VeChain Price Predictions 2021: USD / VeChain Price Analysis (VeChain News Today) VeChain Price Today – VeChain Vocational Education News Today

VeChain has done well for a third generation blockchain. Last year a mutually beneficial partnership with BYD was announced, as reported by smartereum. The partnership was impressive because it came about a month after the drop. BYD is the largest electric car manufacturer in China and one of the world’s top manufacturers of electric car plug-ins.

VeResearch continues its mission to build a global scholarship program that conducts research with academic communities and helps find practical answers to high-level industrial challenges. The program has worked closely with several high profile academic institutions such as Michigan State University, the University of Oxford, Dartmouth College, Tsinghua University and South China Normal University, blockchain-based ecosystem design and more.

VeChain price forecast

Vechain has been trading in a downtrend since August 2020 and remained unchanged during the Bitcoin rally in December before finally experiencing a massive price explosion in late 2020. Several key figures and indicators show that VET can increase even further in the short term.

Vechain price can continue to climb towards $ 0.04

Despite the massive rally towards $ 0.0322, several indicators continue to show that VET can rise. Vechain coin ownership over time has not changed much in recent months, and around 95.91% of addresses have been in possession for at least a year, suggesting that they expect the price of Vechain to continue to rise.

VeChain story

In the cryptocurrency industry, VeChain has been renamed from VeChain (Ven) to VeChain (VET). The launch should mark the beginning of a new era for cryptocurrency in the industry. VeChainThor was also launched, followed by an air drop slated for August 1st. On the day of the migration to VeChain (VET), the network had a market capitalization of more than seven million. The network has also made many updates since then, with the community fully supporting the development team.

How has VeChain developed since the start of the mainnet?

VeChain also partnered with the People’s Insurance Company of China, also known as PICC. The network seems to be the favorite for Chinese companies. The aim of this partnership is to digitize the insurance industry by making data management more efficient through blockchain technology.

VeChain (VET) was listed on HitBTC two days ago and has teamed up with RFID chips and NFC for easy traceability and management. This is far more than many other cryptocurrencies can show just a few months after the start of the mainnet. This means that the future of VeChain is bright.

VeChain price predictions 2021

VeChain can reach up to $ 75 over a five-year period. So when you look at the type of return it can offer, it’s huge. This is the reason why many of the cryptocurrency investors want to invest in this token.

With the versatile blockchain that this cryptocurrency offers, it will be easier for investors to get a good return by investing in this cryptocurrency. This is one of the main reasons why this cryptocurrency can grow significantly in the future.

However, you need to take into account that it is a lesser known cryptocurrency. Because of this, the volatility in the cryptocurrency is higher. If you are brave enough to deal with this volatility, this is one of the best cryptocurrency options you can deal with right now. This is why you should look into this cryptocurrency if you want to not only diversify but also get a good return on the cryptocurrency space. This also automatically gives you diversification.

The presentation was presented to a select audience but streamed live on YouTube. Using images that looked like a fusion of The Lord of the Rings and Blade Runner, the video, which runs for about 38 minutes, describes Vechain’s rebranding and reveals its new partnerships.

VeChain’s (VET) cryptocurrency performed strongly in early 2018, increasing in value by 500 percent. This makes VeChain one of the top 5% of the cryptocurrency performers of the year.

VeChain owes its success in part to offering a use case that is different from most cryptocurrencies. Instead of being a dark coin meant to hide transactions, VeChain is referred to as a white coin. A white coin is supposed to increase the transparency of transactions and thus “create a trustless and distributed business ecosystem that enables a transparent flow of information, efficient cooperation and rapid value transfer”.

This use case, which could particularly appeal to manufacturers and consumers of luxury goods, could officially bring VeChain together with BMW just hours before the announcement of their rebranding.

So if you are looking for a cryptocurrency that can give you multi-digger returns, this is one of the best places to go for a look. The underlying application of this particular cryptocurrency is pretty powerful as well. Because of this, many investors believe that it can also rise astronomically in the future. This benefits both platform users and cryptocurrency investors. This is the reason why this cryptocurrency should not be overlooked at the current level as it has fallen significantly from its peak. (We listed this comment before the announcement.)

New partnerships show strong support

In addition to the BMW partnership, VeChain has announced a collaboration with the University of Oxford to support the development of the VeChain THOR platform. South Korean Exchange Coinnest has also added VeChain to its trading platform to improve the renaming of its token.

Vocational training could theoretically be used to track the authenticity of goods through the market to the buyer. This is great reassurance in a world full of counterfeiting and something impossible to do with traditional currency.

The same tracking technology can be used in the fishing industry to ensure that fish is sourced from legal locations and that humane practices are followed. To achieve this end-to-end transparency, a microchip must be installed in each product, which is logged in the distributed general ledger.

When VeChain becomes VeChain THOR and VEN is listed as Vocational Training, their blockchain will run on a two-coin system. THOR will be a separate from VET product that can be purchased by staking VET in a wallet. For complete instructions and usage, see the THOR calculator website: https://thorcalculator.com/.

When you add the prestige of BMW and the awards from Oxford University, there is little doubt that when VeChain takes up the hammer of the gods as VeChain THOR, it will continue to grow as resiliently as it began.

VeChain THOR (VET) Rebrands & Partner with BMW

It’s official, VeChain (VEN) has officially been renamed VeChain THOR (VET). As of now, the coin still has to be updated on CoinmarketCap or major cryptocurrency exchanges such as Binance. At the time of going to press, VET is currently the only cryptocurrency in the top 20 digital coins.

The coin was launched on November 26th last year and has grown astronomically since then. The coin has grown to this day 2200%. VeChain Thor is already an out-and-working product that allows companies to track their products across the entire supply chain cycle across the blockchain. This helps in ensuring the quality and authenticity of the products. There are already many luxury goods stores, food / pharmaceutical companies, and logistics companies using this ecosystem. This morning it was announced that the VeChain THOR team has just sealed its largest partnership to date.

BMW

When VeChain THOR was officially launched this morning, its team announced that it will be teaming up with global automaker BMW. This new collaboration could potentially catapult the coin to brand new highs. Project CEO Sunny Lu announced the partnership in the video below.

In addition to the BMW partnership, VeChain THOR announced a collaboration with Oxford University. The world famous university will assist with the technical development of the VeChain THOR platform. This is not the first time a university has connected to a blockchain project. Arizona State University announced its partnership with DASH just last month. Using bright young minds to collaborate on project development is a good step for the project – it has the potential to bring new ideas to the table.

In addition to the partnership, South Korean cryptocurrency exchange Coinnest VeChain has added THOR to its trading platform, offering direct fiat for vocational training. You can check out how the coin pairs on the platform here: https://www.coinnest.co.kr/market-vet. I expect the transition from VEN to VET on the major exchanges and indices will take a few days. Stay tuned as we continue to be kept up to date with the latest developments from VeChain THOR.

Will the rebranded coin bring the thunder and hit all-time highs in the near future? We will see. What are your thoughts? Comment below. Source cryptocurrencynews

Andreas Kaplan is a freelance cryptocurrency and blockchain writer.