VeChain (VEN) is the 29th most valuable cryptocurrency. It’s also gained 256% in the past month, despite the crypto market downturn that we suffered up until a couple days ago. But have you heard much about this one? The VeChain coin has been climbing the cryptocurrency rankings, and its price has grown by 9% today. Here’s what this digital currency is all about, and why the VeChain price journey looks like it’s going to keep soaring.
The VeChain coin launched back in 2015, so it’s not exactly a newborn. This currency is also part of an actual product that customers are using right now. In the cryptocurrency space, that’s hard to find. The market is full of products and solutions that are still in the planning stage. Some are purely just ideas at this point.
The company behind this coin is a Blockchain-as-a-Service (BaaS) firm focused on the Internet of Things (IoT). But, unlike IOTA (MIOTA), which is centered on machine-to-machine (m2m) transactions, VeChain (VEN) all about authenticity within supply chains.
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