It’s been a while that VeChain (VET) has maintained an ascending trajectory, in spite of the inconsistency in the cryptocurrency market.
Among all the digital currencies in the token market which gained in valued, VeChain (VET) remains the prominent with its highest price of.
Vechain has added in price significantly in comparison with other tokens, with its highest price rise of 0.019663 (according to CoinMarketCap).
A few months ago, the crypto industry witnessed the rebranding of VeChain from VEN to VET. this launch was anticipated to mark the beginning of a new era for the digital currency in the industry.
VeChainThor too was brought into existence followed by airdrop. The day it migrated from VeChain (VEN) to VeChain (VET), the network recorded a market cap of more than seven million.
Since then, the network has also made so many updates with the community fully backing the development team.
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VeChain Since The Mainnet Launch
VeChain has done very well for a third generation blockchain. In previous month, it declared a mutually beneficial partnership with BYD.
The partnership quite impressive since it came about one month after the airdrop. BYD is China’s biggest electric car manufacturer that is widely acclaimed for being one of the best manufacturers of electric car plug-ins in the world.
Also, VeChain entered into the partnership with People’s Insurance Company of china (PICC). The network looks to be the favorite for Chinese companies.
The reason behind this partnership is to digitize the insurance industry by making the data management more effective and efficient with the use of Blockchain Technology.
VeChain (VET) got listed on HitBTC few days back and it partnered with RFID Chips as well as NFC for easy traceability and management.
This is far more than many other digital currencies can boast of just some months post the mainnet launch. It means the future of VeChain is bright.
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Should You Invest in VeChain?
In accordance with the current data, VeChain (VET) and possibly its market environment have been in an optimistic cycle for the past 12 months.
Various crypto analysts indicate that there will be a positive trend in the future and golden years are still awaited for VET. since this digital currency has a confident outlook, it is suggested to be the part of your portfolio.
Trading in particular markets is dependably elementary, so that you may need to support these currencies under the given conditions but still conduct a thorough study of the digital coins before investing in any cryptocurrency, be it Bitcoin, Ethereum or any other cryptocurrency.
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