VeChain (VET) is another coin that is booming these days amidst the bullish market moves.
It’s been just revealed that real-world partnerships and integrations into all kinds of thriving industries are some of the best forms of validation for blockchain projects that seek some long term sustainability and widespread adoption as well.
They have the ability to spark rallies that are triggering long-term price appreciation as the brand awareness is spreading.
Price boosters for VET
Since back in February, according to the notes coming from Cointelegraph, various use cases and enterprise-level adoption have been boosting VET.
The platform seeks to use distributed governance and IoT tech in order to optimize supply chain management systems.
The same online publication mentioned above notes that info coming from Cointelegraph Markets and TradingView has been showing that the price of VET has increased more than 400% over the past two months.
The price climbed from a low of $0.0263 on Feb. 8 to a new record high at $0.1344 on April 9.
New important partnerships are boosting VeChain’s price
The online publication that we already mentioned above notes that VET’s price rise this year has largely been stimulated by the adoption of its supply chain tracking technology.
A couple of days ago, the team announced a collaboration with the software company Salesforce. Check out their tweet below.
We’re pleased to have worked with Daniel Nortje, Director of Strategy & Architecture at @Salesforce.
— VeChain Foundation (@vechainofficial) April 8, 2021
Stay tuned for more bullish price moves.
The whole crypto market is looking great today, with Bitcoin being able to smash through $60k once again. ETH is also the star of the crypto market, and the digital asset is priced above $2,178 at the moment of writing this article.
Stay tuned for more news.