Investment Disclaimer:

• I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
• Past performance presented here is not an indicator of future performance.
• This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.
• I do hold a long position in VET as a token holder.

1A. Top 3 Good News for VET HODLERS !!!

• Electricals giant Schneider Electric picks VeChain as ecosystem partner
  Statistic as of 2022-01-06 07:12 AM EDT: 64 positive votes, 1 negative vote
  (Extracted from Crypto Panic)
  
  

• Bullish indicators align for VeChain with significant upward movement in play
  Statistic as of 2022-01-06 07:12 AM EDT: 26 positive votes, 1 negative vote
  (Extracted from Crypto Panic)

• VeChain Foundation Announces New Stablecoin, Could It Create Fresh Demand For VET?
  Statistic as of 2022-01-06 07:12 AM EDT: 16 positive votes, 1 negative vote
  (Extracted from Crypto Panic)

2. How VeChain Performs Relative to Other Cryptos ?

Performance of All Cryptos Under Quantdoge Watchlist in 2021 (Sorted by % Return)

VET has undergone 361.17% return from USD 0.0188 to USD 0.0867 since 01 Jan 2021. VET is the 18th best performing crypto assets among others here.

3. How Resilience VeChain Is Towards Bitcoin Crash Relative to Other Cryptos ?

Historically, all altcoins are somewhat dependent on Bitcoin price movement and it’s often the case where if Bitcoin falls, most altcoins would follow.

Top 3 Cryptos That Are Most Resilient To Bitcoin Crash During Each of BTC 4 Largest Crashes in 2021

VET has proven resilience against BTC crash in 0 out of the 4 instances.
During the last 4 BTC market crashes,
When BTC dropped by -13.47 %, VET returned -33.46 % at 20 May 2021,
When BTC dropped by -13.13 %, VET returned -19.25 % at 22 January 2021,
When BTC dropped by -12.16 %, VET returned -20.06 % at 13 May 2021,
When BTC dropped by -11.39 %, VET returned -24.72 % at 22 June 2021

4. Technical Analysis on VeChain

4.1. Volume Weighted Average Price (VWAP)

VWAP is a technical indicator used by a trader to gauge the overall trend of an asset price movement. VWAP line (orange line) represents the volume-weighted average price (average price here is defined as the average of high, low and close prices) while close price line (blue line) represents the price when VET is closed at the end of every single day. 

Whenever blue line (close price) is above orange line (VWAP), it indicates that the asset is gaining momentum and being traded higher than its average price level. This would represent a 'buy' opportunity for short-term momentum trader whom task is to trade following the trend while a longer term mean-revision trader might take it as a 'sell' opportunity, anticipating that the price of VET (blue line) to fall to its average level (orange line).

Whenever blue line (close price) is below orange line (VWAP), it indicates that the asset is losing momentum and being traded lower than its average price level. This would represent a 'sell' opportunity for short-term momentum trader whom task is to trade following the trend while a longer term mean-revision trader might take it as a 'buy' opportunity, anticipating that the price of VET (blue line) to rise to its average level (orange line).

As of 05 Jan 2022, VWAP is suggesting that VET loses momentum as Bitcoin crashes in price.

4.2. Moving Average Convergence Divergence (MACD)

MACD is often used by trader as a momentum indicator. There are 2 lines that form the above charts, namely MACD (12, 26) lines and Signal(9) line, while the histogram is calculated by subtracting Signal (9) from MACD (12,26). Histogram would fall to the negative territory whenever MACD (12, 26) is trending at a lower level than Signal (9) and rise to the positive territory whenever MACD (12,26) is trending at a higher level than Signal (9).

MACD (12, 26) is computed by subtracting the 26-day exponential moving average (EMA) of VET closing price from its 12-day EMA. 
Signal (9) on the other hand is calculated as the 9-day EMA of MACD (12,26). 

As MACD (12, 26) goes higher away from Signal (9), it signifies that VET is gaining momentum and whenever it goes trends at a lower level than Signal (9),it signifies that VET is losing momentum. 

As of 05 Jan 2022, MACD is suggesting that VET's momentum is slowing down as Bitcoin and the overall crypto market crashes on fear of Fed tightening at a more-than-expected aggressive rate.

