What is VeChain?
VeChain is a blockchain-based platform that can integrate with the real-world businesses. Working with the system helps enterprises to control different kinds of functions through the blockchain. VeChain can provide complete integration with the business world and make blockchain a technology available and easily accessible for companies worldwide. The cryptocurrency of VeChain platform has recently undergone a rebranding and changed its name from VEN to VET. The coin launched in November last year and experienced a period of sharp growth even before the name and concept were changed. The latest VeChain news is that VET made a partnership deal with BMW – this collaboration can become a catapult, sending VET price to the new heights.
Besides partnering with the major car company, VeChain also made a deal with Oxford University. According to the updates, the famous educational institution will be helping VeChain in technical development. Impressive, right?
The question is – how will such activity influence the VeChain price and will we see the coin on top of the charts in the near future?
— Sunny “No-Any-Promotion-Link” LU (@sunshinelu24) September 1, 2018
VeChain Price Prediction 2018
The VeChain projections seem fairly optimistic. Some say the coin has the potential to reach $75 in the next five-year period. Many investors jumped on the bandwagon and started supporting the VET, adding to the VeChain value. Probably, it is not yet the right time to lose your head – VET is still not as widely known as other blockchain-based crypto projects. However, for those not afraid of extreme volatility periods, VeChain may become the right choice to make.
2018 is coming to an end and now it is more logical to describe VeChain price prediction 2019 – VET is sure a potentially prosperous coin. Being a white coin (a coin designed to increase transparency), Vechain crypto can be used for purchasing luxury goods. If you have been looking for a crypto that is able to provide you with great returns, you should look at this one. VeChain price forecast looks good so far, despite the volatility. The latest market crash has influenced the coin’s price dramatically – now, VET is back to a very low point. However, it should not completely discourage the holders and potential buyers – the market is in recovery and we will soon witness how VeChain crypto will behave after others currencies stabilise. It might just be possible that major partnerships will bring some sunlight back into the VeChain price forecast.