VET Surges Higher Following Latest Of VeChain Partnerships

VeChain partnerships often lead to a surge in the VeChain Thor price. For more than seven days, cryptocurrency news has been rather positive. The entire cryptocurrency market has been gaining more against the USD even if they are still struggling to retain these gains. VeChain hasn’t been left out and the price has been strongly supported by the deal with Haier, the latest of the VeChain partnerships.

VeChain Partnerships: VeChain Enters Partnership With Haier As VeChain Thor Price Spikes

VeChain is one of the few networks that were able to seal deals and enter partnerships amid the cryptocurrency bear market. Yesterday, when the price of Bitcoin was correcting lower against the USD, VeChain held its level above a key support. It was up by 3.35% against the USD and 2.3% against BTC. At the time of writing, the VeChain Thor price was $0.005281. This shows that it is up by 0.91% against the USD and up by 0.16% against BTC.

VeChain (VET) Price Today – VET / USD

Name Price24H (%)
Bitcoin (BTC)
$10,356.00
-5.28%
VeChain (VET)
$0.005930
-3.83%

VeChain partnerships are all directed to the growth and development of the network. The latest one with Haier will allow VeChain to integrate the VeChain Thor blockchain to Haier’s Cosmoplat solution. While this integration may not influence the VeChain Thor (VET) price short-term, it is certainly going to boost its adoption. More people will learn about VeChain from Cosmoplat.

In case you do not know, Cosmoplat is the largest industrial internet platform in the world for customization solutions. This is the latest in the ever-growing list of VeChain partnerships. While it isn’t going to involve the use of the VET token, the VeChain Thor blockchain will be used for data management. One way of the other, this will influence the adoption of the VeChain (VET) token. It has already generated a lot of social media engagement with members of the cryptocurrency community wondering if buying the token might be a good idea now that it is affordable. One Twitter.com user with the name Crypto Bravehearts said:

“$VET #VET update: We bought another bottom, but this is a special one, because #VeChain is, in my opinion, the most professional and promising #crypto project. Huge partnerships, worldwide connections and it started to apply their tech in the real world, not only promises.”

While the VeChain partnerships are taking the spotlight, another development that may spur up adoption is the upcoming debate about blockchains. VeChain will be represented as the community debates on private and public blockchains. While this may seem like a small thing, it is, in reality, a big deal. Another Twitter user named Jérôme Grillères had this to say about the development;

“I am very pleased that @GS1France selected @vechainofficial to be in the panel of this very interesting debate (for French speakers). Look forward to discussing public vs. private blockchains and where the major disruptions will be coming from.”

Traders are already beginning to accumulate at the current VeChain Thor price. The price of the VET token has been predicted to spike significantly this weekend and people are buying now to sell later. Keep in mind that the cryptocurrency market is volatile and unpredictable. So, the fact that analysts have predicted a surge in the price of VET in the coming weekend doesn’t mean it is certain. We all have to wait and see.

What do you think about the VeChain partnerships that have been making headlines since last year? Share your thoughts in the comment section.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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