VeChain the best in the market in these early days of April 2018. The explanation is there, nothing rises or falls on the markets by chance, but attention to speculation.
The debut of VEN between the assets on Bithumb is imminent. The site cryptovest.com is reporting this, but confirmations about this news are also coming from the VeChain Foundation via Twitter.
The best of the market
As a result, VeChain has not only recorded an upward trend since the beginning of the current month, but also better than the trend of the other most capitalized cryptocurrencies, like Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Bitcoin Cash (BCH) ) and Litecoin (LTC).
Magnet effect on VEN, watch out for speculation
It is not the first time that, when some important cryptocurrency is about to make its debut into an important exchange, prices are likley to rise. In this regard it must be said that the surge in prices is very often only temporary, which means that it is not to be excluded that the profits of the last days can be totally or partially eroded within a couple of days even in a violent manner.
Bithumb, in any case, is added to the exchange list where it is possible to negotiate the VeChain crypto, remembering that Binance is currently the trading platform where the largest volume of exchanges is recorded daily (source worldcoinindex.com).
— VeChain Foundation (@vechainofficial) April 3, 2018
In today’s trading session, Tuesday 3 April 2018, VeChain rallied to reach 3.10 against the dollar, after which prices stabilized between 2.70 and 2.80 against the greenback. The rise in prices was very strong considering that on the night between 1 and 2 April, VeChain was trading at 2.20 compared to a record high above $ 8 recorded on 22 January.