Home Altcoins News VeChain (VET) listed in NASDAQ raises curiosity among beginners looking to invest in Altcoins

VeChain (VET) listed in NASDAQ raises curiosity among beginners looking to invest in Altcoins

VeChain VET listed in NASDAQ

When the price of BTC declines, investors look for their choices in top performing Altcoins. And, this is much true for beginners who are looking for some crypto investing.

Investors who bought VeChain on the recent dip and further loaded up with some Polkadot feel that it is a good opportunity to round up the portfolio with BTC as well.

There is no need for new investors to invest the same amount of dollars in each of the crypto.  They can vary it. Depending upon, one’s choice, they can go heavy with one coin and less with another token. It is good to diversify in tokens which have a promise as though not in the immediate run, some performing blockchains will go up.

NASDAQ recently listed VeChain. And, they published on how, “VeChain (VET) is gaining popularity as a dual crypto and logistic blockchain solution.”

NASDAQ acknowledged that “The main attraction that VeChain seems to have is its use as a supply and logistics blockchain. A number of large enterprises are now using it to ensure that inventory from start to sale can be accounted for. The VeChain Foundation has “partnered” with a number of large enterprises.”

NASDAQ pointed to how DNV, which is a progressive Norwegian company is using the VeChain. Reportedly, DNV are one of the early adopters of blockchain logistics.  And, they have been using the VeChain facilitated blockchain logistics.

For those who are willing to get the complete details of the VeChain partnerships can check Vechaininsider.com.

Also, THOR a.k.a. VeTHOR finds mention as one of the attractive features of VET. For clarity, “VTHO is generated by holding the VET token. There is a fixed number of 87 billion VET tokens which generate VTHO daily at a rate of 0.000432 per VET token. This results in a fixed number of 37,584,000 VTHO tokens generated daily.”

VeTHOR is a sort of dividend for VET holders. For clarity, “Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. Dividends can be issued in various forms, such as cash payment, stocks or any other form. Dividend is usually a part of the profit that the company shares with its shareholders.”

Investing in crypto is not always about Bitcoin.  There are lot of worthy buys like Polkadot and Vechain; however, again not an investment advice it is up to individual discretion and knowledge gained after studying the benefits of holding a particular token.

Those who are good at identifying what makes the price move, will buy in prices that are good to buy when they are low and when it has a potential for growth. There are too many tokens and too many institutions to make profits from.        

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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