Since inception, the VeChain ecosystem has had one aim, to use blockchain technology in enhancing supply chain management in various sectors. The vision is clear and precise and the team behind the project has proven that it has prospects. VeChain partnerships from all over the world are all meant to bring VeChain closer to its ultimate goal. The native token of the VeChain blockchain is VET. Even if the token isn’t required in ever use case of the VeChain blockchain, VeChain partnerships still help increase awareness for the VET token.
The VeChain price prediction have been bullish even before the start of the Bitcoin bull run. The Bitcoin bull run took the price of Bitcoin and other cryptocurrencies higher against the USD. Along with the rest of the market, the VET cryptocurrency price is still trading in green with no bears in sight according to the VeChain Thor price prediction on CryptoNewz.
VeChain Thor price prediction
At the time of writing, VeChain was trading at $0.007182. This means that it is up by 4.04% against the USD and up by 0.01% against BTC. The 24-hour trading volume is $26,806,775 and the market capitalization is $398,288,019 per CoinMarketcap.com.
VeChain (VET) Price Today – VET / USD
Even if the gains at this time may seem small, it is important to note that the total market capitalization of VeChain is 54.97% higher than it was less than a month ago. VET cryptocurrency price is also up by more than 50% since the beginning of the year. This isn’t the end of the upward price action. The price of VeChain is primed for more gains long-term against the USD. The VeChain price analysis and VeChain Thor price prediction places the price somewhere between $0.008 and $0.009 short-term.
VeChain News: VeChain Thor Price Prediction
VeChain (VEN) has been officially re-branded to VeChain THOR (VET) this year itself and even announced that it will be teaming up with the international car company BMW. VeChain Thor enables businesses to track their products throughout its entire supply chain cycle with the help of the blockchain. This aids in the assurance of quality and authenticity of the products. There are already many luxury goods stores, food/drug companies and logistics companies that are using this ecosystem. News broke this morning that the VeChain THOR team just sealed their biggest partnership to-date.VeChain THOR had announced a collaboration with Oxford University which will aid in the technical development of the VeChain THOR platform. Even the South Korean cryptocurrency exchange, Coinnest, added VeChain THOR to its trading platform and is offering direct fiat to VET pairing. These many collaborations and partnerships led to the massive growth of this digital currency. By the end of 2019, it is expected to reach $0.20, which can be regarded as an optimistic prediction, considering its current value. Source: Coinswitch
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