Tag Archives: price

VET crypto price prediction: Will VeChain rise in value?

VET crypto price prediction: Will VeChain rise in value?

VeChain demonstrates the continuing advancement of the blockchain sector.

VeChain is a fully programmable smart contract platform that utilises distributed ledger technology to provide retailers and consumers with the ability to determine a product’s quality and authenticity. In a sense, this enhances supply chain and product lifecycle management processes, while connecting blockchain technology to the real-world.

Founded in 2015 by Sunny Lu, the project’s vision is to build a trust-free and distributed business ecosystem platform to enable transparent information flow, efficient collaboration and high speed value transfers.

More specifically, VeChain ToolChain offers a low-code blockchain-based software as a service (SaaS) platform that allows enterprise clients to build and drive digital transformation on a global scale. Solutions are suited to an enterprise’s specific business needs. VeChain has secured high-profile partnerships with the likes of PwC, Walmart China and BMW Group.

What the VeChain project excels at is enabling businesses to track their products and conduct quality assurance through a unique blockchain-as-a-Service (BaaS) model. This has the potential to both reduce the costs between parties, as well as making business cooperation simpler and more efficient.

In particular, global supply chain suppliers stand to benefit from the integration of blockchain technology since their systems often rely on tracking physical paperwork between siloed parts of a multinational network.

In 2019, multinational retail corporation Walmart announced that it would be partnering with VeChain to streamline product management between its suppliers, stores and customers in China through a traceability strategy.

Earlier this year, the Republic of San Marino approved VeChain’s NFT-based vaccination passport which contains a record of past infections, negative test results and also provides a digital vaccination certificate.

In other VeChain news, the company has worked with the Chinese government to introduce a risk self-assessment application called VeTrust, which is built on the VeChainThor blockchain and combines DNV’s – the classification society and a recognised advisor for the maritime industry – infection risk management methodology.

What is VeChain (VET)?

From product source materials to servicing history, every single piece of information about the supply chain movement of a product can be recorded and verified. VeChain offers a product traceability strategy which covers the life cycle of products from manufacturing, logistics, supply chain, retail and wholesale.

By utilising VeChain’s blockchain-powered platform, businesses can assign products with unique IDs and then track goods and services by embedding this ID in a QR code. This allows manufacturers, supply chain partners and consumers to track the movement of products through their supply chain.

On the VeChainThor platform, there are five main types of participants:

  • Business owners, which includes all kinds of entities such as enterprises, individuals, organizations, departments of governments and regulators
  • Application service providers that help business owners who do not have the individual adequate capabilities to build necessary applicational development and services on the VeChainThor blockchain
  • Enterprises or individuals that are capable of providing technical services to build and run smart contracts for business owners who wish to develop blockchain applications
  • Infrastructure service providers who ensure the integrity of the VeChainThor blockchain network by generating and verifying blocks
  • Members of the VeChain Foundation

The VeChain token (VET) is used to carry value from smart contracts which means that transactions on decentralised applications occurring on VeChain’s blockchain use VET.

The VeChain Foundation has distributed more than 70% of VET tokens (including a portion of burnt tokens) through different processes including private sale, public sale, promotions, business collaborations and marketing activities.

VET price analysis: Technical view

The VET coin started its journey in August 2018, and achieved an all-time high of $0.2782 on 17 April 2021. Only a week earlier, on 10 April 2021, VET had been trading at $0.1335.

However, the price retreated to $0.1589 on 25 April, dropping to as low as $0.07553 on 23 May. This is somewhat of a sharp drop considering that the coin had hit its all-time high just 37 days earlier.

The VET price then consolidated, trading within the $0.06 to $0.09 range until 7 August 2021, when it climbed to $0.1031, hitting $0.1556 on 6 September 2021. The rally was short lived, and the trend reversed when the price dropped to $0.08642 on 29 September 2021.

It’s currently (2 December) trading at around $0.116202. A decisive close above $0.12 would confirm a rally and clearing this crucial barrier could reverse VET’s downward trend.

VET ranks 27th in the list of cryptocurrencies by market capitalisation at $7.6bn. There are more than 64.32bn VET coins in circulation from a total supply of 86bn, according to CoinMarketCap.

Technical analysis provided by CoinCodex shows that short-term sentiment on VET is bearish, with eight indicators displaying bullish signals compared with 18 bearish.

