VeChain [Ven] on the Rise in the Market While Most are Plunging

VeChain (Ven) –With the inconsistency in the market in the last 24hrs, many who are Cryptocurrency or stock newbies market must have run into confusion, but as it stands, Cryptocurrency market is marked with flexibility.

VeChain takes a spike of 8 percent

For most coins in the market today, red has been their change in value color except for the few who are proving resistant. Even though the likes of Bitcoin and others are trying hard to regain form, their color remains red.

Amongst the Cryptocurrencies in the market that stands to appreciate in value today, Vechain remains a prominent one. No gainsaying, Vechain has added massively to itself compared to others.

According to Coinranking, Vechain is the 19th Cryptocurrency on the table by market capitalization. With a 4.54% value rise in the last 24hrs, Vechain is at present priced at $1.80 against Dollars. Starting the last 24hrs with $1.65 price, Vechain’s price throughout the day has been surging. Within the same 24hrs, the cryptocurrency earlier attained a high price of $1.86 before dropping to its present value.

As at the press time, the altcoin has a total market cap of $998.13 million and a 24hrs volume of $42.37 million.

In the last seven days, Vechain has been associated with poor value change. After reaching a high price of $2.04, it plunged by 6.26%. Meanwhile, the starting price of the altcoin within the same period is $1.87.

While the starting value of Vechain in the last 30days seems to be the highest within this period, it has lost 43.81% of its value after starting the period with a high price of $3.19.

According to coinranking, Vechain attained its all-time high price in January 2018, and it was valued at $7.71 against Dollars.

Also, read: VeChain Tackles GDPR Compliance to Ensure VeChainThor is the “Vanguard” for Mass Adoption

Binance pronounces support for Vechain [VEN]

While Vechain swap process from VeChain (VEN) to VeChain Thor (VET) tokens is ongoing, one of the largest crypto exchange in the world has announced its support for the altcoin.

According to the release issued by the crypto exchange, the upgrade process which will begin on 22nd of July will see deposit and withdrawal of the altcoin’s token suspended from 2018/07/22 0:00 AM.

The exchange added that it will resume trading process for the new trading pair VET/BTC, VET/ETH, VET/BNB and VET/USDT at 2018/07/25 4:00 AM (UTC), and it will begin distribution of VET to users at 1 VEN = 100 VET ratio based on their previous balance.