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VeChain (VET) Analysis and Outlook in January 2021

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Tuck Fheman
@tuck-fheman
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2 min read

VeChain (VET) is a world leading platform that offers "Blockchain-as-a-Service" (BaaS) to enterprises for the products and information. Their clients include BMW and Haier to name just a few. Their key focus is on offering services such as supply chain process control, product lifecycle management, data certification, data deposit and process certification.



Key Insights
  • Whales account for 74.37% of all addresses
  • Whales hold 743.72 million VET
  • There are 24 Whale addresses
  • Investors account for 18.57% of all addresses
  • Investors hold 185.71 million VET
  • There are 53 Investor addresses
  • Retail traders account for 7.05% of all addresses
  • Retailers hold 70.54 million VET
  • There are 728 retail addresses
  • 43.54K addresses have held for more than 1 year (95.13%)
  • 1.5K addresses have held between 1-12 months (3.28%)
  • 728 addresses have held for less than 1 month (1.59%)
  • The 7-Day average VET address balance is $624.16
  • The average time VET is held is 2.6 years.
Whale = Owns more than 1% of VET Investor = Owns 0.1% to 1% of VET Retail = Owns less than 0.1% of VET


Trading Insights

  • BTC Correlation 60-Day High 0.92 (Jan 19, 2021)
  • BTC Correlation 60-Day Low 0.20 (Nov 24, 2020)
  • Most resistance can be found at $0.034743
  • Only 612 addresses bought above $0.034743


Social Insights

  • Telegram activity is at an All-Time High this month.
  • Twitter activity is at an ATH this month.
  • Twitter sentiment is positive.
  • GitHub Stars is at an ATH this month.
  • Search trends are at an ATH this month.

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