VeChain (VET) Is Green, Up By 100%, But The Bulls Aren’t Running Out Of Steam, When Will VeChain VET Hit $0.50?

VeChain VET News Today – The price of VeChain VET is no longer stalling as it was in the beginning of the year. Now, VeChain VET and almost every other altcoin in the market is surging significantly in altcoin season. They are outshining the flagship cryptocurrency, Bitcoin. Even if the price of VeChain is up significantly from the beginning of this year, the bulls have just begun and a more significant rise in price is coming soon. As a digital asset investor, you need to prepare yourself for the upcoming surge in the price of VeChain if you want to benefit from it. Per our previous VeChain Thor price prediction, the VeChain partnerships and developments will lead to a surge in the price of the VET token. The current price action of VeChain is evidence of the power of the bulls. In our VeChain news today, we would discuss how this VeChain bull run to $0.50 will kick off as we answer the question; what happened to VeChain?

VeChain News Today: What Happened To VeChain? VeChain Latest Update – VeChain Thor Price Prediction – VeChain Bull Run Has Just Begun

The VeChain blockchain is different from any other blockchain because it uses the proof-of-authority consensus mechanism rather than the proof-of-work that Bitcoin uses. Also, it is the first blockchain that was created specifically for the supply chain management sector. It has all the features of a decentralized blockchain but it is also easy to manage like a centralized one. This is why the VeChain blockchain has been nicknamed the Ethereum for business. This is one of the factors that makes VeChain attractive for businesses. In fact, VeChain is going to be one of the blockchains that would take the lead in the next industrial revolution.

VeChain (VET) Price Today – VET / USD

Name Price
bitcoin
Bitcoin
$10,450.003.24%
vechain
VeChain
$0.00450.299%

Apart from its unique properties, the VeChain Thor blockchain has been able to gain popularity because of the VeChain partnerships. Ever since the VeChain mainnet launch and the VeChain token swap, the VeChainThor blockchain has been attracting partners. These VeChain partnerships have been promoting the VeChain Thor blockchain and supporting the VeChain VET token price. During the VeChain summit, Sunny Lu, the CEO of VeChain, was in a discussion with the Italian Prime Minister. Considering the fact that Vechain already made a move into the Italian market by entering the wine industry, talking directly with the government will only speed up the adoption of VeChain in Italy. Let’s not forget that the VeChain development team also recently launched the VeChain Thor V1.1.0 on the testnet. This gave the price of VeChain VET a spike.

VeChain News Today – VeChain Latest Update – VeChain VET Current Price – VeChain Thor Price Prediction

At the time of writing, the price of VeChain was $0.007883. This means that it is up by 3.70% against the USD and up by 1.73% against the BTC. The trading volume over a 24 hour period is $20,428,367 and the market capitalization is $437,159,547. Over the last one month, the price of VeChain VET is up by 14%. In January, the price of VeChain VET was $0.003958. This means that it is up by more than 100% within the last 4 months. At its current growth rate, it’s only a matter of time until VeChain VET hits the predicted $0.50 level. The VeChain Thor price prediction 2020 places the price of VET at $1 before the end of the year. So, long-term traders are encouraged to hold.

What do you think about the VeChain Thor price prediction in our VeChain news today? Share your thoughts about the VeChain VET price 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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