The current bears in the crypto market have left many cryptocurrencies struggling to regain their balance. VeChain (VET) did not have the impressive outing it craved in 2018.
In the year 2017, many coins hit their all-time highs and were expecting something of some sort in 2018. As the year draws to an end, VeChain (VET) is strategically looking forward to a good outing in 2019.
Many investors are on the lookout of signs which will tilt to the coin’s rebound in the coming year.
In the light of this, it is worthy of note that VeChain (VET) put up impressive performance within the year. The coming year is perhaps the needed leveler that will pull the coin to the desired spot in the crypto world.
More Connected Devices are coming in 2019
VeChain’s (VET) overall goal is to strike a balance between humans and machines. As the Internet of Things (IoT) continues to gain acceptance, there’s no doubt that the coin will make waves in 2019.
In spite of the fact that IOTA (MIOTA) has put up stiff completion, VeChain (VET is coasting home to victory in the coming year. Within the year, the coin made partnerships with futuristic companies that are already considering the prospect of IoT in their products.
VeChain’s (VET) partnership with BMW opened the door to many other mergers within the year. There are already predictions that more IoT devices will hit the global space in 2019.
This is good news as VeChain (VET) stands a better chance of partnering companies that are interested to move their products to the next level with IoT marketability.
MainNet Launch and Increased Partnerships
Every cryptocurrency likes independence and the best way to get this is having the main network (MainNet). Soon after the launch of its main network, VeChain (VET) recorded many partnerships.
In November, the coin partnered with one of the biggest Chinese automobile marker, BYD. Not long after, VeChain (VET) struck partnerships with NFC and RFID Chips. With this partnership, the coin will help the platforms in tracing transactions. The coin also tested the waters of insurance by partnering the People’s Insurance Company of China. The partnership allows VeChain (VET) digitize the insurance industry in China.
The Gains of Rebranded Identity
In the third quarter of the year, VeChain (VET) rebranded the identity from VeChain (VEN) to VeChain Thor (VET). The airdrop that brought this was of benefit to the coin’s value. Soon after migrating to the new network, VeChain (VET) soared with a $7 million market capitalization. As the year comes to an end, 2019 will be a brighter year for the coin. With the new network, VeChain (VET) will turn more heads in the crypto world.
VeChain (VET) goes to Cyprus
In spite of the fact that many governments around the globe rejected Bitcoin (BTC) in 2010, many of these governments are making U-turns on their decisions. The Republic of Cyprus has joined the race to adopt the VeChain (VET) network. One of the investment partners in the country, Cyprus Invest partnered with the VeChain (VET) Foundation a few days ago.
Tagging along with Cyprus Invest was the USA registered legal firm and blockchain advisor, CREAM. With the partnership, VeChain (VET) added any feather to its use cases. The partnership allows the Cyprus Invest explore the use of the blockchain technology in the Republic of Cyprus. To this end, VeChain (VET) will, in the coming year, be calling the shots of blockchain innovations in the Republic of Cyprus.
More Exchanges Recognize VeChain (VET)
Viable exchanges play great roles in the value of any cryptocurrency. A few days ago, VeChain (VET) was listed on HiBTC. The exchange is viable and has hosted many potential crypto coins in times past. With this, more exchanges are set to buy the idea of a VeChain (VET)-listing. The year 2019 will be a defining time in VeChain’s (VET) lifespan.
More Companies will buy into VeChain’s (VET) Traceability
Apart from making its mark in decentralized IoT, VeChain (VET) is already exploring traceability. This unique landmark will shape the value of the coin in the first quarter of 2019. At the moment, the coin’s drug and vaccine traceability tool has been accepted by the Chinese and Shanghai governments.
VeChain (VET) is ready for another All-Time High
With impressive partnerships and use cases put up within the year, 2019 will be a year of consolidation for VeChain (VET). The coin has better prospects than IOTA (MIOTA) and will bring more to the table in 2019. There leaves no doubt that the coin will hit another all-time high in the coming year. From every indication, VeChain (VET) is a crypto coin to watch out for in 2019.