The daily simple and exponential moving averages are giving mostly sell signals, according to data from TradingView, while the relative strength index (RSI) is at 39, as of 2 December. An RSI reading of 30 or below indicates an oversold or undervalued condition. Generally, when the RSI surpasses the horizontal 30 reference level, it could be interpreted as a bullish signal.

The technical analyst at CoinText, Ansh Rathod told Capital.com:

“VET has fallen by over 40% from the highs that it hit last month, however it seems to be taking support from the lower trendline, which could be a reversal zone for the coin. VET has formed several bullish candles at the support level and a break from the $0.129 resistance zone could change this downward trend.”

Blockchain-powered solution focused on supply chain and logistics needs

Last month, VeChain marked a milestone in its seven-year history. The company launched the first phase of its Proof-of-Authority (PoA) 2.0 consensus mechanism, which aims to improve the scalability of the network.

The upgrade allows VeChain transactions to be authorised without the use of mining, thus reducing environmental impact and providing a boost to the project.

According to VeChain, PoA 2.0 combines the Byzantine Fault Tolerance and Nakamoto consensus mechanisms to offer a more secure system, which could lead to wider adoption for the project.

Anndy Lian, chairman of BigONE Exchange and chief digital advisor for Mongolia’s national productivity agenda, believes that the VET token has not yet reached its optimum potential.

“VeChain’s recent upgrade to a Proof-of-Authority (PoA) model is deemed to be more environmentally friendly and this is just the beginning. Many people in my circle are saying that VET’s price could go up during this bullish market but they are yet to invest in the project as they are waiting for the full-scale launch of the upgrade to materialise. I can only say that innovation takes time – let’s be patient.”

What are the risks for the VET token?

While VeChain is a cryptocurrency that powers a network with some revolutionary potential, it’s crucial to take key risks into account and consider the price yourself before you decide to proceed forward. VeChain was launched in 2015, making it a relatively new project.

Also, the PoA system used in VeChainThor lacks the open, permissionless and decentralised nature which is inherent to blockchains, thus posing centralisation risks.

VET token price prediction: Buy, sell or hold?

In terms of a VET coin prediction, algorithm-based forecasting service Wallet Investor gives a positive VET/USD forecast. Based on historical data, Wallet Investor sees the price rising to $0.224 by December 2022, $0.441 in December 2024 and hitting $0.549 by December 2025.

Digital Coin Price supports the bullish VET crypto forecast, expecting the token to grow to $0.2290027113 in 2022, $0.2898387094 in 2025 and hit $0.5757652097 in 2028.

Note that algorithm-based predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before investing. And never invest or trade money you cannot afford to lose.

Original Source: https://capital.com/vechain-vet-coin-prediction

 

What is VeChain?

VeChain is an enterprise blockchain platform that aims to solves some of the major problems with supply chain management. VeChain also plans to become a leading platform for conducting transactions between Internet of Things (IoT) connected devices.

Who invented VeChain?

VeChain was founded in 2015 by Sunny Lu. Lu was the former CIO of Louis Vuitton China.

What is Anndy Lian's view on VeChain now?

VeChain’s recent upgrade to a Proof-of-Authority (PoA) model is deemed to be more environmentally friendly and this is just the beginning. Many people in my circle are saying that VET's price could go up during this bullish market but they are yet to invest in the project as they are waiting for the full-scale launch of the upgrade to materialise. I can only say that innovation takes time - let's be patient.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Shiba inu coin price prediction for 2030: How high will it go?

Shiba inu coin price prediction for 2030: How high will it go?

Shiba inu, a dog-themed meme currency created in August 2020 by the anonymous founder Ryoshi has soared recently, hitting an all-time high last month.

Named after the same breed of Japanese dog featured in dogecoin, shiba inu tagged itself as “the dogecoin killer” when it launched in 2020.

As an ERC-20 altcoin created on the Ethereum blockchain, shiba inu is rooted in community involvement and the project may serve to alter rigid traditional financial structures through the power of collective decentralisation.

According to its white paper, shiba inu is a community-run token led by 120,000 members who participate in spontaneous community building within an ecosystem that is run by its own decentralised exchange (DEX).

The SHIB crypto is the first token to be listed on ShibaSwap, a proprietary DEX which aims to provide an ecosystem where cryptocurrencies can be traded safely.

