Scott Melker: VeChain (VET) Is Definitely One of the Better Bets in the Crypto Space
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VeChain (VET), the native token of the leading enterprise blockchain platform, has been acknowledged as one of the better bets in the crypto industry by a top crypto investor and trader, Scott Melker, popularly known in the crypto community as The Wolf Of All Streets.

This was said by Scott Melker in a short video shared on Twitter by a pseudonymous VeChain community member identified as eisenreich.

Read Also: VeChain (VET) PoA 2.0 Testnet Has Been Outstanding With 2,500 Txs per Block

The video interview that featured Scott Melker was anchored by Charles V Payne of Fox Business. In the course of the conversation titled “Picking Winners and Losers of Cryptocurrencies”, host Charles V Payne asked Melker about his thought regarding the increase in the VeChain-related tweets.

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In response to the observation, the popular investor pointed out that VeChain (VET) is definitely one of the better bets in the crypto space. He backed his opinion with the impact of VeChain in supply chain management, solving problems for many big companies and institutions.

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eisenreich tweeted, “VeChain x Fox Business. In an interview with Scott Melker, host Charles V Payne asked, “everyone’s tweeting about VeChain, any thoughts?” “This is definitely one of the better bets in the crypto space.”

VeChain (VET) and Other Cryptocurrencies in the Market

The last 24 hours have been difficult for VeChain (VET) and virtually all cryptocurrencies in the market. Top digital currencies, including Bitcoin (BTC) and Ethereum (ETH), are currently struggling to hold their important supports.

At the moment, where each cryptocurrency would bottom for a renewed upside trend cannot be ascertained. Since the devastating price drop initiated by Tesla’s Elon Musk started, Bitcoin has lost over 40% of its accumulated value, currently changing hands below the $40,000 resistance level.

Read Also: VET on the Cusp of Joining the Top 10 Cryptos; VeChain Mentioned in the 2021 Forbes Blockchain 50

The supposedly bear market has also affected VeChain (VET) magnificently. The digital currency has dropped to the 20th position in the market after losing over 45% of its value within the last seven days, according to CoinMarketCap.

At the time of writing, VET is trading at $0.09807, with a relatively 40% price downtrend based on 24 hours estimation.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.