As we reported previously, Vechain has attracted a lot of top players in different industries. Most of these top players are now in collaboration with Vechain, either to use the blockchain of Vechain or to achieve one goal or the other. These partnerships are further increasing the adoption of Vechain (VET), which has greatly contributed to Vechain price growth. Vechain has partnered with BMW, PwC, and some other top firms. The blockchain project has secured a lot of strategic partnerships, which has resulted in bullish Vechain news and boosted the adoption and price of Vechain.
Recently, Vechain just secured a partnership with three top Norwegian companies. The would significantly increase the profit ratio of the digital currency and spike up hope among digital asset investors and traders. Many digital asset investors are already excited about this partnership and they are hoping the price of Vechain would respond to this bullish Vechain news soon.
VeChain News Today – Digital Transformation of Italy With The Help Of Vechain Blockchain
Recently, the chief executive officer of Vechain, Sunny LU met with Giuseppe Conte – the Prime Minister of Italy. He met him at the SEEDS and CHIPS Global Food Innovation Summit in Milan. According to reports, they both talked about the vision for ecosystems based on blockchain with the aim of transforming the future of our planet positively.
In response to the tweet, LU said that he told the Prime Minister that he could assist in the digital revolutionization of Italy with the assistance of DNV GL. Back in January last year, Vechain partnered with DNV GL – an international accredited registrar and classification based in Norway. Vechain is one great blockchain project when it comes to forming partnerships. The partnership of Vechain and BMW and Deloitte wowed the entire crypto space, and this would have a significant impact on the price of Vechain in the long run.
Vechain Price Prediction 2019
VeChain (VET) Price Today – VET / USD
The price of Vechain at the beginning of this year was around $0.00398, and VET USD price is currently hovering around the $0.007 level. This is an increase of about 100 percent over the past months. Vechain price prediction 2019 is $0.25. However, some digital asset investors are expecting the digital currency to hit $0.5 by the end of this year.
Vechain Price Analysis
Vechain (VET) is one of the leading and most solid blockchain projects in the distributed ledger technology space. The digital currency has presented many opportunities for digital asset investors and traders. Many digital asset investors now see it as one of the best cryptocurrency to invest in 2019. Over the past months, the price of Vechain has been driven by bullish Vechain news and Vechain price prediction. The crypto bull run has also contributed to the growth of the coin.
According to the latest Vechain price analysis on bitcoinexchangeguide; in its previous attempt, the bulls were resisted as the price fell to a low at $0.006000 price level. However, after the price reached it’s low the 12-day EMA and the 26-day EMA was trending as a single horizontal line. This indicates that price is in a range bound movement between the levels of $0.006000 and the $0.008000.
On the upside, if the bulls break the upper price level, the crypto’s price will rise and reach the highs of $0.008500 and $0.009000. On the other hand, if the bulls fail to break the upper price level, the crypto’s price will fall back to the range bound zone. The stochastic is in the oversold region but above the 20% range which indicates that the price of Vechain is in a bullish momentum and a buy signal.