VeChain Reaches For All Time High As Trading Volume Explodes
VeChain, the small altcoin that continues to break new ground ever since the beginning of 2021, is reaching for $0,030 today and is now seeing ever greater trading volume. We are of course talking about the all-time high after the rebrand. Fans of the small crypto that specializes in supply chain are purring with happiness allover social media.
Sunny Lu, an IT executive who was formerly CIO of Louis Vuitton China, has always insisted that the projects he had in store for VeChain would bring the coin to the top of the cryptocurrency ranking on CoinMarketCap and as of late this is indeed what it seems to be doing.
Lots of craziness flying around with #VeChain right now!— VeChain Brothers Ⓥ (@VeChainBrothers) January 18, 2021
VTHO just had a crazy big pump.... last time that happened was before Walmart was announced as a partner...
Is there some big new player about to enter the scene?$vet will MELT minds. Keep sleeping.
The news in the beginning of the month that two separate technical analysts expected a breakout was indeed met with rising trading volume and higher prices.
Although VeChain suffered together with the other altcoins when Bitcoin saw a selloff around 9 January, it has since found it’s upward trajectory again. The news last week that a Cyprus hospital was now using the supply chain’s blockchain to track Covid-19 vaccinations that had been given opens up yet another path for VeChain in the most important industry sector of the past two years: pharmaceutical.
Vechain is also the blockchain of choice for China for The Belt and Road Initiative, as well as numerous other real world uses. It is currently being used to track COVID-19 vaccinations certifications in Cyprus. $VET pic.twitter.com/BRZktzqKin— S2K Prime☯️ (@TheShadowlessX) January 12, 2021
Technical analysis now claims that VeChain has nothing to fear before it could even hit 0,040 but of course, as always do your own research.