Vechain Price up by 18.47% – Time to Buy VET?
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- Draper University collaborates with VeChain to Launch Fellowship
- American ‘Deadstock’ Adopts VeChain’s Blockchain+IoT Solutions
- ‘Air Trace’, PwC’s Low-Code Digital Service Platform, Adopts VeChain
Vechain’s assets have recently increased in value, presenting a chance for investors to buy VET token in light of the recent growth in the crypto market.
VeChain is a supply chain management-focused cryptocurrency and enterprise-grade L1 smart contract platform. The digital asset intends to develop an ecosystem that´s revolutionary. The network intends to use distributed governance and Internet of Things (IoT) technology to tackle major data challenges. The target audiences are global businesses in the medical, energy, food and beverage industries.
Draper University collaborates with VeChain to Launch Fellowship
Draper University has collaborated with VeChain. The goal is to introduce two fantastic programs for participants to start and scale Web3 businesses. Draper University is an immersive entrepreneurship program created by venture capitalist Tim Draper.
The VeChain Fellowship is a four-week online certificate program for aspiring entrepreneurs to learn about entrepreneurship and blockchain from Silicon Valley luminaries and industry leaders.
The second program is the VeChain Web3 Accelerator, which is designed for high-growth blockchain companies involved in DeFi, SmartNFT projects, virtual worlds and gaming, and the Metaverse.
The VeChain Fellowship will take place between April 18th and May 13th, 2022, and the Web3 Accelerator will take place between July 11th and September 7th, 2022.
American ‘Deadstock’ Adopts VeChain’s Blockchain+IoT Solutions
The Deadstock App, a seller of authentic luxury clothes, has announced its plans to adopt VeChain’s blockchain technology, a new and exciting development in the streetwear domain.
Deadstock was one of the first mobile streetwear marketplaces to use VeChain’s public blockchain technology to provide the highest authenticity to the US and Canadian markets.
Counterfeit items are becoming an increasingly severe problem in e-commerce, just as they are in the fashion business.
Deadstock solved the growing problem of counterfeit items by combining human expertise with cutting-edge technological progress, confirming the authenticity of each product along the logistical chain and eliminating the chance of any substitutes.
Users may shop with confidence, knowing that the Deadstock App’s cutting-edge technology and ultra-secure verification methods remove the potential of counterfeiting or duplication.
‘Air Trace’, PwC’s Low-Code Digital Service Platform, Adopts VeChain
PwC China recently introduced its low-code digital service platform called Air Trace. It was revealed during the presentation that Air Trace will be powered by VeChain, a smart contract platform.
Air Trace uses blockchain technology to improve service offerings and assist businesses with their digital transformation journeys.
The solution is based on “Digital Maker”, a low-code platform developed by the PwC China team that promises to speed up innovation and application software development while providing flexibility, efficiency, connection, security, and compatibility.
The release of Air Trace assists businesses in overcoming the challenges of public blockchain implementation, such as high technical barriers, high costs, long lead times, and low efficiency.
Due to Air Trace’s dramatic reduction in cost, time, and effort, businesses can focus on company operations and innovation rather than blockchain technology development.
Vechain’s Technical Analysis – Positive view for Investors
At press time, Vechain is trading at $0.07784 and has increased by 18.47%, with a trading volume of about $3.5 billion in the last 24 hours. The price has risen by 56.16% in the past week.
The technical indicators of VET show a bullish trend. The crypto asset is now trading towards the 50% Fibonacci retracement threshold of $0.09. VET may see resistance at this level. However, it likely would rise past the indicator price if the broader crypto market value increases.
The Relative Strength Index (RSI) of VET stands at 80.42. This shows that Vechain is trading in the overbought region. However, a high RSI should not hinder you from buying VET tokens for long term purposes.
Furthermore, Vechain’s asset is trading above the indicator, with a 50-hour Simple Moving Average (SMA) value of $0.05977. This shows that the asset is bullish. The Moving average convergence and divergence (MACD) also show a strong buy signal. This presents an excellent opportunity for investors to buy VET.
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