For three days VET has been consolidating around its 200SMA ~ $0.085. VET announced its new regulated stable coin $VeUSD. Now as BTC and ETH fall VET is showing strength. There is slowly and subtly divergence between certain small util and promising blockchain protocols/tokens and the large cap coins i.e BTC,ETH.
If given the volatility we can remain over the 200 & 100 SMA I am expecting short term bullish price action if the demand around .09 can continue to take out the supply. Long term I think VET has the potential to steal market cap from other less efficient, less secure and overly expensive payment protocols. Ultimately I believe the large scale institutions will be able to apply and coexist with blockchain protocols that provide solutions to our modern problems such as data storage, logistics management & financial payment, lending/saving/ credit solutions.
VETPERP
If given the volatility we can remain over the 200 & 100 SMA I am expecting short term bullish price action if the demand around .09 can continue to take out the supply. Long term I think VET has the potential to steal market cap from other less efficient, less secure and overly expensive payment protocols. Ultimately I believe the large scale institutions will be able to apply and coexist with blockchain protocols that provide solutions to our modern problems such as data storage, logistics management & financial payment, lending/saving/ credit solutions.
VETPERP
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