VeChain (VET) is moving in a direction that will lead to the massive adoption of the coin. The coin already becomes a leading blockchain in Singapore. VeChain (VET) is currently working on its own blockchain technology and then the coin is going to become the first choice of many multinational companies. This will result in the coin to be used and adopted by buyers and traders in large number as well.
At the time of writing this article VeChain (VET) was trading at $0.0075 against the United States Dollar (USD). The market cap of the coin was $418,176,750 United States Dollar (USD) and the 24 hours trading volume of the coin was $12,069,591 United States Dollar (USD). The coin was also showing a positive growth of 6.25 percent.
VeChain (VET) has a number of innovation projects ongoing and the company has currently 38 blockchain patents and more patents are underway.
One of the most interesting and innovative projects of the company is that of the IoT vehicle information that uses VeChain (VET) nodes to gather information about the Vehicles life cycle. Another patent that Vechain (VET) has is for anti-counterfeiting system implementation and design. Thus the VeChain (VET) has the patent for technologies that can change the way the world can imagine to use blockchain. Vechain (VET) also introduced during the VeChain summit to help encouraging building the VeChain (VET) blockchain. Deloitte Touche Tohmatsu Limited, commonly known as Deloitte, a multinational professional services network with its headquarters at New York, United States America (USA) also shifted from Ethereum (ETH) to VeChain (VET).
VeChain (VET) has entered into a partnership with many multinational companies like the company has entered into a partnership with People’s Insurance Company of China (PICC), one of the largest insurers globally. Thus these ventures and partnerships are going to give VeChain (VET) a great exposure and will lead to the mass adoption and usage of the coin which will finally lead to the rise in its price and value.
The coin is expected to touch $0.25 mark value against the United States Dollar (USD). VeChain (VET) can become one of the top ten digital currency soon and can perform very well. Let us see what happens in the future and how the coin plays but we should keep in mind the volatility of the crypto market.