VeChain Is Blowing Off The Market: Soon To Explode To Newer Highs

VeChain is on the move with a positive daily and monthly chart. VeChain (VET) is currently trading at $0.139589. During the Bitcoin season, altcoins have been taking on more liquidity from the Bitcoin market. This could have led to a bottom in VeChain’s VET/BTC pair. VeChain broke out from its descending channel and started a breakout run on Friday.

VeChain is a blockchain platform that has consolidated its major partnerships in various countries. Its platform seems to be part of China’s national blockchain plan. VeChain is a blockchain-based platform that enables users to easily determine the authenticity and quality of products that they buy. Its distributed ledger technology makes it secure and tamper-proof. Vechain aims to create a secure supply chain ecosystem by integrating digital asset digitization. Through this process, consumers and manufacturers will be able to easily identify and track the movement of their products throughout the supply chain.