VeChain (VET), the native token of the leading enterprise blockchain platform, has been recognized as one of the best bets in the cryptocurrency industry by a major cryptocurrency investor and trader, Scott Melker, popularly known in the crypto community as The Wolf Of All Streets.
The video interview featuring Scott Melker was hosted by Fox Business's Charles V Payne. In the course of the conversation titled “Picking Cryptocurrency Winners and Losers,” host Charles V Payne asked Melker about his thinking regarding the rise in VeChain-related tweets.
In response to the observation, the popular investor noted that VeChain (VET) is definitely one of the best bets in the crypto space. He backed his opinion with the impact of VeChain on supply chain management, solving problems for many large companies and institutions.
“VeChain x Fox Business. In an interview with Scott Melker, host Charles V Payne asked, "Everyone is tweeting about VeChain, any ideas?" "This is definitely one of the best bets in the crypto space."
VeChain (VET) and other cryptocurrencies on the market
The last 24 hours have been difficult for VeChain (VET) and practically all cryptocurrencies on the market. The major digital currencies, including Bitcoin (BTC) and Ethereum (ETH), are currently struggling to maintain their important supports.
At the moment, it cannot be determined where each cryptocurrency would bottom out for a renewed uptrend. Since the devastating price drop started by Tesla's Elon Musk comments, Bitcoin has lost more than 40% of its accumulated value, and is currently changing hands below the $ 40,000 resistance level.
The supposedly bear market has also hit VeChain (VET) magnificently. The digital currency has fallen to 20th position in the market after losing more than 45% of its value in the last seven days, according to CoinMarketCap.
At the time of writing, VET is trading at $ 0.132, achieving a recovery of almost 7% in the last 24 hours.