• VeChainOne of the best crypto projects is this one, which solves issues in supply chain and product management.
• VeChain plans to upgrade its network by November. That could be a catalyst for VET rallies.
• VeChain, based on its success technology is working towards sustainability.
• VET trades at nearly half its historical high, and is undervalued.

Blockchain is more than just cryptocurrency. VeChain, one of few cryptocurrency that can be considered more than just a crypto currency, is designed to meet the requirements of enterprises-level clients.

VeChain employs distributed ledger technology (DLT) to improve businesses’ supply chain and product lifecycle management. VeChain is a technology leader, but when is the best time for VeChain to invest in its VET tokens.

VeChain Prepares a Revolutionary Network Upgrade
VeChain’s unique application of blockchain technology has earned it praises since its 2015 launch. VeChain solves supply chain problems by making a public record of Radio Frequency Identification tags.

VeChain’s blockchain has earned it a certificate from China Association for Standardization. This is the first open-source public blockchain that responds to international requests to provide a toolkit of blockchain tools for real-world needs.

VeChain has made significant updates since the launch of its blockchain. However, VeChain wants to enhance its network through its VeChainThor network upgrade. VeChain will be ready to activate Phase One of POA2.0 with the VeChainThor version 1.6.0.

VeChain has plenty to grow especially as its supply chain software and blockchain software gain popularity. VeChain can gain greater acceptance by upgrading to POA2.0, which will improve its performance and security.

POA2.0 is described by many as the most advanced protocol in its field. POA2.0 combines Nakamoto consensus mechanisms and Byzantine fault tolerance to overcome their flaws, while maximizing their strengths.

POA2.0 will guarantee that data is ‘finalized’ immediately, and ensures that no accidental forks of the network can occur. In addition, POA2.0 will prevent ‘branching,’ which can temporarily disrupt a blockchain, leading to data loss.

On November 5, the Testnet for POA2.0 will go live. The mainnet, block #10653500, is set to launch on November 16. VeChain (VET) could reap more rewards from the launch of POA2.0.

Major price increases have been seen for native tokens in the wake of network upgrade. A good investment for the short term is VeChain, which can be bought before POA2.0 goes live.

VeChain is available at the best price

Unlike most leading cryptocurrencies, which are currently at their all-time highs, VeChain’s (VET) price is sitting at roughly half of its ATH. VET’s highest value ever was $0.2782.

VET’s current price is $0.1369 at the time this article was written. This represents a 3.88% increase in the past 24 hours. VET’s value right now is below average. Investors who bought VeChain at that price at the peak would see a minimum of 100% return on their investment.

VeChain (VET) price chart year to date Tradingview

VET has a bright future thanks to the performance of this project. VET can be bought at half the ATH, which is quite a bargain.

To The Flipside

• Given the current price and momentum of VET, analysts have predicted that VET’s price might reach $0.25 to $0.30 by the end of 2021
• VET is currently at an elevated price compared to its predicted end-of-2018 prediction.

VeChain Building toward Sustainability

VeChain is a strong advocate for Sustainable Development Goals, despite being criticized by cryptocurrency for overusing electricity and being harmful to the environment. Beyond its actual developments, VeChain Foundation is striving to achieve carbon-neutrality.

The VeChain Foundation recently announced that it had joined San Marino’s National 2030 Agenda For SDGs. VeChain was partnered with DNV GL to produce the Low Carbon Ecosystem strategy tool, which will help San Marino to become the first state to be carbon-neutral.

VeChain’s (VET), as a leader in the integration IoT/DLT technology, is strategically positioned for success when those technologies become mainstream.

VeChain is currently in its early stages, despite its recent significant developments and future plans to achieve carbon-neutrality. VET could be viewed as buying crypto in its early stages of development, 2021.

Why you should care

VeChain, more than any other project, demonstrates the increasing maturity of blockchain technology. The project exemplifies the statement that “blockchain is more than cryptocurrencies.” The value of VET is predicted to increase as more people become aware of, and leverage the potential of, the VeChain blockchain.

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