VeChain, a blockchain firm has signed A Memorandum of Understanding (MoU) with the Republic of San Marino. The Republic of San Marino and VeChain firm has collaborated to encourage the usage of environment-friendly and renewable things in the country. They are working for decreasing the release of carbon gas, decrease the amount of waste, save water initiative and to achieve the goal of zero emissions.
The government of San Marino has a progressive GDP of $1.6 billion. Jur which is a VeChain based Dapp to collaborated with the San Marino Innovation of government and they sign on a certified strategic alliance.
Current Status of VeChain (VET): Currently, VeChain is trading at the value of $0.003977 and its value is increasing by 0.76%. The market capitalization of the currency $220,544,355 and the 24-hour volume of the currency is $32,446,892. The circulating supply of the VeChain is 55,454,734,800 VET.
Vechain Price Analysis: Yesterday, the currency was trading at a value of $0.003981 at 15:24 UTC. The market capitalization of currency was $220,748,685 and the 24-hour volume of the currency is $28,458,235. The currency opened with a price of $0.003860 and the closed at the value of $0.003999, the currency also experienced an increase of 3.6% in the value.
On 9th August, the currency was trading around the value o $0.00487458 and after 25-days period the currency experienced the drop in the value of the currency by 16.77%. Also, the previous week VeChain experience the loss of 7.38% in its value and the value dropped from the trading value of 03rd September, that was around $0.00437961.
VeChain Prediction: Now after experiencing the drop in the value for about a week or so the currency is finally bouncing with the bullish movement, still the trend is smashed for yet. But soon VeChain’s value could cross the price of $0.0050 which will be it’s highest of the 30-day period. The main resistance level of the currency is $0.004061 and the main support level of the coin is $0.003896. The experts are suggesting that it is a good time to invest and it will benefit in the long-term investment.