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November 18, 2018 at 7:29
| updated:
November 18, 2018 at 07: 29 & nbspUTC
Vechain, the blockchain platform that aims to build a reliable ecosystem that provides a direct stream of data, has had a good year so far. They signed a carbon emission reduction agreement with DNV GL and also cooperated with the Shanghai authorities for authentication through Blockchain.
The logistics sector has benefited immensely from this particular blockchain. Vechain helps to track and track goods from their point of origin. Recently, some major fashion brands have adopted VeChain to enhance their product tracking mechanism. You can read our beginner guide on VeChain to better understand the technology.
VeChain (VEN) is officially updated to VeChain THOR (VET) which is currently trading at $ 0.007739. This new update was launched yesterday and the name has yet to be changed on exchanges like CoinMarket Cap and Binance.
The currency launched last year on 26 November and has since increased with a solid momentum. Until the date, the currency has grown over 2200%. If we look at the trajectory of currency prices this year, in mid-January, its price has reached its all-time high above $ 9.00. Since then it has been fluctuating with a predominantly bearish curve.
The company is confident that with its re-branding and a new partnership, it can again reach new heights in terms of the market. They have already signed a partnership with BMW, which is destined to dominate their prices on the market. The project's CEO, Sunny Lu, announced this partnership yesterday. Beyond that, the University of Oxford has also boarded and will help the blockchain project with technical development.
Experts estimate that by the end of this year, VeChain will trade around $ 19.63. Although it might seem ambitious, but some predict that the price could even reach $ 75, over a period of five years. Many investors are therefore planning to invest in this token for better returns. For more information, you can read our op-ed in: Should you invest in VeChain?
Sumedha Bose
Sumedha uses words like her crutch to get by in life. He takes a keen interest in discussing, dancing and destroying patriarchy in his spare time. You can be contacted at [email protected].
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