VeChain is still a baby and have came into to existence in crypto market in a bad situation. Lets give some time for it to grow in its own pace, not only VeChain, but all other crypto coins are down to the earth almost. Probably this coin will emerge and show its full potential in a month or two I guess.
Where were you at last year when this coin was at 5 cents? In light of that price, VEN is still 50x that price at the moment of this post, so I wouldn't say it came into existence in crypto in a seriously bad situation considering where its at now.
I don't know how much is its ico price and so on but i am the one who is assuming its not undervalued but it is not that totally in high value with respect to the marketcap. I would agree to sir Reimomo this upcoming to months like on those previous comments before this it is such a very big thinh for Vechain when it was fully launch in this quarter wait for tye public launch of vechain blockchain.
Well what's considered high in relation to marketcap is really based on the competition. Vechain has a top 20 marketcap so that's pretty high if you ask me. I like Vechain and from a long term perspective would agree that any price at the moment is undervalued from that perspective. Then again, by that philosophy, you can argue that almost everything in the market is undervalued considering what's taking place.
the idea was that Vechain is down to "Earth", but we don't know how low it can get. I'm still not convinced we've seen the lowest post bull run prices either