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VeChain (VET) with its innovative smart contract blockchain solution is one of the cryptos currently on a slide in 2019. The token has seen its price fluctuate sideways and negatively since the turn of the year as the current slump in the market shows little signs of abating.
Despite this, VeChain has continued to move on with its pre-planned developments and innovations. Seen by many as a potential rival to Ethereum, there is a lot of expectation that the coin could break even at some point in 2019.
VeChain (VET) has continued to improve on its technology and has a clear road map towards recovering from its current price levels. Combined with its trusted development team working on new innovations, a lot is to be expected from the coin in the 1st quarter of the year.
Increased Partnerships Expected In The 1st Quarter
VeChain (VET) is seen as an attractive and trusted blockchain than any other, and more companies are seeking partnerships to implement its solutions in different fields.
The coin has achieved a lot in terms of companies willing to jump on board due to its smart contract which can be used to track the inventory of supply chain. Furthermore, it combines IoT technology which looks like the next big innovation in the coming years.
Its partnership with BYD which is the largest Electric car manufacturer in China was one of the high points last year. Both companies have partnered to create a carbon credit application which is expected to commence in the 1st quarter of the year.
VeChain (VET): More listings on Exchanges
One major factor in the growth of crypto is the number of exchanges that accept the coin. VeChain saw a shift change in 2018 with more exchanges listing the coin and this is expected to grow this year as many exchanges buy into the concept of the coin.
The recent listing of the coin on HiBTC shows that more top exchanges are ready to list the coin in 2019.
Adoption of VeChain (VET) Blockchain Solutions By More Countries.
VeChain (VET) achieved a first in 2018 when the Chinese government adopted its traceability solution as a result of a pharmaceutical scandal. The blockchain is also one of the first blockchains to have the support of a regional government in China.
Recently Cyprus has also adopted the use of VeChain (VET) blockchain solution. One of the top investment companies Cyprus Invest is looking to explore the use of VeChain network in the country.
These show that the coin is gaining relevance in the mainstream sector and could be in for a price boost at the end of the 1st quarter of the year.