VeChain up 10% after Binance US listing; what's next?

Published on by Cryptoslate | Published on

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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.