In May 2021, shiba inu famously sent half of its total supply – 50 trillion coins – to Ethereum creator Vitalik Buterin through his publicly available ETH address.

Buterin then burned 90% of the shiba inu tokens in his possession, which amounted to a total sum of $6bn, according to data from Ethereum, and donated the remaining coins to a Covid-19 relief fund in India.

This week crypto exchange Kraken listed shiba inu, which is now tradeable against the US dollar and the euro with a trading minimum of 50,000 shiba inu. The exchange noted a price precision of eight decimal places and a quantity precision of five decimal places.

At the start of this month, Kraken teased that it would list the SHIB coin if one of its posts on Twitter received 2,000 likes but the post ended up garnering over 80,000 likes.

What’s more, shiba inu entered into the top 10 biggest cryptocurrencies on 28 October 2021 as the eighth highest-ranking coin on CoinMarketCap, jumping ahead of dogecoin and polkadot, though it has since fallen back to 12th place.

SHIB price analysis: Technical view

On 9 May this year when Elon Musk criticised dogecoin, labelling it as a “hustle” during an appearance on Saturday Night Live, SHIB rallied to $0.00001842, hitting $0.00003208 on 11 May 2021.

The price then consolidated, trading within the $0.000006 to $0.000008 range until 7 October 2021, when it climbed to $0.00003112.

On 28 October this year, SHIB achieved the all-time high of $0.0000844, a rise of 173% over the preceding seven days. Only a week earlier, on 18 October 2021, SHIB had been trading at $0.00002829.

However, the price retreated to $0.00004459 on 4 November 2021, dropping to as low as $0.00003821 on 24 November – quite a sharp fall considering that the coin had hit its all-time high just 28 days earlier.

The price of SHIB has since climbed to $0.0000538 on 30 November 2021. This latest rebound activated a bull flag pattern when SHIB’s price broke above the flag’s upper trendline. This price rebound on 30 November 2021 could be attributed to SHIB being listed on Kraken that same day.

Based on a year-ago price of $0.000000000173 on 8 November 2020, SHIB is up more than 80,000,000% over the past year. On 30 November 2021, SHIB’s price climbed by more than 30% to $0.0000538, a surge that comes in the wake of broader price rebounds across other well-known crypto assets, though it fell back to $0.00004622 on 1 December.

Create a trading account in less than 3 min

Create account

Technical analysis provided by CoinCodex shows that short-term sentiment on SHIB is bullish, with 20 indicators displaying bullish signals compared with five bearish.

The daily simple and exponential moving averages are giving strong buy signals, according to data from TradingView, while the relative strength index (RSI) is at 50.59 as of 1 December 2021.

An RSI reading of 70 or above indicates that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price.

Catalysts for SHIB’s price

A number of catalysts have contributed to SHIB’s growth. Although Elon Musk has not publicly acknowledged the token, he sent a cryptic text-based image of a dog holding a rocket on 18 October this year which was interpreted as a reference to the “to the moon” symbol, which led to a 20% rise in shiba inu’s price.

In the same month, on 4 October, SHIB gained further traction after Musk posted a picture of his own shiba inu, Floki, on Twitter.

Earlier this year, Elon Musk criticised SHIB’s main rival dogecoin, labelling it as a “hustle” during an appearance on Saturday Night Live, which provided a boost to the SHIB coin.

Also, a recent petition listed on Change.org which urges the Robinhood trading platform to list SHIB has become one of the highest ranking petitions on the platform, garnering over a million signatures.

Finally, in July this year, ShibaSwap was launched, which has further helped liquidity by allowing hodlers to stake their coins.

Anndy Lian, the chairman of BigONE Exchange, and the chief digital advisor for Mongolia’s national productivity agenda, believes that shiba inu has made its mark on the cryptocurrency space.

“Shiba inu could soon surpass dogecoin. The key selling point is not just the price of the coin. I look at utility and community and shiba inu’s community is very strong,” Lian told capital.com.
“The cryptocurrency market is still growing and its hype is based on themes. In the mid 2021, it was all about utility but we have seen a shift to meme-themed cryptos, GameFi and the metaverse. I believe there will be another exit pump for meme coins in this bull-market run,” Lian added.
“Meme coins should be analysed collectively. If there are more credible meme coins in the space which are performing well in their respective fields, the whole meme market will grow, including SHIB. Good competition and rising stars like FLOKI, KISHU, ELON, AKITA and SAITAMA could further challenge the cryptosystem. Let’s unite to grow the space – not just the coin,” Lian concluded.

