fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Wednesday, May 31, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
No Result
View All Result
Online Crypto College
No Result
View All Result

Here’s Why the UFC deal is not improving VET’s price

June 11, 2022
in Altcoin
Reading Time: 5 mins read
A A
Here’s Why the UFC deal is not improving VET’s price
ShareShareShareShareShare

Related articles

‘Zero’ Tokens Burned in 24-Hour Period

‘Zero’ Tokens Burned in 24-Hour Period

May 31, 2023
Western inflation re-accelerates in 2023

Western inflation re-accelerates in 2023

May 31, 2023

The VeChain foundation landed a massive deal with the UFC after the project became the organization’s official layer 1 blockchain partner. The deal in place is worth over $100 million spread across 5 years. However, the asset barely moved a muscle in the market, as its daily growth registered a minor 1.2% hike.

In this article, we will try to analyze if the partnership could have a compounding effect on VET’s price and if there is a possibility of a recovery run.

VeChain Price Analysis

Source: Trading View

Since the beginning of May, Vechain’s price direction has been extremely indecisive. The asset has consolidated between $0.034 and $0.028, with both extremes being tested one time or the other. After the UFC announcement, not much changed for the asset from a recovery perspective. In fact, at press time, a minor bearish divergence can be observed which might lead to another retest of the support at $0.028. At press time, the 4-hour chart is registering a recovery but the momentum remains low.

According to the chart above, the Relative Strength Index is forming lower highs, while the price created higher highs. This disparity is usually bearish in nature.

Source: Trading View

In terms of indicators, Awesome Oscillator indicated that the trend was becoming more bearish at the moment. Bearish momentum had started to pick up which might lead to further corrections.

Chaikin Money Flow also suggested a bearish sentiment which means more money is flowing out of the ecosystem than coming in.

Why is VET not responding to the positive development?

The UFC deal is massively fruitful for VeChain but it is a development for the future and presently there is a lack of liquidity in the entire market. With Bitcoin losing value in the market as well, there is more distribution between VET investors as well. Accumulation is not taking place in this volatile market and partnership announcements are hardly a needle-moving situation.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Bitcoin’s Price to Skyrocket by the Year’s End, Predicts deVere Group CEO

Next Post

Nigerian Court Sentences Crypto Fraudster to One Year in Jail, Accused Given Option to Pay Fine – Bitcoin News

Related Posts

‘Zero’ Tokens Burned in 24-Hour Period

‘Zero’ Tokens Burned in 24-Hour Period

May 31, 2023

The Shiba Inu community has been actively engaging in the reduction of tokens from the available supply. To date, an...

Western inflation re-accelerates in 2023

Western inflation re-accelerates in 2023

May 31, 2023

Quick Take Many Western countries are beginning to see a re-acceleration of inflation as negative real rates (meaning that interest...

VET Price Prediction for June 2023

VET Price Prediction for June 2023

May 31, 2023

VeChain had a stellar start in 2023 as it doubled in price between January to early March. It went from...

Wall Street firms to take on Binance, Coinbase, other crypto-native exchanges

Wall Street firms to take on Binance, Coinbase, other crypto-native exchanges

May 31, 2023

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connected to AlphaWelcome!...

Dogecoin Millionaire Declares Pepe Coin ‘Dead’

Dogecoin Millionaire Declares Pepe Coin ‘Dead’

May 31, 2023

Pepe Coin made its crypto market debut last month. Right after its launch, it managed to garner attention and become...

