VeChain news

VeChain leverages blockchain to solve the problem of counterfeits and product traceability across supply chains and logistics.

World latest news

VeChain Price Surges With Mainnet Upgrade

Crypto markets may look a little flat after last week. But that’s not the case for the logistics and supply-chain network, VeChain Thor (VET), whose token price has surged following a mainnet upgrade that will allow users to delegate their transaction fees. The latest movement follows a sharp drop in VeChain’s market capitalization, which fell to $270M last Wednesday. It pulled back above the $300M threshold by Thursday afternoon and reached $336M by the start of the week. The total value of the VeChain network surged by $10M over the course of the day. Token prices reached $0.006 each, giving VET a market cap of approximately $347.4M at the time of writing.   Source: CoinMarketCap   VeChain is a Blockchain-as-a-Service (BaaS) platform, designed specifically for the logistics and supply-chain industry. Based in Singapore,  the project plans to replace the legacy system with a distributed ledger, complete with a smart contract layer, to address many of the industry’s existing pain points. But the project had a volatile spring, with the market cap climbing to $520M in June before last week’s drop. Within the ecosystem, users can stake VET tokens to receive payouts in VeChain Thor (VTHO) tokens, which are used to pay transaction fees. Today’s upgrade – known as VIP 191 – is designed to make the core blockchain a little morefriendly to third-party developers as well as end-users. It allows users to send tokens without incurring VTHO transaction fees. Instead, the sender can delegate transaction fees to the applications they’re using. VIP191 was proposed in mid-May by Totient, an activist crypto hedge fund. Dubbed “The Key To Mass Adoption” in the initial documentation, Totient described their proposal as an “innovative feature allows anyone to use a decentralized application regardless of their knowledge of blockchain technology by removing the toughest barriers for adoption. By bypassing the complicated process of purchasing VTHO tokens, the upgrade can help streamline the user experience, making VeChain more competitive. The upgrade also allows dApp creators to adopt new pricing models, such as fiat-denominated subscriptions. Mass-adoption still evades multiple cryptocurrency projects. The new upgrade may take some of the complexities out of blockchain and could go a long way towards making VeChain usable on a daily basis.   The post VeChain Price Surges With Mainnet Upgrade appeared first on Crypto Briefing.
CryptoBriefing

Vechain Price Prediction: Long-term (VET) Value Forecast – July 20

VET/USD Long-term Trend: Ranging Resistance levels: $0.0080, $0.0085, $0.0090 Support levels: $0.0070, $0.0060, $0.0050 The VET/USD pair had been trading in a sideways trend zone. The 12-day EMA and the 26-day EMA are trending horizontally indicating the sideways trend. The crypto's price is dominated by small body candlesticks. However, the formation of small body candlesticks […]
Bitcoin Exchange Guide

VeChain Price Prediction Today: Daily (VET) Value Forecast – July 16

The VET coin fluctuates between the levels of $0.00600 and $0.00800. The bears brought the price to its range-bound zone. VET/USD Medium-term Trend: Ranging Resistance Levels: $0.0090, $0.0100 ¸ $0.0110 Support levels: $0.0080, $0.0070, $0.0060 Yesterday, July 15, the price of Vechain was in a sideways trend. The coin had continued to move in a […]
Bitcoin Exchange Guide

Vechain Price Prediction: Long-term (VET) Value Forecast – July 13

The coin fluctuates between the levels of $0.00600 and $0.00900. The price has a choppy ccprice. The support and resistance level cannot be determined. VET/USD Long-term Trend: Ranging Resistance levels: $0.0080, $0.0085, $0.0090 Support levels: $0.0070, $0.0060, $0.0050 The VET/USD pair had been trading in a sideways trend zone. The 12-day EMA and the 26-day […]
Bitcoin Exchange Guide
More news sources

VeChain news by Finrazor

OPINION

Real Use Case of Blockchains

Matthew Di Ferrante, a developer at Ethereum Foundation, talks about the real use case of blockchains. To give our readers a perspective on this matter, Finrazor further provides an overview of current adoption of blockchains at enterprise level.

