NEWSBTC: Cryptocurrencies Drop on President's Day, NEM and VeChain Biggest Losers
It’s https://www.investdiva.com/ ‘s Kiana with News BTC and here is your cryptocurrency update. It’s the Presidents Day holiday here in the US and the financial markets are closed. With that, all cryptocurrencies in top 20 saw pullbacks at the start of Monday’s Asian trading session. The biggest losers in top 20 were NEM and VeChain, both down above 10% at the time of filming. VeChain’s coin, VEN, appears to have found resistance at $6 in its new uptrend towards the all-time high level of $9.45. VeChain is a blockchain platform designed to offer supply chain management services. It aims to build a distributed business ecosystem, which is self-circulating and scalable.VeChain has snapped partnerships with key players such as Microsoft, PwC Renault, and China Unicorn among others. During the past week’s cryptocurrency market meltdowns, VeChain was among the few that was seeing gains in its VEN price. Its market cap is currently ranking 17, trailing behind IOTA, Dash, NEM, Monero, Lisk, Ethereum Classic, and TRON in top 20. VEN/BTC is also retracing back from the all-time highs, currently testing the upper band of the Daily Ichimoku cloud. It is supported at 0.00048. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.
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