VeChain (VEN) Could Surge Thanks To Its VeChainThor Wallet
During the last two years, VeChain managed to gather a massive amount of experience in offering blockchain solutions to lots of industries that include luxury goods, auto, liquor, retail, logistics and many more. The blockchain launch could bring an essential change to VeChain.
Since the announcement of the VeChainThor wallet, the volume that’s being traded daily increased to $51,000,000 USD mark. VEN is currently trading at $2.66 USD on CoinMarketCap.
Currently, the token is at position 18 on the Coinmarketcap listings.
Reasons that could lead to a surge
There are a few elements that could trigger a surge, and they include the following:
VeChain stated that their wallet aims to be the most secure wallet in the crypto space. This can definitely be a great measure to prevent the hacks, and such a wallet would attract more investors.
DApps are open-source, and they operate anonymously without being controlled by a particular entity. VeChain says that their wallet will become the portal to various DApps on the VeChainThor.
Benefits for holders
VeChain said that their wallet is packed with lots of features, opportunities, and services and the holders will receive exclusive status within the VeChain ecosystem. These could include discounts and many more advantages which are essential in a competitive market such as the crypto space.
VeChain has lots of supporters at the moment such as LBank which is an Asian innovative digital asset trading platform that was founded back in 2016. It seems that they decide to support the VeChainThorBblockchain and the VET token swap as well.
VeChain’s growth over time has been really encouraging, and it could lead to a future bull run with the help of its new wallet and the functions that it’s flaunting.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.