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The global crypto market couldn't improve its value as it hasn't been able to retain its gains. Recent data shows that Bitcoin, Binance Coin, and others have continued to decline in value.
VeChain board member Renato Grottola said that the move would enable VeChain to help entities and individuals contribute to the common environmental sustainability objectives.
Market indicators suggest that the investors might have trouble ahead. VET received less interest from the derivatives market too, but its development activity was high.
The VeChain network recently made a major announcement regarding what might possibly be its biggest change in 2022. According to the announcement, the network's community recently voted on VIP-220, in favor of a mainnet hard fork.
LINK's price holds strong as price eyes a rally to $12 after breaking out of its long-range accumulation zone. REEF's price continues to trend above key support as price broke out of its downtrend with eyes set for $0.01.
VeChain embarked on run after hitting base at $0.022
For almost three months, the Vechain price has traded in tandem with the cryptocurrency industry, which has mostly shown weakness.
The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
The VeChain (VET) price has been able to build on its bullish momentum over the past week and is currently bucking the current market trend. As Bitcoinist reported, the entire crypto market is currently facing a major fear of a contagion effect triggered by the perceived troubles of the US exchange FTX.
VeChain's long-awaited network upgrade will happen next Thursday beginning from 8.10 GMT.
VeChain intends to address the
Market players in the Carbon footprint management sector are enhancing carbon traceability through blockchain technology.
VeChain Foundation is happy with the network's progress despite challenging business conditions in October.
VeChain is now undergoing some promising developments, as would any blockchain-based endeavor. The official VeChain Twitter account stated that things became rough in October, but that the team is happy with the progress made so far on the VeChain network.
VeChain [VET] lately managed to make its investors happy as the price of VET surged by nearly 8% over the last week. At press time, VET was trading at $0.02396 with a market capitalization of $1,737,838,130.
Supply@ME uses the VeChainThor blockchain to mint the first NFTs underpinning inventory monetization transactions.
VeChain price has been in a consolidation phase in the past few days as cryptocurrency prices stage a strong comeback.
The sustainability-centric blockchain is currently mulling over a significant Proof of Authority upgrade which will integrate VIP-220 with the VeChain Thor Mainnet. If approved by all stakeholders' votes, VeChain will gain finality and bring an end to the trade-off that is choosing between scalability with high throughput or instant finality.
When navigating the cryptocurrency market it can be difficult to distinguish between the “s— tokens” and tokens that actually provide value through a utility. Firstly, one must understand the difference between a crypto coin and a crypto token.
More than 99 percent of voters voted in favor of the VIP-220 proposal, which is the PoA 2.0 upgrade.
YongPu will use the VeChain technology to carry out channel management for its products line.
The stakeholders' vote to implement the VIP-220 proposal and PoA2.0 is ongoing.
VeChain price remained in a tight range on Monday morning as investors focused on the ongoing voting process. VET was trading at $0.022, where it has been in the past few days.
The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject Popular enterprise layer 1 blockchain, VeChain, has made some key developments on the corporate front.
