VeChain News Today – Headlines for June 17

  • VeChain is one of the top performers for the month
  • VeChain’s price has doubled in the last 30 days
  • VET is trading up by 15% in the last 24- hours

VeChain News Today – following the parabolic rally that took VeChain up in the past month, today the coin has posted strong gains after correcting on Sunday. At press time the number 26 largest coin by market cap, VET, was 15% up in the last 24 hours. The coin is trading at $0.0091. Today’s price rally for the digital asset comes after a strong month.

The Shanghai-based Blockchain network has posted gains of more than 100% in the 30 days of trade. The current price rally, which is shaped like a parabola, corrected lower strongly on Sunday. However, the price of the coin has since gained momentum and pushed up to its current level today.

VeChain is Among the Top Performing Tokens This Month

It is safe to say that in the last seven days, among the top 30 digital currencies, VET has become one of just three digital assets that have seen their stick appreciate (doubled in value) in the last 30-days. VET/USD has risen by 21% in the last seven days. Meanwhile, the other two digital assets that had gained too in this period include Maker (MKR) and Zcash (ZEC)).

Both are up by 2%. The current market structure for VET is similar to that of a parabola after the coins’ recent one-month strong rally. The recent gains for the digital asset come after the crypto exchange Coinbase said it is “exploring the possibility of adding of VET to its long list of digital assets for trading. The peak point of the current parabola structure has coincided with the announcement from Coinbase on June 11.

VeChain Was Recognized a Blockchain for Practical Applications in Supply Chain Management

Apart from the Coinbase listing, the German Federal Office for Information Security announced that VeChain was one of eight Blockchain networks with the potential for practical applications in supply chain management. This also includes the Blockchain’s ability to forge partnership due to its cooperation with many large firms. The gains posted by VeChain today also happened as the broader market saw a strong rally. This can be seen among some of the digital assets considered to be added to Coinbase.

Apart from VeChain, Coinbase announced that it might also include altcoins like MKR, ren (REN), and siacoin (SC) for trading on its exchange. Now, these coins are posting gains with the ranges of 2% to 30% over the last 24-hours of trade at press time. These coins’ have also posted double-digit gains in the last seven days. The token Livepeer (LPT) dropped by 8% in the past 24-hours, but it managed to appreciate by 35% in the last seven days.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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