The more days pass, the more Vechain (VET) is establishing itself as a leader in the cryptocurrency market. On Thursday, crypto recorded a rise of more than 10 %, which corresponds to a sharp increase in its trading volume. It has indeed reached the milestone of 10,000,000 blocks without experiencing any downtime. At the time of writing, the VET/USD pair is trading at around $0.138.
Vechain (VET), the cryptocurrency with strong growth
foundation Vechain (VET) based in Singapore announced that its network is experiencing strong growth thanks to the optimal safety that it offers users. She also posted information about the next updates that there will be on the network. They will improve the blockchain to make it even more efficient. At the same time, Vechain (VTC) will be able to develop its partnerships with many other players in the sector. Recently, she has formed collaborations with Walmart, PwC and Renault.
During the month of August, Vechain (VET) registered a growth of about 40 % supported by the return of the uptrend. Indeed, several investors have flocked to cryptocurrency. But it’s not over yet. The foundation has indicated that thanks to the new technologies it is developing, more and more investors will opt for cryptocurrency.
About blockchain, Vechain (VET) has recently developed a new service through which companies can improve their carbon footprint reporting process. It is called SaaS Digital Carbon Footprint and will allow organizations to record their carbon emissions data transparently.
With the new offers of Vechain (VET), what should we expect ? Justin Bennett, a popular cryptocurrency analyst, indicated that VET will experience a meteoric growth. He even expects cryptocurrency to outperform Cardano (ADA) in the coming weeks.
Exceeding resistance levels at all costs
After analyzing the graph that presents the evolution of cryptocurrency, analysts notice that it is staying above the pivot point. At the same time, buyers managed to crossing the first resistance level located at $0.136.
Graph showing the evolution of VET in recent weeks.
If the uptrend continues, buyers will be able to test resistance at $0.149. If this limit is also crossed, VET will be able to move towards new horizons. It could pass to the resistance level of 0,173 $.
Cryptocurrency Vechain (VET) is on its way to becoming one of the largest in the market. Indeed, it has registered strong growth since August. Experts believe that if its momentum is maintained, it will be able to move ahead of several other digital assets, such as Cardano (ADA).
DISCLAIMER
The comments and opinions expressed in this article are solely those of the author and should not be considered as investment advice. Do your own research before making any investment decisions.
