Veil is a privacy-focused digital money or cryptocurrency that has the objective of creating an encrypted equivalent of the cash economy, where privacy would be the most convenient choice.
As per the Veil crypto, it combines two types of consensus mechanism protocols such as (PoW) Proof-of-Work and (PoS) Proof-of-Stake, to ensure both its security and a fair distribution of the network.
Moreover, the Veil also uses various cryptographic technologies to provide full-time privacy and anonymity for its users. LBP can be used to stake, vote, and access exclusive launches on the Veil platform, as well as to trade on various cryptocurrency exchanges.
Veil offers a borderless incubator for raising funds and scaling projects across the GameFi, NFT financing, DeFi, and the entire cryptocurrency space. It provides educational and background information on the projects, to help users make informed decisions.
This platform also has a self-funding mechanism for project development, operations, customer support, and ongoing research and development.
Veil strives to create a community-driven and transparent platform that supports innovation and growth in the blockchain space while offering value and utility to its users and DAO members.
Its vision is to break the boundaries for accessible project participation and to leverage the benefits of decentralized finance.
Is VEIL Crypto About to Shoot Upward?
The VEIL token has indicated a sign of turnaround as the price rose 8.18% in the last intraday session from a key level of around $0.001515 on the charts. It is currently trading at the market price of $0.001705.
This crypto asset has been demonstrating bearish behavior since last month and decreasing by making a downtrend. It has achieved bad performance in the last week, and last month, by making 43.03% and 14.75%, implying a robust downward direction.
However, after all this downward movement so far, the VEIL crypto is ready for a sensational surge. It could unleash the potential of its savoring to topple the resistance level and soar to new altitudes from the current base zone.
Therefore, if the demand for the VEIL Token remains high, the asset price could bounce back from the current level. The next goal for the VEIL price is to reach $0.004000.
However, if the VEIL crypto price fails to stay above the $0.001515 level, it could decline further.
Summary
The VEIL crypto asset has been demonstrating bearish behavior since last month and decreasing by making a downtrend. It has achieved bad performance in the last week and last month, implying a robust downward direction.
However, after all this downward movement the VEIL crypto has indicated a sign of turnaround as the price rose 8.18% in the last intraday session from a key level of around $0.001515 on the charts.
Therefore, if the demand for the VEIL Token remains high, the asset price could bounce back from the current level. The next goal for the VEIL price is to reach $0.004000.
Technical Levels
Support Levels: $0.001515
Resistance Levels: $0.004000
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
Source: https://www.thecoinrepublic.com/2023/12/13/the-veil-crypto-has-indicated-a-sign-of-turnaround-will-it-rise/