VeChain price finally found support near the 52-week low of $0.0241 mark. Meanwhile, the VET market has looked so volatile for over three weeks, where the directional trend creates a pump and dump situation for the speculator.

Chase Shiel, the Australian custom sneakers producer, makes his recent announcement about using blockchain technology to secure it’s Mars Yard and Off-white Air Jordan footwear. The decision about using blockchain technology for security purposes will serve the aim of protection against counterfeits.

VeChain (VET) is a cryptocurrency project that aims to improve and decentralize supply chain networks. As one of the most successful supply chain-oriented blockchain ventures of 2022, VeChain has become an industry leader and is now widely listed on many exchanges. The value of VET has increased significantly since its launch, which has led to many cryptocurrency casino sites accepting it as a deposit and withdrawal method.

The VeChain Foundation, a leading enterprise-grade L1 smart contract platform and the Ultimate Fighting Championship (UFC), have announced a multi-year marketing ...

For over three weeks, VeChain (VET) has been traversing in compression within the horizontal channel (yellow). The recent bullish push aided the alt to jump above its Point of Control (POC, red) as VET endeavored to escape its high liquidity range.

VeChain (VET) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has declined 6.26% to $0.03146815469.

After setting a new price low of $0.024 two weeks ago, VeChain started a new aggressive bullish trend that saw it rise by 41 per cent. However, the prices quickly started to retreat downwards. Since then, the prices have failed to return to the recently set monthly highs of $0.034 instead of trading sideways for more than a week.

VeChain price has crawled as other cryptocurrencies have staged a recovery. The VET token is trading at $0.032, which is about 36% above the lowest level this year. According to CoinGecko, its total market cap to about $2.2 billion. It is now the 35th biggest cryptocurrency in the world. It is sandwiched between Uniswap and Axie Infinity.

The PwC Europe blockchain lead, Husen Kapasi, spoke during the Hannover Messe 2022, explaining the in-depth details of the VeChain blockchain. The industrial development fair had attracted many global participants, and VeChain took the opportunity to promote its blockchain.

The cryptocurrency market is slightly performing right in the last few days with Bitcoin hovering above $9,000 price successfully for more than 2 days. At press time Bitcoin is priced above $9,500 with 1.6% added value in the last 24 hours.

Our VeChain price prediction can flip bullish if the ongoing breakout gets confirmed by a successful retest. VET price tagged the low of $0.02 last week, as the Bitcoin price slid below $20,000. Nevertheless, the coin is now 20% up from that low and now trading at $0.024. Another sigh of relief for the bulls is the recent breakout from the downwards trendline that has been acting as resistance since April 2022.

The multi-year deal between the UFC and VeChain will lead to the company's logo being displayed prominently in the Octagon.

VeChain has been falling towards its lows like other cryptos and reached its lower zone from where the price has reached its highs. VET token has been gainful for the bulls till November, after which there has been the constant formation of lower low peaks as the price continues to decline.

Husen Kapasi, PwC’s Europe blockchain lead, spoke at the Hannover Messe 2022 about VeChain technology. Hannover Messe is one of the largest industrial development trade fairs globally.

a look at blockchain-based platforms that are developing solutions which could be in high demand soon.

The situation resulting from the crisis of the COVID-19 has accelerated the adoption of digital. San Marino, the oldest republic in the world, is no exception and enters into a partnership with the Blockchain VeChain and DNV GL. At the end of this project, the republic hopes to get a prosperity in terms of urbanization in the country.

The VeChain price analysis shows that the price of VET/USD has entered a downwards trend in the last 24 hours. The price has recently shifted towards a negative movement, decreasing significantly, dropping from the $0.058 mark. The price appears to have experienced a decline significantly On February 13, 2022, which caused the price to depreciate to $0.0557 from the $0.0580 mark, then experienced another flash crash on the same day, which caused further depreciation. Still, the price has remained constant today, on February 14, 2022.

A renowned and innovative SMEs rating agency, Early Metrics, has put VeChain among the fastest growing start-ups.

Finality-with-One-Bit (FOB), a finality gadget, is one of the latest focuses of VeChain. To improve its existing Proof-of-Authority (PoA) consensus algorithm, the VeChain blockchain dev team is designing and set to implement this block finality solution, to make running dual modes of consensus possible on the network.

The multi-year deal will see VeChain’s brand incorporated across multiple UFC marketing assets and reach an estimated 900 million households who watch the events worldwide.