US announced that it would be listing VeChain to its retail platform for U.S. cryptocurrency investors.
VeChain is an enterprise-focused blockchain ecosystem that aims to enhance supply chain management.
VET has only been listed against the US dollar, and its Bitcoin pair could be listed later, depending on the demand that it generates.
US will provide market access to VeChain for millions of retail investors.
Over the last few weeks, VeChain has experienced an astronomical bullish impulse that has taken its price up over 110 percent.
There are a series of developments by the VeChain Foundation that is triggering an increase in demand for this crypto.
If VeChain can close above the 38.2 percent Fibonacci retracement level, it could trigger an increase in the buying pressure behind this cryptocurrency.
After the 110 percent surge seen in the last three weeks, VeChain could soon find an exhaustion point.
The crypto community seems to be positive about the future of VeChain.
The work put up by the VeChain Foundation to create Foodgates, a cross-continental logistics and trade platform, helped pushed VET even further.
VeChain up 10% after Binance US listing; what's next?
Published on Nov 8, 2019
by Cryptoslate | Published on Coinage
Mentioned in this article
Shelley's incentivized trial testnet snapshot scheduled for Nov. 12
The balance check snapshot for the Shelley incentivized trial testnet has been scheduled for Nov. 12, at 12:00 UTC. According to Cardano's newly launched staking website, participating in the trial balance check is optional and will not impact users' ability to participate in the incentivized testnet once it launches at the end of November.
CEO of Binance shares communication tips for aspiring entrepreneurs
Changpeng Zhao, the CEO of Binance, says that how you talk is often more important than what you're talking about.
BnkToTheFuture CEO: 50 Percent of Funding Will Be Through Security Tokens in 2020
Online investment platform BnkToTheFuture will expand its storage token offering business to the U.S with an investment in a Securities and Exchange Commission-licensed broker dealer.
A Mysterious Airdrop Called EIDOS Is Clogging EOS to Make a Point
EOS has been clogged up by a giant airdrop for a token called EIDOS - and it's not clear the token is even good for anything.