When you want to build a decentralized application, you can do it on Ethereum. It doesn’t matter if the application is for the gaming industry, financial sector, real estate sector or government, Ethereum can host it. Many of the tokens that are in existence token were also developed on the Ethereum blockchain. Some popular blockchains today including Tron, and EOS, were initially hosted on Ethereum before they launched mainnets. Now, there are going to be projects that would allow Ethereum to fight for dominance even in the supply chain management sector that VeChain intends to take over.
VeChain may not be as popular as Ethereum but it is more scalable and it is gaining traction fast. Even before the VeChain mainnet launch and VeChain token swap, the VeChain Foundation has been getting mainstream attention.
VeChain partnerships are on the headlines every other day now. In our previous VeChain news and VeChain price prediction, we talked about how the VeChain Thor blockchain intends to dominate the supply chain management sector due to its unique properties. You’ll also recall that a major professional services firm, Deloitte, during the VeChain summit 2019, announced that it has moved from Ethereum to VeChain. Shortly after Deloitte used VeChain’s services, it confirmed that the VeChain blockchain is amazing and even better than Bitcoin.
This proves that companies are beginning to invest in innovation rather than name. Even if there are many other blockchains that can be used in the supply chain, VeChain Thor is making waves when it comes to mainstreaming, the key to global adoption. Companies like BMW, DNVGL, Renault, LogSafer, China Unicom, Haier, BitOcean, and many more have come onboard the VeChain train. The obvious choice for these companies was Ethereum while the reasonable and possibly most profitable choice was VeChain.
VeChain Thor Price Prediction – Ethereum Price Prediction – VeChain Vs. Ethereum
Ethereum is the second largest cryptocurrency in the world for good reason. It has been able to carve out a niche for itself as the world’s foremost decentralized computer. VeChain Thor, however, is one of the more recent blockchains that have been built to improve on the inefficiencies of Ethereum.
Ethereum (ETH) Price Today – BTC / USD
At the time of writing, VeChain VET was still way below Ethereum ETH on CoinMarketCap. Ethereum ETH was trading at $192.88. This means that it is up by 9.38% against the USD and up by 0.52% against the price of BTC.
VeChain (VET) Price Today – VET / USD
VET, on the other hand, is the 27th largest cryptocurrency per market capitalization. It is trading at $0.006521. It is up by 9.37% against the USD and up by 0.22% against the price of Bitcoin.
Right now, the odds look impossible. However, it is important to note that the VeChain Foundation has a strategy put in place to drive the price of VET up along with its total market capitalization. As stated in our previous VeChain Thor price prediction, the VET token has what it takes to hit the top 10 before the end of the year. Anything can happen in the cryptocurrency space. So, we should not rule out the possibility that VeChain can become more popular than Ethereum in years to come.
Bitcoin (BTC) News Today – Bitcoin Climbs Above $7,000
Bitcoin climbed to the highest since September, briefly surpassing $7,000, as a rally in cryptocurrencies gathered pace in trading over the weekend.
The largest cryptocurrency is on a tear after trading closer to $5,000 at the start of May and has more than doubled since mid-December. Still, it remains a long way off its 2017 peak that topped $19,000.
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