While coins like Algo, ATOM, Tezos, HBAR, and SOL have been killing it these last couple of Months, VeChain has been somewhat stagnant.
Vechain is a crypto currency that focuses on supply chain. It enables businesses to add sensors to their inventory (like RFID tags). This data is then recorded on the block chain.
There are five companies that have “strategic” partnerships with VeChain. DNV, PriceWaterhouseCoopers, National Research Consulting Center (China), Yida China Holdings and BitOcean, a crypto exchange.
VET doesn’t really have any competitors to worry about. Yet in the last month it’s only up about 10%. ALSO, it’s all time high for the year was about 28 cents.
Just looking at the analytics, VET is a good steal right now. It’s market cap is sitting right at 25. It should be in the top 15, and if that were to happen, the price would be about 18 cents.
VET is mainly a Chinese used token at this point. But has a lot of room to grow. What do you guys think?
Not financial advice and I’ve been holding VET for over a year.
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