VeChain News Today – One of the factors that have allowed VeChain to stay relevant over the last few months is the fact that the VeChain Foundation has sealed many strategic VeChain partnerships. Some of the most popular companies in the world have partnered with VeChain to promote the integration of blockchain technology. In our previous VeChain Thor price prediction, and VeChain news we talked about how the VeChain Thor blockchain is attracting enterprises because of its efficiency as a decentralized computer. Now, the founder of the blockchain, Sunny Lu, has said that the VeChain blockchain needs a larger ecosystem and more VeChain partnerships if it is truly going to impact the world.
VeChain News Today – VeChain Latest Update – VeChain Price Forecast – More VeChain Partnerships On The Horizon
One thing that the VeChain community has come to agree on is that the VeChain partnerships so far have not had any significant effect on the price of the token. Lu believes that for a real price jump to happen, more strategic partnerships need to be made. These global alliances will create more awareness for the VeChain blockchain and in extension the VET coin. True, VeChain has already partnered with some big names like PwC, Deloitte, DNVGL, BMW and many more. However, bigger names need to be added to the list.
These already sealed deals have supported the price of VeChain over the last few months but it hasn’t been able to cross the $1 mark. There are still strong bearish trends in the market indicating that the VeChain Foundation needs to be more vigilant and seal new deals. More VeChain partnerships will allow the VET coin break the stagnation and surge higher this year. After all, our VeChain Thor price prediction has been bullish since the beginning of the year. Taking to Twitter, Sunny Lu said;
VeChain (VET) Price Today – VET / USD
“True story. I did say that and we do need more builders along with big names like pwc, Deloitte, DNVGL and etc. SMEs and startup teams in VeChain Ecosystem are able to learn from them and contribute with proper support from #VeChain https://twitter.com/aryzeofficial/status/1140607568286560256”.
Other members of the VeChain community agreed with Lu stating that more VeChain partnerships will eventually lead to mass adoption of the blockchain. Since the beginning of the year, the VET token has done well. It’s about twice the value it was in January.
VeChain News Today – VeChain Latest Update – Current Price Of VeChain VET – VeChain Thor Price Prediction
At the time of writing, the price of the VET coin was $0.007226. This means that it is down by 2.18% against the USD and down by 3.43% against BTC. The trading volume over a 24 hour period is $19,713,377 and the market capitalization is $400,716,230. Right now, the trend is bearish and the most significant resistance level is at $0.0090. If the price of the VET token is able to rise above this resistance, it will test $0.01 and pave the way for more gains near-term. The VeChain Thor price prediction may be bearish near-term but the growing number of VeChain partnerships support a bullish VeChain Thor price prediction. This is why the current price presents the perfect buying opportunity.
What do you think about the VeChain Thor price prediction in our VeChain news today? Share your thoughts in the comment section below.
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.