VeChain partnerships have always been the pillars that hold the VeChain Thor price and the VeChain community together. Over the last few years, the VeChain Foundation has made a lot of progress in this regard. The price of the VET coin has been relatively bullish even if it has had to endure some hurdles along the way. In our previous VeChain news, we talked about how VeChain has the potential to sell as high as $1 by the end of the year. According to the VeChain Thor price analysis on CryptoNewz, however, the price is VeChain will rise to the $0.25 level before the end of the year thanks to the latest VeChain partnership.
VeChain Thor Price Prediction – VeChain News Today – VeChain Latest Update – VET/USD – What’s Next For VeChain?
A few days ago, VeChain announced that it had entered a partnership with three major firms in Norway. The goal of the partnership is to increase the profit ratio of these companies by replacing their already existing supply chain management systems with the VeChain blockchain which is cheaper and more efficient. Last year, VeChain teamed up with DNV GL to create a traceability solution for supply chain management. This solution is making waves across the globe and would now be used by three firms in Norway for quality assurance during the transportation of food to China.
Fresh products like food supplements, seafood, and other products that are sent to the Chinese mammoth market will now be traced using VeChain DNV GL. One of the biggest challenges this chain has been facing is lack quality assurance and VeChain DNV provide the perfect solution to this problem. Things like origin verification and validation will be done with the VeChain solution. The VeChain blockchain is tamper proof. It is also 100% transparent making it efficient for improving trust. Trust is difficult to achieve in any supply chain management sector.
Thanks to its efficiency, the VeChain DNV GL is now among the largest business assurance firms in the world. It’s only a matter of time until it reaches mass adoption as more companies across the $50 trillion supply chain industry start implementing it. The more people learn about the VeChain blockchain, the more popular the VET token will become. This will eventually lead to an increase in demand and a surge in price.
VeChain Thor Price Prediction – VeChain News Today – VeChain Current Price – VET VeChain
At the time of writing, the price of VeChain was $0.007515. This means that it is up by 0.73% against the USD and down by 1.53% against the price of Bitcoin. The trading volume over a 24 hour period is $13,978,617 and the market capitalization is $416,726,899. The price of VET is up by 30% within the last 30 days. VeChain VET was trading at $0.003980 in the beginning of the year and is now trading at $0.0075. This shows that it has gained almost twice its opening price. If it continues to grow at its current rate or the pace increases, VET will hit $0.25 before the end of the year.
What do you think about the VeChain Thor price prediction in our VeChain news today. Share your thoughts about the price of VeChain 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.