What are the risks affecting the Shiba coin outlook for 2030?

As an ERC-20 token created on the Ethereum blockchain, SHIB faces high transaction fees and proceeding delays that are common on the blockchain network. For example, the average fee on Ethereum is currently $46.12, according to data from BitInfoCharts.

Also SHIB lacks real-world utility since only 372 merchants worldwide are accepting it as a payment, according to Cryptwerk – a scarcity which affects the shiba inu forecast. This risk is only intensified by the fact that in the past month alone, more than 1,900 new cryptocurrencies were listed on CoinMarketCap.

According to Whale Stats, a crypto whale under the alias Gimli, recently bought 24.8bn SHIB tokens in a purchase worth around $1m, which prompts concerns about the high concentration of coins in few hands.

Shiba coin price prediction for 2030

In terms of a SHIB coin price prediction (2030), algorithm-based forecasting service Wallet Investor gives a positive SHIB/USD forecast. Based on historical data, Wallet Investor sees the price rising to $0.000089 by November 2022, $0.000189 in November 2024 and hitting $0.000289 by November 2026.

Digital Coin Price supports the bullish SHIB coin price prediction, expecting the token to grow to $0.0000872413 in 2022, $0.0001369933 in 2025 and hit $0.0002061220 in 2028.

For a longer-term shiba inu coin price target, Coin Price Forecast predicts that the SHIB price could reach $0.00085111 by the end of 2030, while Price Prediction sees it reaching a maximum possible level of $0.001 by 2030.

The senior editor at OKEx, Hunain Naseer told Capital.com:

“SHIB is up after about a month-long downward price action post its ATH at the end of October this year. This recent price surge comes at the back of news about a metaverse shiba inu game reportedly set to be developed by a triple-A game studio. While details about the studio haven’t been revealed yet, gaming industry veteran William Volk has also joined the project, giving it more credibility”.
“As plans for this game continue to materialise, we could see SHIB surge in price. However, the speculative nature of the coin and its massive price spike this year remains a risk factor to be considered by potential investors.”

Note that cryptocurrencies are highly volatile and predictions are very often wrong. Forecasts shouldn’t be used as a substitute for your own research. Remember that your decision should be based on your attitude to risk, your expertise in this market, the spread of your portfolio and how comfortable you feel about losing money. Never invest more than you can afford to lose and keep in mind that past performance is no guarantee of future returns.

 

Original Source: https://capital.com/shiba-inu-price-prediction-for-2030

How can I buy Shiba Inu token?

The simplest option is to buy Metamask to buy the token. When you click the buy button, you will be taken to a page with several options where you can purchase ether using your debit or credit card. When this is completed, you can swap ether (ETH) for shiba inu coin (SHIB) on ShibaSwap. Or you can head down to centralised exchanged such as Binance to buy it. Binance supports the deposit of more than 300 cryptocurrencies, several of which you can exchange for Shiba coin at some of the best rates in the market. You can directly purchase Shiba coin with credit card or debit card on Binance.

Who is Shiba Inu token?

Shiba Inu token (ticker: SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or group known as Ryoshi. It is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem.

What is Anndy Lian's view on Shiba Inu token now?

Shiba inu could soon surpass dogecoin. The key selling point is not just the price of the coin. I look at utility and community and shiba inu’s community is very strong.

What is Anndy Lian's view on meme coins now?

The cryptocurrency market is still growing and its hype is based on themes. In the mid 2021, it was all about utility but we have seen a shift to meme-themed cryptos, GameFi and the metaverse. I believe there will be another exit pump for meme coins in this bull-market run. Meme coins should be analysed collectively. If there are more credible meme coins in the space which are performing well in their respective fields, the whole meme market will grow, including SHIB. Good competition and rising stars like FLOKI, KISHU, ELON, AKITA and SAITAMA could further challenge the cryptosystem. Let's unite to grow the space – not just the coin.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Thanks Koin Bülteni for taking my comments on short term Bitcoin trends “May See a Decrease in Price.”

Thanks Koin Bülteni for taking my comments on short term Bitcoin trends “May See a Decrease in Price.”

Thanks İlkyaz Taşdemir, editor of Koin Bülteni for taking in my comments on my observations for Bitcoin.

