The bulls are trying to stabilize Bitcoin price and if they succeed, VET, SOL, EOS and FTT could quickly bounce back to their local highs.
Launched in 2018, VeChain is an enterprise blockchain solution designed to bring accountability, efficiency and transparency to operations. Originally a fork of the Ethereum codebase, VeChain is focused on enterprise use cases with an emphasis on the Internet of Things and supply chains for secure product lifecycle management.
Core properties of the VeChain protocol include Thor, the core blockchain used for transactions, account management and smart contract development; VeChain IDs, digital identities affixed to goods in the corporate supply chain that allow physical tracking via NFC and RFID chips as well as QR codes; proof-of-authority consensus through Know Your Customer-verified nodes chosen by the VeChain Foundation; and its two network tokens — VET, the main currency used for payments and voting, and VeThor (VTHO), a token issued daily to VET holders used to run smart contracts on the Thor blockchain.
VeChain has been actively pursuing strategic partnerships with enterprise clients, including one with a China-based subsidiary of Walmart for its blockchain-based food tracking efforts.
Real-world use cases and enterprise-level partnerships are just a few factors behind VeChain’s recent breakout to a new all-time high.75224
Bitcoin appears to be preparing for a move toward $60,000, while KLAY, VET, SOL and KSM are attempting to find bullish momentum.42537
Sellers pushed Bitcoin price below $55,000 even as record-high BTC futures open interest and optimism surrounding the issuance of $1,400 stimulus checks for Americans had traders anticipating a rally.40946
If Bitcoin can hold $58,000 as support, altcoins like ETH, VET, XMR and FTT may resume their uptrend and hit new highs this week.78981
Enterprise-level adoptions and new partnerships continue to drive the price of Terra, VeChain and Hedera Hashgraph higher.50216
A bullish technical pattern signals that Bitcoin may be gearing up to retest its all-time high and this positive development is pushing UNI, THETA, VET and LUNA higher.101133
Select altcoins continue to move higher as traders attempt to push Bitcoin price to $60,000.64656
A hospital in Cyprus is now utilizing the VeChain blockchain to store vaccination records.17849
Positive news, active communities and a shift toward DeFi appear to be the catalysts responsible for the rallies seen in Zilliqa, Terra's Luna and VeChain.37325
Select altcoins are moving higher as Bitcoin price gains strength and consolidates within a bull pennant.34781
IBM has emerged as one of the largest blockchain consulting firms in the world. Its next target: sustainable fashion.11674
VeChain is riding a strong tailwind on favorable developments out of China.27924
Bitcoin could consolidate for a few more days but select altcoins have formed reversal patterns that may lead to a trending move.22655
Two of Britain’s most successful gamebook authors have taken it upon themselves to turn VeChain’s VulcanVerses NFT game into a fantasy trilogy series.6273