Read more

Trending

Hot news

Hot world news

Bakkt Launches Testing Phase Of Its Physical Bitcoin Futures Contracts

Bakkt is launching the testing phase of its Bitcoin futures contracts The goal is to offer physically-backed futures contracts to crypto investors A testing phase of Bakkt, the platform created by the Intercontinental Exchange (ICE), is going to be launched today. This comes almost after a year since releasing and announcing its plans to offer […]
Bitcoin Exchange Guide

Justin Sun’s guest list gets a new addition, Bakkt to launch user testing for BTC Futures and more

Crypto News – 22 July – Justin Sun’s guest list gets a new addition, Bakkt to launch user testing for BTC Futures and more Don’t forget to follow us for our daily videos pic.twitter.com/7xkcVpW9FB — AMBCrypto (@CryptoAmb) July 22, 2019 Crypto News – 22 July Tron hits a home run: The Tron community celebrated after it […] The post Justin Sun’s guest list gets a new addition, Bakkt to launch user testing for BTC Futures and more appeared first on AMBCrypto.
AMBCrypto

Binance Launchpad holding IEO for TRON-based blockchain gaming project ‘WINk’

CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceBinance Launchpad, the token launch platform for blockchain projects from popular cryptocurrency exchange Binance, today has announced support for its seventh project of the year and the first in the gaming industry, WINk. WINk is a trustless, permissionless and high-performance gaming platform based on the TRON blockchain. WINk’s token sale will follow a lottery format […]https://www.cryptoninjas.net/2019/07/22/binance-launchpad-holding-ieo-for-tron-based-blockchain-gaming-project-wink/
CryptoNinjas

Ravencoin Price Analysis RVN / USD: Recharging

Ravencoin has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame The four-hour time frame shows that a complex inverted head and shoulders pattern is building The daily time frame continues to show the presence of a huge bullish pattern Ravencoin / USD Short-term price analysis Ravencoin has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame. The four-hour time frame shows that a valid inverted head and shoulders pattern has formed, with the RVN / USD pair now dangerously close to invalidating the bullish pattern. Technical indicators on the four-hour are bullish and continue to issue a buy signal.   RVN / USD H4 Chart by TradingView                                                                                  Pattern Watch Traders should note that the RVN / USD pair may be carving out a right-hand shoulder to complete the bullish pattern on the four-hour time frame.                                                                                          Relative Strength Index The RSI indicator is also bullish on the four-hour time frame and shows scope for further upside. MACD Indicator The MACD indicator is bullish on the four-hour time frame and continues to issue a buy signal. Ravencoin / USD Medium-term price analysis Ravencoin has a bullish medium-term outlook, with the RVN / USD pair still holding above its trend defining 200-day moving average. The daily time frame continues to show multiple inverted head and shoulders patterns, with the larger pattern holding a huge upside projection. Technical indicators on the daily time frame are mixed and currently failing to generate a clear trading signal.   RVN / USD Daily Chart by TradingView   Pattern Watch Traders continue to monitor the neckline of the larger inverted head and shoulders pattern for a major medium-term technical breakout. Relative Strength Index The RSI indicator is trading below neutral and remains technically bearish on the daily time frame. MACD Indicator The MACD indicator is bearish on the daily time frame and continues to issue a sell signal. Conclusion Ravencoin is still under pressure in the short-term, with bulls needing to stabilize the cryptocurrency above its 200-period moving average on the four-hour time frame. The daily time frame continues to highlight the presence of multiple bullish patterns, with the RVN / USD pair showing great medium-term upside potential.   Check out our RavenCoin guide for insights. Ravencoin ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=RVN&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-24320 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24320 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24320 a.tabperiods.tabperiods_active, #ccpw-ticker-24320 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24320 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24320 .coin-container:after, .ccpw-container_four #ccpw-ticker-24320 .coin-container:after {border-color:#ccc !Important;}   The post Ravencoin Price Analysis RVN / USD: Recharging appeared first on Crypto Briefing.
CryptoBriefing
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.