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.
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.
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.
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 x Fox Business
In an interview with @scottmelker, host Charles V Payne asked, "everyone's tweeting about VeChain, any thoughts?"
— eisenreich Ⓥ (@eisenreich) May 18, 2021
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.
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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