In the cryptocurrency market, many cryptocurrencies are building their ways in the top chains quickly and with increasing prices. One of them is VeChain, it was first founded in the year 2015 and it is among the oldest blockchain technology firm in the industry. The VeChain program is targeted towards expanding the management procedure of the supply chains in the cryptocurrency industry.
The movements in the market are neither clearly bullish nor clearly bearish. But the trading price of the VeChain is in the fluctuating situation and slightly attractive towards the bearish movement in the previous few weeks.
Latest Partnership with Zeux
Zeux, a London-based FinTech, will allow its holders to pay inVET with merchants that accept Apple Pay and Samsung Pay, two large mobile technology companies with a combined 191 million users around the world.
On 6th May, Zeux announced the listing of VeChain tokens (VET) on its digital payment wallet. The VET will be officially available via the Zeux App on May 13, 2019.
Now you can use #Zeux to pay with #VET with our exciting collaboration with #VeChain. Another leap towards #massadoptionhttps://t.co/tiNdKCdlra@vechainofficial @sunshinelu24 @kfeng027 @MikeZhuang @frankjzhou @Sarah_Nabaa @VechainThorCom @Vechain1 #vechain #vet #zeux
— Zeux (@ZeuxApp) May 6, 2019
After which, the Vechain Foundation captioned Zeux’s tweet and informed VeChain community about the latest partnership with Zeux.
Thanks for the integration and now VET holders can use their VET to pay at all stores using Apple Pay representing approximately 140mm global users in 2018 and Samsung Pay representing 51mm global users in 2018 via #Zeuxapp. (User Data according to Juniper Research). https://t.co/tIWwWn27eC
— VeChain Foundation (@vechainofficial) May 6, 2019
Mike Zhuang, Head of Strategy for the VeChain Foundation, and Frank Zhou, Founder, and CEO of Zeux expressed their outlook on this collaboration:
“We are very excited to partner with Zeux to integrate VET into its payment service via Apple Pay and Samsung Pay worldwide. At VeChain, we are committed to adding more utilities to the VET as smart money. The listing with Zeux has meant we are one more step towards achieving our vision.”
– Mike Zhuang
“It is our great pleasure to add VET to our listing. VeChain has been a major player in developing its blockchain to make a difference in enabling enterprises and professional teams to leverage public blockchain. In particular, given the large VeChain community in Europe, the partnership will help us to reach our target European customer base”.
– Frank Zhou
Through this collaboration, VeChain (VET) will gain global exposure to the wide client base of Samsung pay and Apple Pay, this step will push VET one step forward of other cryptocurrencies.
Current Status of the VeChain: The current trading value of the VeChain Thor (VET) is $0.006174 USD, with the market cap of the $342,363,262 USD. The 24 hour volume is $11,651,512 USD with the circulating supply of 55,454,734,800 VET and 86,712,634,466 VET. The total value decrease of the VeChain Thor is -3.41%.
The experts and traders have predicted that VeChain Thor might touch the uptrend of about $0.100. But the bearish movement has vanished the possibility of the price increase of the VeChain Thor. The VeChain Thor has been ranging between the values of $0.0053 to $0.0090 for a long time. The March 2019, the value of the VeChain has gone above the resistance mark of the $0.0053 and also it’s had been stable for the period of more than a month.
The current market price of the VeChain is in the bearish trends, the bullish movement had tried to hold the VeChain’s prices in the upsurge trend, but eventually, they did fail in doing so and Vechain prices come under the pressure of the bearish trend.
On May 6, 2019, the VeChain was trading at the price of $0.006404 with the market cap of $355,144,716 and the 24-hour volume was at the value of $10,899,866. We can clearly see the effect of the bearish trend on the decreasing price. Now with the pressure of bearish trend over the VeChain currency, it is clearly not a good time and situation to purchase or invest in the currency. Invest must have to wait till the currency step under the bullish effect.