VeChain (#VET) is an up and coming blockchain platform aimed at serving the logistics sector and the Internet of Things ( IoT
). The new blockchain was launched in July 2018, offering a swap of the older VEN
token for the VET digital asset. VeChain is a dual-asset platform, with an elaborate system of staking nodes paying out rewards in VeThor (VTHO).
In a short to midterm, VET is currently on reversal trend which already started to go up. Currently on short term pullback. It has major support at 86.
Critical areas to watch if buying pressure is strong at 88, 89, 90.
Short term Target at 123.