We observed that the Vechain price slides downwards after the node crash. However, the limited decrease can be considered as an indication that the balance is maintained in the crypto money.. Now, the coin price seems to be seeking a new direction and has yet to show its impact.
VEN has dropped more than 16 percent in the past week following the X Nodes program on March 20.. The price of VEN, on the other hand, has easily fallen below $3 in the past months.. We are also witnessing that VEN is more affected by the negative mood of the market in general.
Currently locked coins are only used to mark the coin age. And in just three months after launch on the mainnet, VeThor rewards will be used for its production. Meanwhile, VeChain project relies on knowledge of business development and partnerships. However, this may not be enough to sustain interest in the digital asset.
VeChain has posted 100 percent net growth since January
On the other hand, we see VEN maintaining trading volumes. In the medium-term, it should be noted that the market price has increased and has recorded a net growth of 100 percent since January.. However, the extreme volatility of VEN price remains. But buying at lower prices does not guarantee that it will make a splash soon.. Finally, VEN node owners and the community of traders can prove to be different.. Moreover, they may have very different reasons for choosing this project.
Currently, more than 51 percent of the coins are kept out of the market.. The rest is used to maintain the market price.. The price of traded coins is expected to remain the same as transferring funds from X node will cause losses in the future.
You can see the distribution of nodes in the list below:
Authority Nodes (A): 25,250,000 VET
Mjolnir X Nodes (M): 69,450,000 VET
Thunder X Nodes (T): 24,250,000 VET
Strength X Nodes (S): 19,970,000 VET
Vethor X Nodes (X): 27,348,000 VET
The rate of locked coins may vary and VeThor’s rewards may differ depending on how many nodes are still holding their status until mainnet launch
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cryptovest
The information in the article is purely for informational purposes.. It does not constitute any investment advice.. The author and hostagons.com/ are not responsible for your profit or loss arising from the investments you make.. Investment ultimately relies on many foundations such as knowledge, experience, research and personal decisions.