Even though it appears as if more bearish momentum is looming on the horizon, some cryptocurrencies are still moving up nicely. VeChain is an interesting example in this regard, primarily because the current gains are quite severe. Although it remains to be seen how long this VeChain price will remain intact, a gift horse should never be looked in the mouth.
VeChain Price Momentum picks up Speed
With Bitcoin is still stuck in sideways trading and both ETH and XRP slowly lose value, it seems things are not looking too great for most cryptocurrencies, tokens, and assets. That doesn’t necessarily mean all markets will go through a bearish phase at this time, as VeChain clearly shows. It is one of the few markets successfully making a positive impact. Based On the current circumstances, this uptrend may not necessarily remain in place for long, though.
To put this in perspective, the VeChain price has noted a 6% gain across the board. In USD terms, the price is pushed up to $0.004567. The VET/BTC ratio looks a bit bleak at 117…