Your Economic Transactions without Gatekeepers is the Promise of CryptocurrencyNovember 12, 2019
China has started with a friendly warm-up towards cryptocurrency, and therefore NEO (NEO), VeChain (VET), and Ontology (ONT) continue to surge. Several Made in China cryptocurrencies are rallying now.
Jeremy Allaire talked about how economic transactions can take place without Gatekeepers to be a promise of cryptocurrency.
VeChain is experiencing meteoric growth with a 10% to 13% increase over the past 24 hours. President Xi Jinping’s phenomenon continues to do its magic irrespective of whether he spoke about blockchain technology or cryptocurrency. The then triggered bullish rally continues to date.
VeChain Thor Public blockchain provides the best resource to anybody willing to sort real-world economic problems.
The VeChain application hub provides an application built on the VeChain Thor Blockchain. The ecosystem benefits by collective value creation.
The advisory board members power the immense wisdom backing the design, implementation, and vision of VeChain. Third-party wallet support is provided by Comet, Trust Wallet, Cobo Wallet, Atomic Wallet, ArKane Network, MySafeWallet, and Guarda Wallet.
Developers have the freedom to provide for a full play to creativity.
The Capital Event, which was organized in Singapore on November 11, 2019, provided for improved networking. There is a formation of a rising wedge pattern. The price went up to $0.0065, and this was after stepping above the 100-day SMA. The crypto adjusted to $0.006050, and the bulls continue to hold on to the 14% growth in value.
The formation of a rising wedge pattern is a sign of danger. The gains accrued so far might be erased off if the buyer momentum is not sustained. Support areas might be at 100 SMA, 50 SMA, and significant support might be seen at $0.0020.
A week ago, VeChain unveiled Floodgates at the Import Expo in China, providing for a Food Trading Solution.
Kevin Feng, VeChain COO, stated, “The immutability of public blockchain coupled with verifiable information makes this solution unique.”
Floodgates have already been put to work in the process of importing French Beef to China for an event, which was attended by Emmanuel Macron, French President, and China’s Xi Jinping.
The technology has expanded to several industries in the food industry, and businesses provide for tracking everything from Coffee to Lettuce.
Emmanuel Macron, the president of France, attended this event when he arrived in China to discuss diplomatic relations between the countries.
VeChain Thor being a Blockchain-as-a-Service company focuses on creating a “reliable and distributed business ecosystem.”