- VeChain (VET) striding towards attaining new highs.
- At the time of writing, VET has been up 10.2% in the last 7 days.
- VeChain is now the 23rd largest cryptocurrency.
VeChain continues to rise as it takes a positive turn just right after the global crypto bull in September. The increase in the demand for the coin has aided the coin to surge in the last couple of days. Thereupon, VeChain (VET) trading volume is up 33.62% in the last 24 hours.
VeChain broke out from its downtrend and commenced a much-applauded breakout in the past few days with a 10.2% gain. Thereby, becoming the 23rd biggest cryptocurrency in the world by market value.
Even so, many investors feel VET is still undervalued compared to the overall market. Hence, investors are troubled as to why the crypto has been slow to move despite having so much adoption. On the flip side, though the crypto is down by 11.77%, and trades at 0.1272, some are still optimistic that Vechain (VET) will rise to $1 in no time.
Ultimately, VeChain provides blockchain solutions for businesses around the world by leveraging the VeChainThor blockchain. The native coin of VeChain VET while VTHO is the gas token used for transactions on the VeChainThor blockchain just like Ethereum’s gas
In other news, VeChain recently announced it received a certificate from China Association for Standardization, a body under the State Council. The association awarded VeChain as a result of their great contributions to the T/CAS 493-2021 Standard for household electrical equipment.
Additionally, VeChain partnered with Travala.com to enable VeChain holders access to book flights. And also, sponsor an entire trip to Belgium using VET. Thus, boosting VeChain adoption.
Finally, with the numerous adoption and use cases, VeChain is definitely one crypto to watch out for as it may take off at any time. Like many other cryptocurrencies, VET’s subsequent rise to match recent big gamers like Shiba Inu, Dogecoin, Solana is just around the corner.