VET Trend

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I have conducted research on the VET project in terms of its recent development, both business and technical. Due to reasons connected to the company's recent decisions, together with the trend of the VET market in the past two Q's, I believe the market would continue the current bull trend, at least up until July. Due to missing data on my chart for previous price movement, I've used 25th of each 3rd month in order to form my alternative quarter periods for this chart. The first two are following a downtrend, which leaves me with the overall assumption that the VET token was undervalued by the majority during the specified period. AS you can see, the recent trend shows us the opposite, as the market enters what I believe to be a positive movement cycle for its mid-term price development.

Additional factors which are taken under consideration during this analysis:

• Don Tapscott speaks about the supply chain industry, its market evaluation, and potential blockchain applications.
  
• PwC is closely related to the project.
  
• VeChain technology innovation in the supply chain industry.
  

At the moment of publishing this idea, I am fairly confident for the mid and long-term (3Y+) development of the VET market would follow a positive price movement and appreciation.


As always, feedback would be greatly appreciated.

This publication is not a piece of financial or legal advice. Always do your own research before investing your capital.

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ملاحظة

May 31st, 2020.
I decided to revisit my trade approximately one year ago in regards to longing VET. Since the past 14 weeks, VET, as all know by now, has received a futures contract on presumably one of biggest altcoin trading platforms at this time - Binance. The normal swap contracts follow the pair VETUSDT, and is one of two pairs currently with a futures contract, with a price lower than 0.01USDT.

Why does this matter so much?
The price of the contract is important, as it allows more traders to improve their P&L due to the quantity of actively traded contracts. This intern brings more exposure to the trading pair, and to some degree a level of credibility to the underlying asset. As with most new swaps in an exchange, the contract has lost approximately 12.5% of its initial traded price (difference seen in the 1W chart).

As of the time of writing this comment, the contract's value has grown ~ 40% for the past 3 days. Comparison for the same period with some of the other swaps on the platform can be seen here -

The pair still has a negative correlation to all other swaps within the Binance platform, with numbers between -0.05 to -0.60. The negative correlation may however be seen due to the "youth" of the contract in relation to the other swaps.