Vechain has a leading edge in the supply chain industry. There are a few compelling reasons why the Vechain could be a good investment as follows:
Vechain owns an innovative blockchain. Take a look at the top 10 cryptocurrencies, you will realize that most of them offer pioneering technology and groundbreaking blockchain-based solutions. I think this is similar, and its contributions to the supply chain industry may now be underrated but will soon attract widespread adoption and adoption, and push VET token prices
Benefit from eNFT and DeFi: VeChain has positioned itself as one of the dominant blockchains on which smart contracts for DeFi, NFT for businesses (eNFT) applications can be executed. The explosion of these two topics will likely help boost VeChain's popularity
Vechain is getting mass adoption: Over the past few years, VeChain has partnered with multinational organizations looking to leverage blockchain networks to streamline their supply chain systems. Check my review here for more information https://cyrator.com/post/64a1628b7b2095391863ec94?ref=644a48c344987951d0590e6c
Then what are the red flags?
The most feared competitors are famous technology companies like Amazon, IBM and Verizon which will soon enter the crypto industry and will launch blockchains similar to Vechain. If this happens, Vechain (VET) will gradually lose its position, and the price of VET will be affected.
Influenced by the market: In general, no matter how outstanding the technology is, the price of VET is greatly influenced by the general market, and in this case are BTC and BTC.d. For me, here is not a good area to buy altcoin.
In conclusion, here is a good project we should keep an eye on. But I only invest if BTCd is above 60% or BTC drops around 20-25k USD. Show Less
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