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VeChain (VET) Price Prediction: The VeChain (VET) price will hit $ 0.02-VeChain Token Swap

According to the latest VeChain news in CryptoNewz, the VeChain platform is ready for mega success this year. The price forecast for VeChain Thor is mainly influenced by the partnerships. The VeChain blockchain was developed for cross-industry supply chain management.

Since the VeChain token exchange, the blockchain has effectively served this purpose and sealed many VeChain partnerships. Those who use the VeChain blockchain trust it because it is tamper-proof and increases trust between retailers and consumers by digitizing assets. It enables fast and efficient tracking throughout the supply chain.

VeChain News Today – VeChain Thor price prediction

After the VeChain token swap was successfully completed last year, the VeChain news and VeChain Thor price prediction were positive. Since then, several VeChain Thor price predictions have come to light.

In our last VeChain news, we said that the price of VeChain has increased rapidly and the growth rate on the VeChain platform will soon be higher than the growth rate on the Bitcoin blockchain.

VeChain experts estimate that the price for VeChain will be at $ 0.02 before the end of 2019. VeChain will be priced at $ 0.258 before the end of 2021 and will be at $ 0.612 by 2023. Some others have predicted that VeChain’s price has what it takes to hit up to $ 75 by the end of 2023.

VeChain Thor Award

VeChain (VET) Price Today – VET / USD

Between last month and yesterday, VeChain’s price has increased by more than 48.61%. VeChain has recorded double-digit losses since the beginning of the day. The trading volume over a 24 hour period is $ 18,403,834 and the market capitalization is $ 347,690,541.

Note that the Vocational Training coin isn’t the only one trading red against the USD right now. Almost every cryptocurrency on CoinMarketCap trades in red, including the flagship cryptocurrency Bitcoin.

Analysts have suggested bloody Thursday is part of a market-wide price correction. Bitcoin has lost a significant portion of its profits and is currently trading at $ 5022. The good thing is that the support is strong at $ 5000 so a recovery is expected soon.

VeChain News Today – The future price of VeChain Thor

Even if VeChain’s price is currently red, it has managed to hold the support at $ 0.005357. This would prevent it from making lower lows. Even if the price of VeChain has gone down on the day, it has gone up over the past seven and 30 days. The growth rate is decent. Thanks to the VeChain partnerships that have already been activated, the blockchain still has a long way to go. Two VeChain partnerships that drive uptake are the partnership with BYD and Haier, but many more are in the pipeline.

3 reasons why the VeChain Thor VET price could rise again

After being renamed VeChain Thor earlier this year, VeChain is positioning itself as the platform of choice for advancing IoT, cloud computing and artificial intelligence technologies. Here are the three reasons why the price of vocational training is set to rise soon, according to Usethebitcoin.

1. The DNV GL Group partnership

The aim of the partnership is the digital low-carbon ecosystem DNV GL-VeChain, which aims to advance the goals of Det Norske Veritas and Germanischer Lloyd for sustainable development without harming the environment.

DNV GL will develop smart contracts for VeChain Thor’s blockchain to calculate and record the CO2 reductions of individual companies. Such a unique use of the VET blockchain will increase interest in the platform and thus raise the price of VET.

2. The trusted blockchain traceability solution

The VeChain platform provides a vaccine traceability solution in China after a recent pharmaceutical scandal rocked the country.

In VeChain Thor, the Chinese government has a platform that can provide a superior drug monitoring and testing solution. VeChain’s tracking capabilities are currently being tested in Shanghai before the solution is rolled out nationwide. Now the Chinese government will use the VeChain blockchain to collect and record vaccine data from manufacture, transportation, storage, distribution to hospitals and use.

This type of partnership, trust and personal responsibility has a positive effect on the price of VeChain Thor (VET).

3. The NTT Docomo partnership

NTT Docomo is the leading telecommunications company in Japan. In their Vision 2020, Docomo aims to deploy a high performance fifth generation (5G) high capacity network across Japan. The telecommunications giant has chosen VeChain as its first partner group.

VeChain found that:

“With our ongoing efforts to incorporate traceability use cases in Japan into our ecosystem, the 5G program will add value to VeChain’s presence in the region.”

The service will be on board on the VeChain Thor platform. Through the partnership, VeChain Thor will reach cross-border companies and thus expand the blockchain’s adoption network. Such early developments will no doubt reflect the price of VET.

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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

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