Since the beginning of the year, VeChain hasn’t just been busy with sealing partnerships but has also taken the lead in technical developments. In fact, it is the efficiency of the VeChain blockchain that keeps leading to VeChain partnerships. Its traceability solution is like no other and it is going to change the game within and beyond the supply chain management sector.
This month, VeChain entered a partnership with Bright FOODS per our previous VeChain news. Bright FOODS is a conglomerate of many companies in the food industry in China. With this VeChain partnership, companies under the Bright FOODS umbrella will use a supply chain management solution powered by VeChain. This system is called Bright Code and it’s only a matter of time until other companies start using similar systems.
VeChain News Today – VeChain Mainnet
The latest big development by the VeChain Foundation is the release of the VeChainThor v1.1.0 beta version. The organization made the announcement on their official Twitter page and the VET price has been surging since then.
The latest VeChain update was activated on block #2,898,800 on the VeChain testnet. If the public is satisfied with the update, it would be activated on the VeChain mainnet. With the VeChainThor v1.1.0 update, several changes were introduced. Some of these changes include Expose gasPayer to the VeChain virtual machine, extended transaction model support, API changes and Fork config for the custom network. To be fair, the price of VeChain was already on the bullish path thanks to the cryptocurrency bull run and all the VeChain partnerships that have been sealed recently.
VeChain Thor Price Prediction – VET Coin Price
VeChain (VET) Price Today – VET / USD
Even if the VET price is outperforming Bitcoin, it still hasn’t crossed the resistance at $0.0080 or reached its monthly high. So, the best thing for traders to do at this time is to keep holding their tokens. Long-term holders should keep recycling until 2020 while short-term traders should wait for a surge above the $0.0900 to $0.100 to buy. According to the smartereum’s VeChain Thor price prediction, the price of VeChain may hit $0.50 before the end of the year.
VeChain News Today – VeChain to Enter Italian market
The VET coin is the fuel that is used for one of the most promising projects in the space, VeChainThor. In our last VeChain news, we talked about how the VeChain partnerships will ultimately contribute to the growth of the token. We also mentioned VeChain plans to enter into the Italian market following Sunny Lu’s discussion about blockchain technology with the Italian Prime Minister. Already, VeChainThor is being used in the wine industry in Italy. So, being used by the government will be a big deal. Today, the VET price is green against the USD and against BTC following the major technical update implemented by the VeChain Foundation.
The Prime Minister of Italy is in discussion with blockchain technology. VeChain (VET) is reported to enter the Italian market soon. The VeChain Thor is already in use at Italy’s wine market. As per the latest report, Thor might be taken up by the Italian Government. The big news has contributed to the growth pattern of the cryptocurrency market, especially VeChain.
VeChain Thor V1.1.0 recently gave a big hike to the coin in the market. The same happened once again when the Italian government venture news broke out.