There is no denial in the fact that despite the tremendous ups and downs of the market and bearish trends, Vechain somehow managed to maintain an ascending path by the end of the month.
As it was suggested by the majority of the analysts that VeChain needs to come up with some fresh ideas to boost up its price, it seems VeChain understood that part quite well. This is so because, since its downfall, VET has been trying incredibly to boost up its economy than any other altcoin.
INCREDIBLE EFFORTS OF VECHAIN
Speaking about its efforts, 2019 witnessed an enormous scenario of VeChain’s praiseworthy achievements as well as incredible partnerships.
Quite recently, VET partnered with one of the most renowned firms, Haier which is widely known for its enormous internet platform for customization solutions in the entire world. According to the partnership, VET is going to provide complete help to integrate the VET’s Thor Blockchain to Haier’s Cosmoplat solution.
Along with large lists of partnerships, VET also got added to the Crypto.com list. This is going to add up more value to it as users can now buy VET at zero fees.
As the present market scenario might depict that VET is the one in losses, that might not be a complete truth. VET might be slow-growing crypto but its more imperative to look at it as crypto in a continuously progressive mode.
This is so because VET is on its way to building a blockchain-based platform that does not only remain within the boundaries of the digital world but enormously integrates itself with the actual business ecosystems with utmost perfection. This in itself is a revolution as it quite strongly ensures that the modern enterprise will get the opportunity of implementing various functions of the blockchain technology.
THE FUTURE WITH VECHAIN
There is no denial in the fact that the VET is growing at a very slow pace as of now. However, the worth of the crypto must not be overlooked just because of a few bearish trends.
As of now the circulating supply of VET is 55,454,734,800 with a market cap of $224,528,173.
Well, let’s have a look at what might come across VET in the future.
As per the reports, the VeChain v4.0 is looking forward to featuring the introduction of cross-chain as well as sidechain technology and IoT integration. In fact, by the end of this year, the team plans to expand the boundaries for the crypto more than ever.
Not just this, but the VET is the firm that is currently joining hands with the Chinese government in order to create a new carbon ecosystem with enormous participants.
Moreover, by the third quarter of the year, the VET community plans to launch distributed data exchange.
Thus all this factor, altogether, contributes to the fact that VET will quite possibly touch the $0.20 mark by the end of 2019.