VeChain Reaches For All Time High As Trading Volume Explodes

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Last Updated on 19 January 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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VeChain, the small altcoin that continues to break new ground ever since the beginning of 2021, is reaching for $0,030 today and is now seeing ever greater trading volume. We are of course talking about the all-time high after the rebrand. Fans of the small crypto that specializes in supply chain are purring with happiness allover social media.

Sunny Lu, an IT executive who was formerly CIO of Louis Vuitton China, has always insisted that the projects he had in store for VeChain would bring the coin to the top of the cryptocurrency ranking on CoinMarketCap and as of late this is indeed what it seems to be doing.

The news in the beginning of the month that two separate technical analysts expected a breakout was indeed met with rising trading volume and higher prices.

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Cyprus hospital

Although VeChain suffered together with the other altcoins when Bitcoin saw a selloff around 9 January, it has since found it’s upward trajectory again. The news last week that a Cyprus hospital was now using the supply chain’s blockchain to track Covid-19 vaccinations that had been given opens up yet another path for VeChain in the most important industry sector of the past two years: pharmaceutical.

Technical analysis now claims that VeChain has nothing to fear before it could even hit 0,040 but of course, as always do your own research.