VeChain (VET) makes up for one of the most interesting assets in the market in accordance with serious investors, and so we can see it progressing steadily towards being massively adopted. Moreover, VET is collecting new listings as well, that way consequently increasing its exposure, which all together might soon lead it to the moon and back to its record price of over 8$ per one unit. Let’s see how VeChain has been doing these days as well as well as to reflect on its latest listing.
VeChain Gets another Listing: Zebpay Announces Live Trading
Zebpay has announced on their official Twitter page that the live trading of VeChain will start on Zebpay on May 22nd, which is set for today at the time of this writing. A couple of days before, Zebpay has announced that they are going to list VEN, which is now being rebranded to VET since the launching of the VeChain Thor.
Zebpay makes up for one of the most popular exchange platforms in India and as such represents one of the largest crypto exchanges in this country. Zebpay offers low fees with only 0.1% charged in trading fees, while it also offers an easy-to-use application to its users.
All users can take advantage of peer-to-peer trading with Zebpay app, which is available for smartphones. The mobile app offers a simple user-end interface with extreme functionality alongside with offering Zebpay wallet for keeping of multiple coins with a feature of easily switching from trading one asset to another in no time.
The functionality of Zebpay counts as crucial in promoting the currencies that are listed on this exchange, and given the fact that this exchange platform makes up for the largest exchange in India, VEN can get more attention alongside with increased exposure in this country.
All in all, having a new listing is always a great thing for any crypto asset, besides from partnerships of course.
VeChain and the Latest Progress
VeChain easily represents a pretty favorable investment, especially due to the fact that serious investors and listings find this digital asset more than desirable.
Over the time, VeChain has collected some pretty important partnerships, including one of the most recent deals with BMW; however, what might be the greatest achievement of the VeChain team by far is the launching of VeChain Thor network.
At the same time, with the launching of the VeChain Thor, VeChain also outlived a case of rebranding, which means that VEN has now become VET, although the new abbreviation has not been changed across websites like CoinMarketCap.
With new important partnerships with massive companies and foundations, alongside with getting new listings globally, VeChain seems to be doing more than well despite the current state in the crypto market.
How is VeChain doing at the Current Moment?
The market has been acting sluggish for the past two days, and so we can see the majority of digital assets dropping against the dollar while trading in the red.
VeChain is also going down despite the good news of having VeChain Thor finally starting with live operating and with having a new listing added to the table. Ranked as the 16th-best currency in accordance with the global coin ranking list, VEN (VET) is up for sky-rocketing further, however, the current market trend is pressing VET down.
With over 2 billion dollars in market cap, VEN has been trading in the green according to its 60-day chart, where we can see this asset going up against the dollar by 23%.
In addition to trading in the green in the period of the past two months, VeChain is also seen trading in the green in its monthly chart, going up by 16% against the dollar.
However, we can see it down by -13% in the course of the last 14 days and dropping against the dollar by -15% in the course of the last seven days, which is the case with a great portion of top digital assets.
Following the most recent change in the market with having the majority of currencies dropping, VeChain has gone down by -3.39% against the dollar.
VEN is also going down by ETH and BTC, but barely by -1% against these cryptos.
After the latest change in the market, VeChain can now be traded at the price of 4.36$ per one unit, still away from its all-time high of around 8.30$.
For the latest cryptocurrency news, join our Telegram!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Pexels
Reasons Why You Are Much Safer When Crypto Trading on Dexes
While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.
During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.
Here are some reasons why you might want to consider doing the same.
1. True ownership of your coins
The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges…
Crypto Billionaire Predicts Massive Price Growth by 2021
Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.
Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.
He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.
However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…
TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level
Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world. Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon. This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs. One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos. TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.
Problems with Centralized Casinos
The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model. And online casinos are no different. It still needs to be said that centralized casinos have proven that there is a great demand for online gambling. The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative. But industries are continually evolving and this one is no different.
A few of the problems facing centralized casinos include the following:
- Little to no transparency
- Consumer lack of confidence
- Privacy concerns
- 48-72 hour wait time for withdrawals
These are four monumental issues that need to be addressed quickly given the global growth of the market. Casinos need to…
Why Binance May Be Crucial for Tron (Trx) to Reach $1
Why Tron (TRX) Price Won’t Remain Low for Long
3 Cryptocurrencies Most Likely to Follow Bitcoin’s Performance
Altcoins2 weeks ago
Top 4 Cryptocurrencies That You Won’t Find Among the 100 Largest Coins
Blogs2 weeks ago
Crypto Billionaire Predicts Massive Price Growth by 2021
Altcoins2 weeks ago
TRON (TRX) Blockchain Threatened by a Lone PC
Bitcoin2 weeks ago
Why Bitcoin (BTC) Will Go Back to $20,000
Altcoins1 week ago
Justin Sun Bullish On TRX and BTT
Altcoins2 weeks ago
Tron’s (Trx) Rapid Development Hints at the Project’s Full Potential
Featured news2 weeks ago
3 of The Most Shocking Cryptocurrency Scandals
Trade1 week ago
eToroX launches gold and silver stablecoins