https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
, VeChain (VET) marks a new high thanks to the sustained progress of the project, Forex-News, Forex-News
Bitcoin
$57,363.50
-1356.89
Ethereum
$3,826.60
+175.62
Litecoin
$354.57
+11.91
DigitalCash
$387.24
-28.71
Monero
$456.63
-12.13
Nxt
$0.07
-0.01
Ethereum Classic
$116.69
-0.06
Dogecoin
$0.48
-0.24

VeChain (VET) marks a new high thanks to the sustained progress of the project

3
, VeChain (VET) marks a new high thanks to the sustained progress of the project, Forex-News, Forex-News


, VeChain (VET) marks a new high thanks to the sustained progress of the project, Forex-News, Forex-News

Without a doubt, one of the best ways to check the growth of a project is through the adoption of what it has to offer. VeChain (VET) is a good example of this, as it is becoming more and more robust thanks to the business partnerships and real use cases that it is offering to the market.

This consequently is generating a constant increase in its price. At the time of this writing, VET is trading at $ 0.14, accumulating a gain of 10.71% in the last 24 hours, capable of taking the price towards a new all-time high.

The adoption at the enterprise level and the different use cases offered by VeChain (blockchain that optimizes supply chain management systems), have driven the price almost 700% so far this year.

, VeChain (VET) marks a new high thanks to the sustained progress of the project, Forex-News, Forex-News

The latest catalyst behind the rise we are witnessing is another important partnership, this time dealing with the success of Salesforce’s Chief Strategy Officer testing enterprise adoption ideas on VeChainThor.

The open source Salesforce – ToolChain Adapter was born out of Daniel Nortje’s development. The purpose of the idea: to exchange data openly and seamlessly between multiple parties, using hashed data on the public VeChainThor blockchain.

Vechain Technical Analysis (VET)

Looking at the VET vs USDT daily chart, we clearly notice a strong short-term bullish direction, resumed 3 days ago.

Now the price is making an impulse, already quite extended but without yet showing any sign of exhaustion.

It looks like we will see VeChain make new all-time highs in the next few hours, before the bulls give room for a correction.

However, it is quite likely that in the near future we will see some retracement or break in the price before continuing with its trend.

, VeChain (VET) marks a new high thanks to the sustained progress of the project, Forex-News, Forex-News
Daily price chart of VET vs USDT. Source: TradingView.

Weekly chart

In the weekly candle chart we see that the momentum is also quite extended.

After retreating towards 50% Fibonacci, the price gave way to a new momentum of the medium-term trend. The objectives have already been achieved. It is time to watch if it is time to make a new correction, or first we will see new historical maximums of VeChain (VET).

, VeChain (VET) marks a new high thanks to the sustained progress of the project, Forex-News, Forex-News
Weekly price chart of VET vs USDT. Source: TradingView.

All our publications are informative in nature, so in no case should they be followed as investment advice.



, VeChain (VET) marks a new high thanks to the sustained progress of the project, Forex-News, Forex-News

Get real time updates directly on you device, subscribe now.

, VeChain (VET) marks a new high thanks to the sustained progress of the project, Forex-News, Forex-News

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More