Community Trust ScoreVerified
The nature of Vechain (VET) is such that there are no pumps. The VET token does not have speculative value. It is well-known that VeChain is doing great in the supply chain sector. The list of partnerships is one of the major selling point for the VET Token. However, this need not necessarily mean that VET is going to attract widespread adoption.
Regarding the upside potential for VET, critics opine that most of the top tokens focus on larger use cases like DeFi to ensure adoption or they set out to provide for general use cases widely required in the cryptocurrency space. However, the focus of VET is mainly supply chain – thus critics have to state that the focus areas of VeChain is not promising for investors to claim an upside price trend in terms of the VET price.
When VeChain (VET) makes a brief spike, analysts have to state that it is due to the overall market making the climb and not due to the fundamentals. There have been very few instances where particular instances or news on the VET blockchain pushing the price crazy high. So, those who are looking to make substantial profits in the short term will not find VET interesting is what analysts have to say. There is no denying that VeChain is a blockchain with purpose. However, this might not be the token that “quick money guys” will love if their goal is quick profits.
However, recently in the social media, it looks like VeChain is set to do more: “VeChain Grant Opportunity VET vechainofficial has put together a $30K grant for those looking to build: • NFT & Gaming projects • Tools for Development & Testing • Infrastructure & Enterprise Apps • Education & Research projects.”
The good thing about VeChain is that the blockchain project provides real-time solution for real-world economic problems.
The activities on the VeChain are genuine and are applicable for real-world use case.
Change Now: “VeChain is an L1 smart contract platform well proven in solving real-world economic problems! Best known for enhancing the supply chains, vechainofficial is just as versatile as Ethereum or Solana in any industry!”
Some random musings from Sunny Lu, CEO of VeChain:
Still heard “Blockchain technology is not friendly to environment and consuming lots of energy”. Reflex: 1) Depends on what to compare and PoW network has different solution to address that 2) Different L1 network with different consensus may not have this problem at all.
Sustainability is the biggest consensus of humankind and Blockchain is the key infrastructure for implementation. Go VET. Go sustainability.
