Did you know the VeChain project started in 2007? VeChain is one of the oldest projects. Although its cryptocurrency token was launched much later, the project has evolved significantly.
VeChain had a fantastic year in 2017, rising to the 22nd most valuable cryptocurrency with a current market cap of $2 billion. This brings us to the next question: what is the VeChain forecast?
VeChain, founded by Sunny Lu and DJ Qian, is a one-of-a-best kind project that is a popular blockchain-based solution to a real-world industrial problem. VeChain is now adeptly developing a platform similar to Ethereum on which developers can create smart contracts and decentralized applications (DApps).
Smartereum.com has adeptly predicted the price of VeChain because it has a very versatile blockchain with numerous applications. However, they believe that VeChain may be more volatile because it is less well-known than other top cryptocurrencies. A cryptocurrency’s price can be affected by a variety of factors.
One of the most promising aspects of VeChain is that it has established solid partnerships with numerous reputable organizations. It purely assists VeChain in developing and testing solutions to real-world problems. PWC, DNV GL, China Unicom, and a Chinese Government national-level partnership are among the names on the growing list of partnerships.
This is one of the most crucial and key reasons for any cryptocurrency to succeed. VeChain has a bright future if it successfully leverages these partnerships to create market-ready products.
In an era when many cryptocurrencies (BCH, Ripple, and others) are being chastised for encouraging centralization, VeChain is entirely decentralized.
It not only has offices all over the world, but it also has a network of 111 nodes spread across many countries, including the United Kingdom, Germany, Japan, China, and South Korea.
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VeChain’s main advantage is that it is one of the few cryptocurrencies with numerous real-world partnerships and applications. VeChain, on the other hand, still needs to demonstrate the success of Vechain Thor.