With nearly $40 billion in Total Value Locked (TVL), competitors are piling in to take a slice of the DeFi market. VeChain could soon enter the race and introduce one of the most widely used decentralized applications on Ethereum, Uniswap, with its own version on the VeChainThor blockchain.

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) price is trading about 15% higher today as buyers look eager to extend the bull run.

VeChain (VET) has broken the pivotal point and pushed towards creating new all-time highs as an influx of VET buyers came into the market. While the cryptocurrency was in price discovery mode for some time, it fell just below its ATH level and struggles to break above it again.

The cryptocurrency market is advancing this Thursday; Bitcoin’s price went above $40000 resistance and reached a new all-time high. VeChain (VET) has increased from $0.012 above $0.031 in less than several weeks, and the current price stands around $0.029.

VeChain price has endured a week-long consolidation period without providing any clear signs of where it is headed next. But as VET trading will be open to a wider audience, a spike in buying pressure could see it rise by more than 40%.

David Gokhshtein, a former United States politician and founder of Gokhshtein Media, has recently hinted at the crypto community about the increased popularity of VeChain (VET).

Vechain has recently announced the VeChain Sync 2, which is a new digital wallet to support decentralized applications across all platforms. On January 29, Crypto.com lending exchange also announced it will support Vechain with a Loan-to-Value (LTV) ratio of up to 50%.

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.

Vechain set a new all-time high at $0.06 on February 12 and has been under consolidation since then. VET has formed a potential bull flag and aims for a massive breakout to new all-time highs.

After reversing a three-month downtrend, VeChain (VET) managed to reach a new all-time high price on Jan. 6.

VeChain price seems ready for another leg up after a five-day-long consolidation period.

VeChain price shows a 365% surge since testing the ascending parallel channel lower trendline on December 23, 2020. At the time of writing, VET has broken out of the channel’s middle line, hinting at a retest of the upper trendline soon.

VeChain has lifted off the recent support at $0.0.35. The bullish momentum increased in intensity after stepping above the 200 Simple Moving Average (SMA) on the 4-hour chart. Gains are likely to continue, especially after the VET broke above descending trendline resistance.

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.

VeChain (VET), the leading enterprise blockchain platform, continues to gain prominence with its blockchain solutions in a COVID-19 ravaged world.

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

As a recent report has it, the latest version of VeChain Thor has been released with a major improvement and fixed issues.

Norwegian firm, Hydro, has adopted the “Tag.Trace.Trust.” traceability blockchain solution co-developed by VeChain (VET) and DNV. Hydro aims to use the distributed ledger technology (DLT) solution to prove to its clients that its aluminum is produced in accordance with sustainable standards, according to a LedgerInsights report on March 3, 2021.