A fundamental Analysis of VeChain and the $VET token.
$VET is not as much of a ‘baby’ project as the other ones I have analysed in this series, but I do believe it has the potential to grow exponentially, so here’s what I found in my analysis. NFA
$VET is not as much of a ‘baby’ project as the other ones I have analysed in this series, but I do believe it has the potential to grow exponentially, so here’s what I found in my analysis. NFA
VeChainThor is a blockchain aiming to lower the barrier to blockchain technology enabling businesses to create value and solve real world problems like supply chain issues using blockchain. VeChain is designed for mass adoption of blockchain technology by businesses of all sizes.
VeChain has an extremely exciting and genuine use case. As VeChain’s goal is to bring real world enterprise to blockchain technology VC needs to add value to businesses. Note, 83% of respondents to Deloittes Global Blockchain Survey see compelling use cases for blockchain.
Example of VeChains Use Case:
The Food & Beverage sector is crippled with supply chain inefficiencies, with most issues stemming from lack of trust and transparency. VeChainThor offers a solution allowing participants of the supply chain to collaborate on a trusted platform.
The Food & Beverage sector is crippled with supply chain inefficiencies, with most issues stemming from lack of trust and transparency. VeChainThor offers a solution allowing participants of the supply chain to collaborate on a trusted platform.
By scanning the QR code on desired products, consumers can acquire detailed information secured by the blockchain, including the source and ingredients of the products, geographic location etc. This enhances consumer confidence and improves transparency in the supply chain.
At the time of writing VeChains Market Cap is just over £4 billion. This is relatively large in comparison to ‘baby’ crypto projects but it is still not a large cap company. This gives VeChain room to grow in the space but be careful of fluctuations in price.
VeChain has a 24hr trading volume of £265,004,500 at the time of writing, signalling strong demand for $VET which is promising regarding the law of demand and supply.
The current total supply is 86,712,634,466. With such a high supply it is near-impossible for $VET price to ever reach anything like that of BTC. However circulating supply is currently 77% of $VET total supply. When the total supply of $VET is in circulation, expect a price rise
VeChain has a very impressive team of founders and developers, with founders having worked in: Fortune 500 companies for nearly 20 years; PwC and Deloitte as senior financial managers and; research scientists at numerous universities in computer science.
VeChain is an exciting project with a strong use case and one which has the fundamentals to large returns on the $VET token.
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Thoughts?
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Thoughts?
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