VeChain-related predictions keep getting better and better these days. Smartereum writes that VET is the fuel that keeps going one of the most promising projects in the cryptosphere: VeChainThor.
Recently, we addressed some potential meaningful growths for the VET token. It was reported that the VET price could hit as high as $10 by the end of 2020.
Smartereum noted not too long ago that the collab with Zeux in order to make the VET tokens available for users of Samsung Pay and Apple Pay will definitely lead to the fact hat VET will hit $0.1 by the end of 2019.
The latest VeChain update
The most recent VeChain update has been activated on block number 2,898,800 on the VeChain testnet.
If the public turns out to be satisfied with this update, it would be activated on the VeChain mainnet. With the VeChainThor v1.1.0 update, a few essential changes come and Smartereum details them.
They mention the fact that some of these changes include Expose gasPayer to the VeChain virtual machine, API changes, fork configuration for custom network, and extended transaction model support.
It’s probably obvious that the price of VET has been also on a bullish trend thanks to the bulls that hit the crypto market back in April and led to the fact that the most important digital asset in the space, Bitcoin surged to levels above $8,500.
Hold on to your VET coins
It’s also worth noting that another essential move involving VeChain was that they teamed up with Bright FOODS which is a conglomerate of more companies in China’s food industry.
The companies which are under the Bright Foods umbrella will be using a supply chain management solution that’s powered by none other than VeChain.
Smartereum writes that VET holders should definitely hang on to their coins.
“Long-term holders should keep recycling until 2020 while short-term traders should wait for a surge above the $0.0900 to $0.100 to buy. Per our previous VeChain Thor price prediction, the price of VeChain may hit $0.50 before the end of the year,” according to the online publication.
At the moment, VET is trading in the red on CoinMarketCap and it’s priced at $0.007666.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.