The VeChain coin shows a stable rally of 2.6%. Last week, analysts predicted that VET would exceed the target of $0.14. So today, it is trading at the new high of $0.18127 on the volume of 1 billion dollars. This year, VeChain has achieved wonderful results. Nevertheless, if we look for monthly graphs, it is markedly soared by about 62%. Despite the summer slump, VeChain’s price has expanded by about 800% this year. VeChain is a blockchain project that was launched by a former LVMH executive in China. The reliable side of VeChain is that they solve the big problems quickly that the company often faces.
The VeChain token (VET) is a type of “smart money” used to transfer value from smart contracts. In other words, VET will be used in decentralized application transactions on VeChain’s blockchain. It is open to the entire public to invest in. At this point, it is expected that there will be additional buyers now that it has exceeded the price by more than $0.18127. As a result, if the current trend continues, the coin will retest its annual maximum, almost 60% higher than it is now.