In the summer of 2017, VeChain reached a high of $2 31. However, it dropped as low as $0.25 shortly after. Just when investors were losing faith in VeChain, the price rose to $8.02 during the Bitcoin bull run in January 2018. Throughout the year, however, the cryptocurrency winter affected every cryptocurrency including VeChain. This year, VeChain has the potential to sell as high as $19.6. Considering the current price, this would be a good RIO for traders.
Many experts in the cryptocurrency space have made their VeChain Thor price prediction. The 2020 VeChain price prediction places the price of VeChain in the $21.02- $30.92 range by the end of the 2020 and $41.5 in the next five years. As long as the cryptocurrency market continues to evolve and make progress, VeChain will have what it takes to move this high. According to the news of U°Today; the VeChain news and VeChain Thor price prediction is set to be around $21.02- $30.92 by December 2019.
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VeChain Thor Price Prediction – VeChain News
VeChain (VET) Price Today – VET / USD
Please enter CoinGecko Free Api Key to get this plugin works.VeChain is one of the altcoins that have value because it solves real-world problems. The price is also affordable. So, the money that would be used to buy a single Bitcoin can be used for thousands of VET coins. The VeChain Foundation has sealed many partnerships. One thing that makes the VeChain blockchain different from others is that it uses the proof of authority mechanism. This system depends on identity validation through authorized nodes and not consensus.
The VeChain blockchain is a tracking platform for supply chain management that is also used as a host for dApps just like Ethereum. However, it is faster, more decentralized and more streamlined for business activities than Ethereum.
VeChain has popularly been nicked named “Ethereum for business”. The VeChain blockchain and the VET token have grown faster and more efficiently than anyone expected.
VeChain Expands In The Market With New Partnership With Chinese Electronics Giant
According to the Usethebitcoin; Haier, one of the largest collective multinational consumer electronics firms in the world, held an event called “Global Release of the Achievements of COSMOPlat Industrial Internet Eco Brand Platform.” There, they announced a new strategic partnership with Vechain and also DNV GL.
COSMOPlat is a platform known as Internet of Clothing (IoC). This platform is expected to be using VeChain’s technology and blockchain to create a blockchain-based clothing life cycle management platform.
According to Mr- Zhang Weijie, the Executive Director of Haier Institute of Industrial Intelligence, the cooperation will be improving the clothing lifecycle.
On the matter, he commented:
“This strategic cooperation empowers the clothing lifecycle management system through public blockchain technology, enhancing consumers’ trust which is becoming essential for a business to succeed. An ecosystem approach is the best way to increase levels of transparency and trust, with innovative solutions that bring together various technology elements combined with verification activities.”
The new platform built together is called MyStorey and it will allow customers to identify information about products just by scanning a simple QR code. In this way, users will know which items were used during the manufacturing process. That would provide transparency to both companies and users.
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