4.3. Bollinger Band

Bollinger band is often being used by mean-reversion trader as a gauge to assess how undervalued or overvalued an asset is. Its chart made up of 4 lines, namely:

- SMA (20) (blue line), which is the 20-day simple moving average price of VET
- Upper Band (orange line), which is computed by adding 2 standard deviations of VET on SMA (20)
- Lower Band (red line) , which is computed by subtracting 2 standard deviations of VET from SMA (20)
- Close (green line), which is the daily closing price of VET

Whenever close line (green) touches the lower band (red), it indicates that VET is corrected too much and is being traded at an undervalued level, representing a 'buy' opportunity. On the other hand, whenever close line (green) touches the upper band (orange), it indicates that VET is gaining too much momentum and is being traded at an overvalued level, thus indicating a 'sell' opportunity. 

As of 05 Jan 2022, Bollinger Band is suggesting that VET is neither oversold nor overbought.

4.4. Relative Strength Index (RSI)

Just like Bollinger Band, Relative Strength Index is often being used by mean-reversion trader as a gauge to assess how undervalued or overvalued an asset is. There are 2 psychological levels, i.e. 30 and 70 in RSI. Whenever the RSI reaches 30, it indicates that VET is corrected too much and is being traded at an undervalued level, representing a 'buy' opportunity. On the other hand, whenever RSI reaches 70, it indicates that VET is gaining too much momentum and is being traded at an overvalued level, thus indicating a 'sell' opportunity. 

As of 05 Jan 2022, RSI is suggesting that VET is neither oversold nor overbought.

Based on the technical analysis presented above, quantdoge is neutral on the short-term price outlook of VET, but I could be wrong, hence please make your careful due diligence before making any financial decision. 

5. VeChain Risk Profile

Based on the 100-day 95% historical Value-at-Risk (VaR) profile of VeChain defined above, VET seems to trade at a lower risk level on 05 Jan 2022 as compared to 10 days before on 26 Dec 2021, with its biggest pullback being seen at -17.33% on a single day during the last 100 days. However, I could be wrong, hence please make your careful due diligence before making any financial decision.

6. Price Simulation for VeChain

How did quantdoge simulation perform vs the actual VET price movement over the last week ?

Over the last 7 days, VET is trading near the median range of all quantdoge simulations, indicating that VET is neither oversold nor overbought.

7. VET Community Analytics

Number of VET Followers In The Past 24 Months


During the past 24 months, VeChain followers have grown 357.83 % from 117,962 to 540,064 on Twitter and grown 266.84 % from 60,048 to 220,279 on Reddit.

Monthly increment of VeChain Twitter and Reddit followers peaked on May 2021.

Number of VET Followers In The Last 30 Days


In the last 30 days alone, VeChain followers have grown 3.38 % from 522,400 to 540,064 on Twitter and grown 0.92 % from 218,270 to 220,279 on Reddit.

Daily increment of VeChain Twitter followers peaked on 04 Jan 2022 and its daily increment of Reddit followers peaked on 09 Dec 2021.

8. Google Trends Analytics

vechain reached its peak in Google Search on 2021-04-11 with a Google Score of 100
Over the last quarter, vechain Google Score has decreased 35.04 % from 29.25 to 19.0
Over the last 6 months, vechain Google Score has decreased 31.65 % from 27.8 to 19.0

Over the last month, vechain is most saught after on Google from Jersey, followed by Netherlands and North Macedonia.

9. Developer Activity Analytics

Fork

Fork refers to the amount of time where the Github repo of current cryptocurrency is being copied. Higher fork number could mean that this cryptocurrency project is getting more interest in the developers community who likes to explore more on the deep technical of this project.

VeChain forks increased 27.88% from 165 to 211 in the past year.

Star

Star refers to the number of developers who bookmark the Github repo of current cryptocurrency. Higher star number could mean that this cryptocurrency project is getting more general interest in the developers community.

VeChain stars increased 59.82% from 453 to 724 in the past year.

Pull Request

Pull request contributor refers to developer who has made a successful improvements/ modifications on the Github repo of this current cryptocurrency project. Higher number of pull request contributors could mean that there is a high number of commitment given by developers to this cryptocurrency project.

However, a low number also could mean that the developer community of this project applies a strict standard when it comes to code review, so only developers who have published a high quality code with highly impactful features got approved.

VeChain pull request contributors increased 23.08% from 13 to 16 in the past year.

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