Quoted from the article:

“Anndy Lian , who works in the field of blockchain , is also one of those waiting for dump. Lian explained that Bitcoin whales are transferring money to various exchanges, so a dump scenario can be seen in the short term. However, he said that the BTC price could go down as well.”

 

Original article in Turkish:

Ki Young: Bitcoin Balinaları Harekete Geçti, Dump Gelebilir

CryptoQuant CEO’su, Bitcoin balinalarının harekete geçtiğini söyledi ve yakında dump gelebilme ihtimaline karşı yatırımcıları uyardı. CEO’ya göre dump, kısa vadede gerçekleşebilir.

CryptoQuant CEO’su Ki Young Ju, yeni Bitcoin yorumuyla yatırımcıları dump konusunda uyardı. Tavsiye dışı olarak analizlerini aktaran CEO, Bitcoin balinalarının borsalara yüklü miktarda para aktardığını gösterdi. Paylaştığı grafikteki kırmızı danger zone‘a dikkat çeken Ki Young, kısa vadede dump geleceğine inandığını belirtti.

“All Exchanges Inflow Mean (144-block MA / Tüm borsalara yapılan giriş akışının ortalaması) 2 BTC’yi geçti. Sanırım tehlikeli bir bölgedeyiz. Balinalar borsalarda aktif olduğunda fiyat muhtemelen yatay seyredecek veya düşecektir.”

26 Kasım tarihinde de All Exchanges Inflow Mean’i (144-block MA) paylaşarak düzeltme beklediğini söyleyen CEO, şunları söylemişti:

“Bitcoin’e daha fazla düzeltme gelebilir. All Exchanges Inflow Mean hala yüksek. BTC, Aralık ayına kadar 20 bin doları kıracaktır.”

Balinalar altcoin alıyor olabilir mi?
Bitcoin maksimalisti ve melek yatırımcı WhalePanda, Ki Young’un açıklamasına farklı bir bakış açısı getirdi. WhalePanda, balinalar için “Belki de altcoin alıyorlardır.” yorumunda bulundu.

John Cho isimli bir kullanıcı da WhalePanda gibi altcoin konusuna değinerek bir yorum getirdi. Cho, balinaların altcoinlere yönelmiş olabileceğini öne sürerek “Sanırım altcoinlerde satış yapmak istiyorlar.” dedi.

Blockchain alanında çalışmaları bulunan Anndy Lian da dump bekleyenlerden. Lian, Bitcoin balinalarının çeşitli borsalara para transfer ettiğini, bu nedenle kısa vadede bir dump senaryosu görülebileceğini açıkladı. Bununla birlikte, BTC fiyatının da düşüşe geçebileceğini söyledi.

 

 

Translated from Turkish into English:

Ki Young: Bitcoin Whales Take Action, Dump May Come

The CryptoQuant CEO said Bitcoin whales are on the move and warned investors of the possibility of a dump soon . According to the CEO, dump can happen in the short term.

CryptoQuant CEO Ki Young Ju has warned investors of dumping with his new Bitcoin comment . Transferring his analysis without advice, the CEO showed that Bitcoin whales are transferring large amounts of money to the stock markets. Drawing attention to the red danger zone in the graphic he shared , Ki Young stated that he believes dump will come in the short term.

“ All Exchanges Inflow Mean (144-block MA / Average of inflow to all exchanges) exceeded 2 BTC. I think we are in a dangerous area. When the whales are active on the stock market, the price will likely go sideways or drop.

Stating that he is waiting for a correction by sharing All Exchanges Inflow Mean (144-block MA) on November 26, the CEO said:

“More corrections may come to Bitcoin. All Exchanges Inflow Mean is still high. BTC will break $ 20,000 by December. ”

Could whales be buying altcoins?
Bitcoin maximalist and angel investor WhalePanda brought a different perspective to Ki Young’s statement. WhalePanda says for the whales, “ Maybe they are buying altcoins. He commented .

A user named John Cho also made a comment by mentioning the subject of altcoin like WhalePanda. “ I think they want to sell in altcoins, ” Cho said, suggesting that the whales may have turned to altcoins. ” He said .

Anndy Lian , who works in the field of blockchain , is also one of those waiting for dump. Lian explained that Bitcoin whales are transferring money to various exchanges, so a dump scenario can be seen in the short term. However, he said that the BTC price could go down as well.

 

Screen capture:

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j