VeChain Foundation Looking For A Buyback After Growth Spikes

Must Read

bZx Hackers Trying To Move The Stolen Currency Reports CoinHolmes

The recent hacks at bZx have led to many people questioning the DeFi (decentralized finance) system. An analysis...

Brendan Blumer Suggests Gold And Bitcoin Are Similar And Anyone Favoring One Over The Other Is Undermining Both

Brendan Blumer talked about the similarity between Gold and Bitcoin. A person is showing his or her own...

OKEx Exchange Launched Spot Margin Trading And Savings For 19 New Digital Assets

OKEx announced the launching of 19 new digital assets for spot margin trading and saving service from February...
IMG_20190610_132229_280
Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.

Vechain is a cryptocurrency and a blockchain platform that is looking to target the “Internet of Things”. This is evident from its extended use in industries like pharmacy, automotive and agriculture. Recently, its cryptocurrency called VET, saw a rise and it broke into the Cent Club (that is, the price of a single token worth at least 1 US Cent). Now, with this growth, it’s looking forward to a buyback to increase its net worth.

VeChain’s Direction for the Future Known

The sudden rise of a relatively stagnant crypto wasn’t any coincidence. The rise was due to some data leaked that stated Vechain getting in a partnership with Walmart. This, and also the news before it of a buyback had suspected investors and the price of the crypto token rose. Sunny Lu, the founder of VeChain, is looking for a buyback to raise the worth of the company to US $25 million. It told the community that buyers should be prepared for this sentiment.

The price of Vechain saw huge chains and it broke to $0.01 recently. The news of the buyback alone boosted the crypto by 15% to $0.009 and broke the Cent barrier by the leak of the Walmart partnership. While this drew the attention of the market for a short amount of time, it has settled back to its usual figures of $0.0079 and fluctuating at the time of writing this article.

Price Prediction Of Vechain – An Uncertainty

While the bulk of the market was bulling forward with the rise of Bitcoin recently, Vechain was minding it’s own business. And now, when some news relevant to it broke out it decided to make a move in the charts. This clearly shows that Vechain isn’t a crypto that easily gets influenced by market influence. It has managed to break to a US Cent only once before and it had the audacity to double its value to $0.02 but hasn’t been able to reach such heights again.

What the future holds for Vechain is something that it gets to decide. Not many Cryptos get this kind of privilege. While it could increase its price for a short period of time with distribution of the increased valuation like Tron did, or could actually invest in the company’s development to help it in the long run.

Hot News

bZx Hackers Trying To Move The Stolen Currency Reports CoinHolmes

The recent hacks at bZx have led to many people questioning the DeFi (decentralized finance) system. An analysis from Peckshield security shows that...

Brendan Blumer Suggests Gold And Bitcoin Are Similar And Anyone Favoring One Over The Other Is Undermining Both

Brendan Blumer talked about the similarity between Gold and Bitcoin. A person is showing his or her own insecurities regarding Gold or Bitcoin...

OKEx Exchange Launched Spot Margin Trading And Savings For 19 New Digital Assets

OKEx announced the launching of 19 new digital assets for spot margin trading and saving service from February 21, 2020. OKEx exchange is...

Two Arrested in Investigations with Cryptovaultua for Money Laundering

The Fiscal Information and Investigation Service has arrested two men in suspicion of money laundering with cryptocurrency. The investigations led by the Functional...

Ripple Partner Ria Money Transfers Joins Forces With Austrian Post for Remittance Service

Euronet Worldwide connected with Ripple and integrated the Ripple cryptocurrency. Ria Money Transfer is a subsidiary of Euronet Worldwide. The partnership will be...

Telegram-SEC Hearing: SEC is in Disarray, Judgement to be passed before April 4

Telegram's initial coin offering is claimed to be offered to private investors who have no interest in cryptocurrency. The judge pointed out the...

Brendan Blumer Suggests Gold And Bitcoin Are Similar And Anyone Favoring One Over The Other Is Undermining Both

Brendan Blumer talked about the similarity between Gold and Bitcoin. A person is showing his or her own insecurities regarding Gold or Bitcoin...

OKEx Exchange Launched Spot Margin Trading And Savings For 19 New Digital Assets

OKEx announced the launching of 19 new digital assets for spot margin trading and saving service from February 21, 2020. OKEx exchange is...

Two Arrested in Investigations with Cryptovaultua for Money Laundering

The Fiscal Information and Investigation Service has arrested two men in suspicion of money laundering with cryptocurrency. The investigations led by the Functional...

Ripple Partner Ria Money Transfers Joins Forces With Austrian Post for Remittance Service

Euronet Worldwide connected with Ripple and integrated the Ripple cryptocurrency. Ria Money Transfer is a subsidiary of Euronet Worldwide. The partnership will be...

RELATED NEWS

bZx Hackers Trying To Move The Stolen Currency Reports...

The recent hacks at bZx have led to many people questioning the DeFi...

Brendan Blumer Suggests Gold And Bitcoin Are Similar And...

Brendan Blumer talked about the similarity between Gold and Bitcoin. A person is...

OKEx Exchange Launched Spot Margin Trading And Savings For...

OKEx announced the launching of 19 new digital assets for spot margin trading...