Load More
Next Post
Nigerian Court Sentences Crypto Fraudster to One Year in Jail, Accused Given Option to Pay Fine – Bitcoin News

Nigerian Court Sentences Crypto Fraudster to One Year in Jail, Accused Given Option to Pay Fine – Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Binance CEO highlights timing of Beijing’s web3 white paper amid China, Hong Kong crypto regulatory changes – CryptoSlate

Binance CEO highlights timing of Beijing’s web3 white paper amid China, Hong Kong crypto regulatory changes – CryptoSlate

May 27, 2023
New Addresses Take Conflicting Positions

New Addresses Take Conflicting Positions

May 30, 2023
Monaco, NFTs, And Formula 1: Reasons Polygon Is Bullish

Monaco, NFTs, And Formula 1: Reasons Polygon Is Bullish

May 28, 2023
You Won't Believe Which Cryptocurrencies Are Not Securities – BeInCrypto

You Won't Believe Which Cryptocurrencies Are Not Securities – BeInCrypto

May 24, 2023
Avalanche: What a new update will mean for AVAX

Avalanche: What a new update will mean for AVAX

May 30, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • Top Crypto Influencer Expresses Doubt over Ripple’s Triumph in SEC Lawsuit
  • How Do Regulations Affect the Cryptocurrency Market? – Block Telegraph
  • ‘Zero’ Tokens Burned in 24-Hour Period
  • Bitcoin Wealth Is Transferring From Old To New Hands, Why This Is Positive
  • Nansen Lays Off 30% Of Workforce
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • DipSnyper Bot

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$26,999.00-2.39%
  • ethereumEthereum(ETH)$1,862.10-1.92%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.08%
  • binancecoinBNB(BNB)$306.14-1.73%
  • usd-coinUSD Coin(USDC)$1.000.45%
  • rippleXRP(XRP)$0.512.71%
  • cardanoCardano(ADA)$0.373796-0.77%
  • staked-etherLido Staked Ether(STETH)$1,862.05-1.89%
  • dogecoinDogecoin(DOGE)$0.071205-1.56%
  • matic-networkPolygon(MATIC)$0.89-0.43%
  • solanaSolana(SOL)$20.55-1.89%
  • tronTRON(TRX)$0.075515-0.76%
  • polkadotPolkadot(DOT)$5.30-2.56%
  • litecoinLitecoin(LTC)$89.31-2.50%
  • binance-usdBinance USD(BUSD)$1.00-0.15%
  • shiba-inuShiba Inu(SHIB)$0.000008-3.73%
  • avalanche-2Avalanche(AVAX)$14.08-2.47%
  • daiDai(DAI)$1.000.16%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,054.00-2.43%
  • uniswapUniswap(UNI)$5.05-1.45%
  • chainlinkChainlink(LINK)$6.47-1.23%
  • leo-tokenLEO Token(LEO)$3.520.11%
  • cosmosCosmos Hub(ATOM)$10.50-2.74%
  • ToncoinToncoin(TON)$1.850.05%
  • okbOKB(OKB)$45.36-3.74%
  • moneroMonero(XMR)$149.29-2.53%
  • ethereum-classicEthereum Classic(ETC)$17.97-1.35%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • stellarStellar(XLM)$0.0905781.70%
  • bitcoin-cashBitcoin Cash(BCH)$112.70-1.53%
  • internet-computerInternet Computer(ICP)$4.68-3.02%
  • true-usdTrueUSD(TUSD)$1.000.20%
  • filecoinFilecoin(FIL)$4.65-2.37%
  • lido-daoLido DAO(LDO)$2.08-5.07%
  • quant-networkQuant(QNT)$116.662.70%
  • AptosAptos(APT)$8.31-1.37%
  • hedera-hashgraphHedera(HBAR)$0.051394-3.23%
  • crypto-com-chainCronos(CRO)$0.059564-1.05%
  • vechainVeChain(VET)$0.020452-0.96%
  • ArbitrumArbitrum(ARB)$1.16-5.61%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • nearNEAR Protocol(NEAR)$1.57-2.72%
  • the-graphThe Graph(GRT)$0.1341833.78%
  • apecoinApeCoin(APE)$3.14-1.74%
  • algorandAlgorand(ALGO)$0.147622-2.37%
  • paxos-standardPax Dollar(USDP)$1.000.27%
  • fraxFrax(FRAX)$1.00-0.03%
  • EdgecoinEdgecoin(EDGT)$1.000.19%
  • the-sandboxThe Sandbox(SAND)$0.53-2.84%