Most traders come to the cryptocurrency market in search of digital assets that promise high and extremely high returns, which is achieved, among other things, through volatility that is inherent to this space. And even though the capability of most cryptocurrencies to showcase tremendous gains has been hampered by recent crises, they still remain the point of attraction for those who see this market as a good alternative to stocks, Forex, and other traditional markets. Therefore, volatility represents an immensely important aspect of trading.
Crypto Rating always factors in when analyzing the price of VeChain and offering short, medium and long-term price prediction with regard to this and other cryptocurrency markets, using our proprietary algorithm that successfully incorporates artificial intelligence, specifically deep learning mechanisms. For this purpose, we employ the Crypto Volatility Index (CVIX) that provides a profound insight into the underlying sentiments in the VeChain market as it accurately depicts the mood of the participants.
Presently, the Crypto Volatility Index associated with the VeChain market is 1, which shows the absence of sharp or even medium price fluctuations, hence the volatility is low. The current price of VeChain is $0, established on the back of the 0% increase in the last 24 hours. In the past 30 days, the price of VeChain has increased by 0%, while its accomplishments on the 1-year time frame amount to 0%.
But before delving into a more detailed VeChain price prediction, we would like to offer a short recap of the history of CVIX, the mechanism of its calculation, and also a few important tips on how to trade when CVIX is low.
In fact, it was the representative of the traditional markets, the Chicago Board Options Exchange, that served as a birthplace of the said indicator. The primary purpose of the Crypto Volatility Index is to efficiently measure the expectations of market participants concerning the price movement of the S&P 500 index over the coming 30 days. A quick reminder that the S&P 500 is arguably the most important equity index that reflects the performance of America’s top 500 corporations, such as Google, Facebook, and Apple.
Options are the financial instrument, the contracts that afford their holders the right to purchase or sell certain assets at the strike price before or at a predesignated time in the future. There are two types of options: a call option, which implies that the holder expects the price to rise over the next 30 days, and a put option that, conversely, showcases that the holder reckons that the value of the underlying asset will depreciate in the said period.
Since options are usually issued on a monthly basis, the Crypto Volatility Index effectively reflects the 30-day forward-looking volatility. The amount of put options present in the market at a given time plays a key role in determining the value of CVIX because it indicates the degree of negative tension among market participants that we simply call the fear, the main driving force behind the volatility. Basically, that is why the Crypto Volatility Index has also been dubbed the Fear Gauge.
We have incorporated CVIX into our price prediction model because a) it is arguably the most effective instrument for determining the crowd expectations, a critical element of price movement; b) the index also taking into account the occurrences in the S&P 500 market that has a proven, and increasing, correlation with the price action of Bitcoin, a dominant cryptocurrency that exerts a profound impact on the altcoin market, including that of VeChain.
Just two weeks ago, the historical one-month correlation of Bitcoin to the S&P 500 reached the record-high 0.79. On the multi-year time frame, the coefficient currently stands at 0.37.
We have used the original CVIX as the foundation and added the showings derived from the market of cryptocurrency derivatives that has been developing dynamically over the last couple of years.
To summarize, the Crypto Volatility Index displays how fearful are the market participants of the price of VeChain dropping significantly over the next 30 days, which is synonymous with expected negative volatility. If CVIX is high, it flashes red and signals about the increased probability of sharp price fluctuations. The green CVIX, on the other hand, means that the participants expect the market to remain calm and predictable over the said period of time.
Right now, the Crypto Volatility Index associated with the VeChain market is 1, meaning that the expected volatility for the next 7-10 days is at its lowest values; thus, the price fluctuations would be insignificant.
Our VeChain price prediction algorithm takes account of not only the reading of the Crypto Volatility Index but also the all-encompassing data of historical price behavior, fundamental characteristics of VeChain and the prospects of project’s future development, the emerging candlestick patterns, as well as the signals coming from both leading and lagging indicators that also afford us an opportunity to foresee the measure of volatility and predict the following price action. On that basis of that, we anticipate that the price of VeChain will change as follows:
In 1 day, the price of VeChain will be $0, the 0% change from where it stands now;
In 7 days, VeChain is rise in value by 0%;
In 30 days, the value of VeChain will experience the 0% appreciation;
In 1 year, the price of VeChain will stand at $0.000001, the 40.00% from its current value;
In 5 years, VeChain will cost $0.000007, after traveling 640.00% to the upside.
Here are some tips on how to trade VeChain during the current period of low volatility that is going to prevail in this market in the near future.
Remember that VeChain price prediction offered by Crypto Rating is not financial advice or a call to action. We provide a comprehensive analysis to help you make an educated personal decision regarding a trade or trading strategy. Cryptocurrency trading bears significant risks of losing money that must be mitigated with proper money management.
Please read our Disclaimer before using price predictions.
What is the current price of VeChain (VEN)?
The current price of VeChain is $0.
What is the current market capitalization of VeChain (VEN)?
The current market capitalization of VeChain is $0.
What will be the price of VeChain (VEN) Tomorrow?
Our algorithm forecasts that the price of VeChain will reach $0.000001 tomorrow.
In 1 year from now what will 1 VeChain be worth?
As per the forecast and algorithmic analysis, the the price of 1 VeChain will be around $0.000001.
Is it profitable to invest in VeChain (VEN)?
The investment period is the number 1 decisive factor here. Based on last year price data the system would put "With Caution" investment status for VeChain (VEN) as a short term investment. VeChain can get a "Profitable" investment status based on our prediction algorithm with long term investment horizon of 3 to 5 years.
Will VeChain be growing in the Future?
VeChain is potentially one of the most profitable among digital coins.
How high can the Price of VeChain go?
Our algorithm forecasts that the price of VeChain will reach $0.000007 by 2023.
Is VeChain (VEN) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy VeChain now.
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