Can Vet reach $1?
VeChain is a blockchain-based platform that aims to improve the supply chain management of companies and organizations. Its native token is VET. Will VET reach $1? Yes, it’s very much possible that VET might reach $1 in the near future as per the current bullish trend.
Can Vechain reach 1$?
No vechain most certainly will not reach$1 in 2021.
Why did vechain buy back $20 million of its own currency?
The buy back is in celebration of the 12 month anniversary of the VeChain mainnet, when it made the move from being an Ethereum-based token to becoming a cryptocurrency in its own right. This is becoming a bit of a trend recently. Just last week, Tron too celebrated its independence from Ethereum by buying back $20 million of its own currency, TRX.
Is vechain’s price reflecting adoption?
This hasn’t been reflected in the token price yet, but it does point to increased adoption, which should eventually be reflected in the token price. VeChain runs on a Proof of Authority (PoA) consensus model that requires nodes by authorized before they can participate in blockchain consensus.
What is the relationship between vechain and Binance coin?
Binance regularly takes chunks of its profits to buy, and then burn the same amount of Binance Coin —something that has contributed to its positive price performance over the last 12 months. In VeChain’s case, the coins will then be plugged back into the ecosystem in an attempt to drive growth through further development.
What is happening to the vechain project?
The VeChain project has continued to forge ahead nonetheless, bringing new partnerships onboard, starting new pilot programs, and growing in the business space. This hasn’t been reflected in the token price yet, but it does point to increased adoption, which should eventually be reflected in the token price.