Vechain (VET) is amongst the crypto coins in the market waving bye to the deepening effect of the market with added value almost every day.
While some cryptographic projects are witnessing downfall in the last 24 hours of the market, Vechain stood out imposingly among its contemporaries. As at press time, Vechain blockchain cryptocurrency added about 5% to its value in the last 24hours according to Coinmarketcap.
Also, Vechain (VET) has been on the upside trend since the beginning of the week.
These amongst others, erupted some questions in the space bordering; what could have made the coin witness a rapid change in the market? Is Vechain signaling its future potential?
What Underpins Vehain (VET) Rise In The Market?
According Coinmarketcap, Vehain’s value has not plummeted since the last 7 days as the coin continues to maintain its stand around the $0.00420 resistance mark. But since the last 2 days, the cryptographic project heightened the tempo of its up-rise trend in the market, pushing for a better price.
At the moment, Vechain’s resistance mark holds around $0.00480.
Nevertheless, for those who have been following the project for quite a while, the gain is undoubtedly an anticipated one due to the glory and accolades the coin bagged in recent time.
Lately, three top wine making companies in Rome, Italy penned an official partnership deal with Vechain to make use of a dApp developed by blockchain technology in collaboration with DNV GL.
The three Italian companies who were noted to be the first to adopt the blockchain-powered solution, My Story, would be using it to enhance the digital trust in the origin their products by telling the true story of the product.
Few days later, Vechain introduced two major developments – Sync v1.0 and Connex V1.0 to help speed up transactions on the blockchain network and as well promote decentralized applications and their developer’s activities on the technology.
Previously in December, Vechain (VET) made huge inroad in Cyprus, making it become a household name in the county. The solution offered by the blockchain technology was greatly embraced in the country for many use case to the extent that it was granted the opportunity to showcase its solution to the Cyprus Securities and Exchange Commission (CYSEC).
To buttress more on the development, it was reported by Today’s Gazette that the year 2019 will witness the launch of the cryptocurrency payment gateway by two top firms in the country.
Unquestionably the pathway for Vechain (VET) to thrive in the year 2019 is clear. Its supply chain solution is bagging more credence as days unfold. Due to the adoption the cryptographic project witnessed in recent time and the envisioned ones, Vechain (VET) is signaling its future potential, and its value is bound to skyrocket in the next few days.