Ven has been one of my favorite projects in the cryptocurrency space since I started researching it in December 2017. It is a relatively new cryptocurrency and still has much to prove. However, I see huge potential in this project.
Currently (03.04.2018) the price is hovering in the $4-$5 range. This is well below the all time high of around $9.
Current Chart:
As we can see, it is currently in a downtrend. It is always hard to predict short term movements in the market. However, I believe in the long term, Vechain will be priced much higher in the future.
Many companies are starting to adopt Vechain. Recently, BMW and Vechain officially announced a partnership. A large reason why the price of VEN is not higher is because the Vechain Enterprise Investor Pool is currently selling VEN directly to their partners. This artificially suppresses the price of VEN because it is not being bought on the open market. VEN tokens will only be available on the open market once the Vechain Enterprise Investor Pool sells their remaining VEN.
I believe this would lead to a significant increase in the price of each VEN token. I also believe this could take some time and may not happen until 2019. For this reason, I am holding VEN for the long term.
Remember to invest responsibly and only invest what you can afford to lose. Nothing is certain so only invest after you have done sufficient research into what you are buying and understand the risks involved.
Here is a link that shows some of Vechain's accomplishments: https://steemit.com/minnowsupportproject/@shaheerbari/vechain-potential
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