VeChain Price Prediction: Is VET Looking Bullish Before 2020?

The VeChain (VET) cryptocurrency is one of the rare trendsetters in the altcoin news and rumors with not much stories or developments behind it. However, all of this has changed this last quarter of 2019 and we can see that in the wave of updates, a new VeChain price prediction was established by a couple of analysts.

To begin with, there are three partnerships which VeChain investors should know about. First of them is the one with China as the world’s largest emitter of greenhouse gases. Recently, they decided to come up with a system that will reduce the emission – naming it Carbon Bank Project which is linked to VeChain and its partnership with BYD, China’s largest electric vehicle manufacturer.

Knowing that China is bullish on blockchain, a VeChain price prediction that is positive and with rallies as the new year approaches is quite realistic. According to one of the most popular Bitcoin evangelists, Roger Ver, the VeChain news have a bright future.

Ver argued that the platform’s main mission is to solve real-world problems and has applications serving a lot of industries. He also said that as much as he is interested in the blockchain, VeChain offers exciting ways of using them to stop counterfeit goods and make the P2P permissionless markets more trustworthy.

Tim Draper is another big icon in the crypto world who gave a VeChain price prediction and joined the team early last year. He even said that the platform has a similar vision as the future of cryptocurrencies and blockchain solutions.

This month alone, the price of VeChain surged more than 100% and for the first time since the summer of 2018, VET broke the 200-day exponential moving average (EMA). No one could have made such VeChain price prediction but within a couple of weeks, the coin also managed to break its 14-month long downward trend.

Currently, the price of VET is sitting at around $0.0056 and is looking bullish. The market is in a good sentiment this Sunday too and based on the factors considered, a solid VeChain price prediction would come only if the current rally sustains and moves to 2020 with the same sentiment.