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- Vechain backed NFT platform MMPORG has recently launched their whitepaper
- Technical indicators of VET are favoring upside momentum. It has seen a gain of 4% in the intraday session.
VeChain is a blockchain platform that was launched in 2015 and has since become a leading player in the global supply chain management industry. The platform offers a range of services, including product traceability, supply chain solutions, and digital identification. It aims to create a secure and transparent supply chain ecosystem that can be trusted by businesses and consumers alike.VeChain utilizes smart contracts, which are self-executing agreements with the terms of the agreement between buyer and seller being directly written into lines of code. This helps to ensure that all parties involved in a transaction can trust the information and processes involved, as the smart contracts cannot be altered once they have been deployed.One of the key benefits of VeChain is its ability to track products through every step of the supply chain, from production to delivery. Vechain backed platform MMPORG has recently launched its white paper. As per the whitepaper,ExoWorlds is branded as next generation science fiction MMPORG and is secured by VechainThor Blockchain.
Vechain is currently ranked 37th in the cryptoverse and has a market cap of $$1.8 Billion.Volume to the market cap ratio of the VET suggests an upside move in price.
Technical Indicators Are Favoring VET Run
The weekly technical chart of the Vechain suggests a consolidated trend in price.On the daily chart it is trading near the value of $0.025 and has seen a gain of 4% in the intraday session. It has formed a strong positive upside trend which is also a support line.It is currently trading above the 50 and 100 Daily Moving Average. There can be a positive crossover which can push the asset price to a new high. Various analysts are expecting strong growth in the future.
Conclusion
Vechain based platform Exxoworlds has recently launched their white paper. VET price suggests a consolidated upside move in the price.
Technical Levels
Major Support:$0.01
Major Resistance:$0.06
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
