What is VeChain Coin (VET)? FUND & Technical analysis
There are lots of projects in the crypto and blockchain ocean, but VeChain is definitely one of the more interesting ones. There are quite a few compelling reasons why this particular project should draw your interest.
VeChain was first established in 2015, making it one of the oldest companies in the blockchain industry. This Singapore-based decentralized smart contract platform is focused on enhancing the management process of supply chains. To do this, the team designs business applications which can be implemented into inventory quandaries.
The project recently gained a lot of attention from big investors, with various offers of promising partnerships. However, even before VeChain’s newest collaborations, their blockchain app was already being used by several companies in industries such as agriculture, winemaking, and luxury goods.
In addition, VeChain will also have a rebranding soon, one that will result in having its name changed from VeChain to VeChain Thor VET. This upgrade will make the VeChain blockchain have functionalities similar to those of the Ethereum platform.
5 Reasons To Buy VeChain
1. VeChain tracks enormous amounts of data from different fields to streamline the business. They collect data such as temperature, humidity, and acceleration by the use of IoT sensors. Anyone can scan a product’s QR code and get the desired product’s details from manufacturing to packaging, by using their platform.
2. TÜV Saarland has certified Vechain as a 5-Star Blockchain Service Provider. VET allows brands to digitize products on the blockchain by using unique blockchain identity smart tags.
3. VeChain’s digital vehicle solution stores critical data of automobiles on its blockchain. It secures the manufacturing details, service details, insurance information, and banking details. The world’s top vehicle makers are adopting this technology.
4. The VET Superior Platform enables a flourishing NFT ecosystem. Anyone can migrate and build their own Project on VeChainThor. VeChain is one of the pioneers of connecting NFTs with the real world. VeChain combines both the DeFi (decentralized finance) and CeFi (centralized finance) sectors. This strategy creates a balanced platform and high-speed value transfers.
5. VeChain uses various types of radio frequency tags and sensors to collect important data during shipment. This creates a powerful and sustainable ecosystem for the business.
VeChain Foundation
The VeChain Foundation is responsible for building the network along with handling the technological research and development. The Foundation encourages and backs up partnerships with enterprises and businesses that want to use blockchain technology as a service.
VeChain is currently involved in partnerships with the following enterprises and companies:
Microsoft -- Babyghost -- Fanghuwang
PwC (Singapore and China) -- BitOcean -- Healthcare Co Ltd
Renault -- China Unicorn -- Jiangsu Printed Electronics Co Ltd
Directed Imported Goods -- Hyperledger -- China National Tobacco Corporation
DNV GL -- Kuehne & Nagel -- China State Tobacco Monopoly Administration
eGrid Consulting Co. -- MadeForGoods -
Conclusion
VeChain is one of the most successful projects in generating partnerships. VET is solving supply chain and medical field issues. In 2021, we can expect excellent growth and new partnerships from VeChain
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❇️Quick Technical Analysis
With the above powerful fundamental news and according to the weekly chart , it has created a new all-time high in 2021 of $0.038. It is getting support around the $0.029 level, which is a 61.8% level on Fibonacci. If this currency can maintain this level, it may lead the bullish rally and reach the targets in the party.
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
VeChain was first established in 2015, making it one of the oldest companies in the blockchain industry. This Singapore-based decentralized smart contract platform is focused on enhancing the management process of supply chains. To do this, the team designs business applications which can be implemented into inventory quandaries.
The project recently gained a lot of attention from big investors, with various offers of promising partnerships. However, even before VeChain’s newest collaborations, their blockchain app was already being used by several companies in industries such as agriculture, winemaking, and luxury goods.
In addition, VeChain will also have a rebranding soon, one that will result in having its name changed from VeChain to VeChain Thor VET. This upgrade will make the VeChain blockchain have functionalities similar to those of the Ethereum platform.
5 Reasons To Buy VeChain
1. VeChain tracks enormous amounts of data from different fields to streamline the business. They collect data such as temperature, humidity, and acceleration by the use of IoT sensors. Anyone can scan a product’s QR code and get the desired product’s details from manufacturing to packaging, by using their platform.
2. TÜV Saarland has certified Vechain as a 5-Star Blockchain Service Provider. VET allows brands to digitize products on the blockchain by using unique blockchain identity smart tags.
3. VeChain’s digital vehicle solution stores critical data of automobiles on its blockchain. It secures the manufacturing details, service details, insurance information, and banking details. The world’s top vehicle makers are adopting this technology.
4. The VET Superior Platform enables a flourishing NFT ecosystem. Anyone can migrate and build their own Project on VeChainThor. VeChain is one of the pioneers of connecting NFTs with the real world. VeChain combines both the DeFi (decentralized finance) and CeFi (centralized finance) sectors. This strategy creates a balanced platform and high-speed value transfers.
5. VeChain uses various types of radio frequency tags and sensors to collect important data during shipment. This creates a powerful and sustainable ecosystem for the business.
VeChain Foundation
The VeChain Foundation is responsible for building the network along with handling the technological research and development. The Foundation encourages and backs up partnerships with enterprises and businesses that want to use blockchain technology as a service.
VeChain is currently involved in partnerships with the following enterprises and companies:
Microsoft -- Babyghost -- Fanghuwang
PwC (Singapore and China) -- BitOcean -- Healthcare Co Ltd
Renault -- China Unicorn -- Jiangsu Printed Electronics Co Ltd
Directed Imported Goods -- Hyperledger -- China National Tobacco Corporation
DNV GL -- Kuehne & Nagel -- China State Tobacco Monopoly Administration
eGrid Consulting Co. -- MadeForGoods -
Conclusion
VeChain is one of the most successful projects in generating partnerships. VET is solving supply chain and medical field issues. In 2021, we can expect excellent growth and new partnerships from VeChain
------------------------------------------------------------------------------------------------------
❇️Quick Technical Analysis
With the above powerful fundamental news and according to the weekly chart , it has created a new all-time high in 2021 of $0.038. It is getting support around the $0.029 level, which is a 61.8% level on Fibonacci. If this currency can maintain this level, it may lead the bullish rally and reach the targets in the party.
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
