What Coin Bureau Just Revealed About Vechain VET & Why VET Will Hit $25

what coin bureau just revealed about v-chain v-e-t and why v-e-t will hit 25 v-chain is one of the foremost supply chain focused blockchain projects currently out there they continue getting quite a bit of attention since their main net launch from june 2018. this was the main net launch that saw them release their native vet tokens that have been increasing volume across a number of exchanges however v chain is not alone in its supply chain focus and there are a number of companies and projects that have launched since then so with so much competition is v chain still worth considering and will vet hit 25 dollars to know the answer watch the video till the end hi v chain lovers welcome to v chain land your daily dose of v chain if you're interested in everything around vechain this is the place for you make sure to hit the like button and subscribe for us to provide you with more vechain news and let us know in the comments how much you think vechain will cost next week before we get to the topic let's do the price analysis of vechain as of the 18th of july v chain price analysis is bearish for the next 24 hours as bears have pushed vet away from the previous miner support of around 0.07 therefore we expect vet usd to reach the 0.06 dollar support next as massive rejection for further downside was seen around the price area on the 22nd of june the overall market trades in the red over the last 24 hours bitcoin has lost 0.5 percent while ethereum is around 0.7 the rest of the top altcoins have seen a loss of around two to four percent vet usd traded in a range of 0.06374 to 0.06885 indicating substantial volatility over the last 24 hours trading volume has decreased by 10.8 percent and totals 389 billion dollars while total market capitalization trades around 0.2 billion dollars ranking the cryptocurrency in 23rd place overall vechain price action continues to decline over the past week after a medium-term lower high was established around 0.095 on the 29th of june this rally came after a rapid spike lower at the end of june with a 0.06 dollar price mark stopping further downside over the past week we can see vet usd targeting the 0.06 dollar support once again with a steady decline along the 50 period moving average redline on thursday vet usd broke below the 0.07 dollar support and bears continued to push the market lower since then v chain price action trades in between the 0.07 previous support turned resistance and the 0.06 dollar as long as a sharp reversal is not seen we expect vet usd to reach the previous major support of around 0.06 dollars over the next 24 hours now let's get back to the topic v chain is an interesting spin on the uses of blockchain technology started in 2015 it's focused on business applications primarily in the logistics field through supply chain management that provides tracking quality control inventory management and much more the main net for vechain was launched back in june 2018 and the project has pushed forward strongly since bringing many partners into the vechain ecosystem in fact hardly a month passes without the project announcing a new partnership or business that's adopting the vechain technology it has become a part of the pricewaterhousecooper incubation program is working on a proof of concept with bmw and renault and has recently partnered with australian winemaker penfolds to provide proof of authenticity for their wines being delivered to china unfortunately for investors all of these strong partnerships have had little impact on the price of the vet token which fell throughout 2018 failed to mount much of a recovery in 2019 in early 2020 and then dropped again following the march 2020 meltdown in traditional financial markets also of recent concern is the december 2019 hack in which roughly 6.5 million dollars worth of vet tokens were stolen we'll discuss below how the hack played out and whether it remains a security concern at this time the vechain project has continued to forge ahead nonetheless bringing new partnerships on board starting new pilot programs and growing in the business space this hasn't been reflected in the token price yet but it does point to increased adoption which should eventually be reflected in the token price proof of authority 1.0 and 2.0 v chain runs on a proof of authority poa consensus model that requires nodes be authorized before they can participate in blockchain consensus once a node becomes authorized it joins the pool of other authorized nodes and each has an equal chance of publishing new blocks and receiving rewards under this system the rich nodes have no advantages and there is no requirement for nodes to compete with one another and use vast amounts of resources the poa system also features efficient bandwidth usage which leads to higher throughput for the network this equates to a greater number of transactions per second and increases the scalability of the network it has become a part of the price waterhouse cooper incubation program is working on a proof of concept with bmw and renault and has recently partnered with australian winemaker penfolds to provide proof of authenticity for their wines being delivered to china unfortunately for investors all of these strong partnerships have had little impact on the price of the vet token which fell throughout 2018 failed to mount much of a recovery in 2019 in early 2020 and then dropped again following the march 2020 meltdown in traditional financial markets also of recent concern is the december 2019 hack in which roughly 6.5 million dollars worth of vet tokens were stolen we'll discuss below how the hack played out and whether it remains a security concern at this time the vechain project has continued to forge ahead nonetheless bringing new partnerships on board starting new pilot programs and growing in the business space this hasn't been reflected in the token price yet but it does point to increased adoption which should eventually be reflected in the token price while vechain is targeting several different markets its core focus remains on the supply chain and logistics industries it has also been developing its smart contract functionality and has its eyes on delivering internet of things solutions the focus on the supply chain industry makes sense as this is a massive multi-billion dollar industry that can benefit immensely from the addition of blockchain technology vechain has already forged several partnerships with luxury brands to develop blockchain tracking systems that will serve to maintain the authenticity of products whether that be luxury handbags premium wines or the service history of automobiles some market analysis indicates v-e-t is going to hit 75 dollars default it means v-chain will attain 25 dollars and then surge its way above 70 however if v chain is to hit 75 the coin's present market valuation must rise by over 140 000 but the project has the potential to hit 25 within the next three to five years we would like to again highlight how big of the opportunity can be seen here so what is stopping you to go for v chain as it has the potential and future to go bullish and big well that's it for today's video guys and make sure to subscribe and give us a thumbs up see you next time on vechainland the cryptocurrency market is highly volatile and the rates keep on changing therefore by the time you watch this video the coin prices would have switched to a whole different range also we would like to mention that this is not a channel intended specifically to provide financial advice and we do not ask you to invest in any company this is merely a channel directed towards bringing educational content to your doorsteps with that in mind before you invest in anything we recommend you do thorough wide spectrum research on the topic well that's it for today's video guys and make sure to subscribe and give us a thumbs up see you next time on vtainland you

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