crypto scams in the UK

Image
A recent press release issued by Britain’s Lloyds Bank shares that crypto scams that have surged 23% over the course of the year. Young investors between the ages of 25 and 34 years old are said to be the most prevalent target for these attacks. Social media home base The press release goes on to report victims of crypto investment scams are facing an average loss of £10,741, marking an increase from the previous year’s £7,010.  Additional data goes on to state that 66% of all investment scams originate on social media platforms, with Instagram and Facebook emerging as the primary sources. You might also like: Kraken helps UK police in recovering $2m in stolen crypto Crypto investors were then said to make an average of three payments before realizing they were involved in a scam, meaning that it would often take 100 days from the date of the first transaction before a report was issued to the bank. Unfortunately, by the time it was, Lloyds shares that the money is ty
Read more