The crypto market looks amazing today, with the most important coins trading in the green. Bitcoin is racing above $60k, and the altcoins are doing pretty well too.
VeChain made headlines recently due to an important partnership, and the digital asset refuses to leave the spotlight.
According to the latest reports coming from Cryptoglobe, the enterprise-level partnerships and an emphasis on real-world deals have propelled the price of VeChain’s $VET token to a new all-time high.
The online publication mentioned above brought up a report by Cointelegraph, which says that VeChain has become validated in the eyes of large-cap investors due to a series of enterprise-level partnerships.
Just to refresh your memory, VeChain is a blockchain project that seeks to integrate decentralized governance and Internet of Things (IoT) technology with supply chain management.
VET hits new ATH
The VET token price has gone up around 642% vs USD in the year-to-date period.
At the moment of writing this article, VET is trading in the green, and the coin is priced at $0.1363.
The report cited enterprise-level adoption and a “wide array of use cases” for working in favor of VET.
A few days ago, the VeChain Foundation announced that Salesforce had “chosen VeChain as the blockchain of choice in a sample enterprise adoption case” and successfully connected VeChain’s Blockchain-as-a-Service (“BaaS”) platform, which is called ToolChain, with Salesforce.
Check out the tweet below.
We’re pleased to have worked with Daniel Nortje, Director of Strategy & Architecture at @Salesforce.
— VeChain Foundation (@vechainofficial) April 8, 2021
The feedback was really great following this news.
$VET has been on fire recently! Up 70% in the last 7 days, and over 600% YTD.
However, nothing moves in a straight line. #VET is hitting some resistance this weekend at 0.145, and the entire market looks hesitant.
Keep an eye on support at 0.12 and 0.112 just in case. pic.twitter.com/FGuNyRqFT9
— Justin Bennett (@JustinBennettFX) April 11, 2021
Someone commented: “It’s only the beginning, guys. Do not miss out. Vechain – the AWS of blockchain. $vet #vechain.”
Stay tuned for more news.