An Altcoin Skyrocketsย After Coinbase Listing
An altcoin focused on enterprise solutions is experiencing a surge in value following its listing on Coinbase, one of the leading cryptocurrency exchanges in the United States. VeChain (VET), a blockchain project that offers logistical solutions, was added to Coinbaseโs listing roadmap in June.
Earlier thisย comingย week, Coinbase announced that VET and its gas token VeThor (VTHO) were available for trading. As a result, VeChainโs price skyrocketed from $0.0146 to $0.0172 within a day, marking a 17.8% increase. The digital asset has since retraced slightly and is asย ofย now currentlyย worth $0.0170.
About VeChain and VeThor
VET was established by Sunny Lu, a former executive of Louis Vuitton China, in 2015. Its primary goal is to manage supply chains and trace products. The project has notable partnerships with corporations like Walmart and BMW.
VeThor (VTHO) is the token associated with VeChainโs gas fees. It is automatically generated and distributed to holders of VET, powering the networkโs smart contracts. Afterย theย Coinbase notice, VTHO experienced a wholeย lotย of spike in value, increasing by 85% from $0.000869 to $0.001607.
Hot Take: VeChain Gains Momentum Through Coinbase Listing
The addition of VeChain to Coinbaseโs listing roadmap has had a positive impact on the altcoinโs price. With its focus on enterprise solutions and partnerships with major enterprises, VeChain has attracted attention from investors. The surge in value following the Coinbase listing demonstrates the marketโs confidence in the projectโs probable for growth and adoption.
Daisy Hodley emerges as a luminary blending the roles of crypto analyst, devoted researcher, and editorial virtuoso into a harmonious symphony. In the realm of digital currencies, Daisy’s insights resonate with an exquisite resonance across a diverse spectrum of minds. Her adeptness in decoding intricate threads of crypto complexities seamlessly intertwines with her editorial finesse, translating intricacy into a captivating melody of understanding.
