VeChain news has been trending in the cryptocurrency space along with VeChain Thor price prediction and VeChain 2019 forecast. This is because since the beginning of this year, the VET coin has been on fire along with the VeChain blockchain. More names have been added to the list of VeChain partnerships and this is because the VeChain blockchain has many use cases that are efficient in the supply chain industry and beyond. So far, the price of the VET coin has increased by more than 50% in this year alone. Before the end of the year, the price of VET will still reach higher highs against the USD.
VeChain News Today – VeChain Price Prediction – VeChain Price Forecast – VET Coin – VET/USD
According to a VeChain technical analysis on Bitcoin Exchange Guide, the price of VeChain has increased by over 50% since the beginning of the year. Since December 2018, the price of VeChain has gone up by 81% from $0.0033. While the VeChain partnerships and general market sentiment have contributed to the rise in the price of the VET coin, a VeChain community member on Reddit has suggested that the price of VeChain may be rising because some VeChain tokens have been burned. The user claimed that 20 million units of VET tokens have been burned reducing the circulating supply and subsequently increasing the price of the VET coin.
The writer in Bitcoin Exchange Guide, however, has suggested that the 20 million tokens may have been migrated rather than burned. The writer made reference to all the VeChain partnerships that have happened so far with the most recent ones announced during the VeChain summit. For starters, BMW debuted the VerifyCar app in partnership with VeChain. Using the VeChain nodes, the VerifyCar app will curb the incidence of auto fraud in Germany. Things like odometer manipulation will be identified with the app. This is going to save the auto industry in Germany up to 6 million Euros yearly.
Let’s not forget that our previous VeChain news was about a collaboration between VeChain, Adidas, SBTG and the producers of Game of Thrones, HBO. This was another win for the VeChain blockchain which also supported the VeChain Thor price prediction amid a bear market.
By adding more big names to the VeChain partnerships list, the VeChain Foundation is ensuring the future of the VeChain blockchain and the VeChain token. In time, these VeChain partnerships are going to drive adoption to the VeChain blockchain and this would be followed by a rise in the price of the VET coin.
VeChain Thor Price Prediction – VeChain News – VeChain Coin – VET Coin Current Price
At the time of writing, the price of VeChain VET was $0.005818. This means that it is down by 6.02% against the USD and down by 4.67% against the price of BTC. While the price of the VET coin is down from its recent high above $0.0800, it is still higher than it was in December. Also, the current price of the VET coin should not be used to determine the VeChain Thor price prediction 2019 and beyond.
VeChain (VET) Price Today – VET / USD
What do you think about the VeChain Thor price prediction in our VeChain news today? Following a rise by more than 50%, What are the odds that the price of VeChain will gain more before the end of the year? Share your thoughts in the comment section below.