- VeChain gets huge TV exposure, but VET price continues to tumble
- Its price is projected to hit below 100 satoshi
- Excellent data verification and data security mechanisms of VeChain are the primary reason why it is still holding on in the crypto market
On Feb 19, 2019, VeChain was featured in a news segment on RAI1 channel on the Italian television which has millions of viewers every day. However, despite getting the spotlight, VeChain’s VET price hasn’t budged a lot in recent times.
VeChain Price Suffers
The bear market has been bad to Vechain and other cryptocurrencies as well. Things seem to have been going haywire for VeChain following the bearish momentum in the crypto space and has in turn led to VET price hitting below 100 satoshi.
Recently, VeChain lost 3.4% in USD and BTC value. This has never happened before but still, many subscribers continue to use its services. However, on the bright side, VeChain was added to the Amazon AWS platform and since then, it has attracted a lot of attention from many viewers of other channels.
Also, many enterprises are now looking forward to experimenting with blockchain technology which is a major breakthrough for the company amidst drop down in its prices. This means that VeChain has a promising and optimistic future. Furthermore, despite VeChain’s current market momentum, it appears that the majority of its subscribers are not bothered by the prevailing situation in the platform.
What has kept VeChain going up to this point is its best mechanism in digital verification and data security. Its cooperation with the world leading network security companies has also boosted it to provide comprehensive security testing. VeChain refers to IS027001, GDPR and China’s network security law for its internal control processes. All these, have given VeChain an upper hand in the crypto market.
About VeChain Foundation
VeChain is a blockchain service company with a mission to build a trust free business ecosystem to enhance transparent information flow and high speed value transferring. This foundation has been existing for the last two years and already has subscribers using its product as well as many industries including logistics and governments.
VeChain began as blockchain supply chain company and now it has evolved into a full-fledged dApp platform. Many businesses prefer blockchain technology because it allows them to create and use their own blockchain applications without having the need to know the intricacies of how the back-end coding operates. In order to keep the service operational, blockchain service providers handle the needed tasks that revolve around maintaining its infrastructure.
Although the 3.4% decline in VeChain income is steep for many VeChain investors, this drop may not cause long-term harm to the company. However, something worth keeping an eye on is the fact that the trading volume of VeChain is still weak.