The news has been nonstop this month on the subject of crypto. Just recently, we released articles on eToro and Coinbase IPOs, which look very favorable at the moment. (Coinbase was one of our most read articles, so we assume the IPO will be YUGE). And today, we have another rocket ride, VeChain. This crypto has been creating a straight parabola for the last year, advancing over 1000% in 12 months. It goes without saying, congrats to early adopters!
VeChain Crypto Hits New All Time Highs
VeChain is currently trading at $0.13 range, up 14% on the day and about 100% on the 1 month time frame. The trading volume is extraordinary as well, up 40% in a 24 hour time period.
Does the chart below look bullish?
What is VeChain?
According to CoinMarketCap:
VeChain (VET) is a blockchain-powered supply chain platform. Begun in 2015 and launched in June 2016, VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.
The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain.
The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.
You can find more information on their website.
This is just a general update and we will be updating regularly in the next article with a VeChain price prediction, where to buy VeChain and more.
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