VeChain Trend

VeChain (VET-USD) had an amazing run up to 25 cents before sputtering and retracing to just over 7 cents. It appears to be consolidating. The question that must be asked is, what is going to happen after this phase.

Since VeChain is being developed for supply chain management, I feel its prospects are quite good at becoming a stable alt coin. However, since China has taken a dim view of using Cryptos for speculative gain, this could limit VeChain from exploding in value that some thought could rise to $1 by the end of 2021.

My feeling is that the longer term period of 5 years will see a substantial rise in the value of VeChain compared to the short term of 1 to 2 years.