Triaconta Weekly #179
The following topics will be addressed in this weekly.
- Bundle performance
- Winners and losers
- What is VeChain?
Bitcoin has risen above the $50,000 (€42,100) milestone again, with a significant jump that looks more promising. All Bundles are of course doing great in this market with an exceptionally high performance of almost 80% return over the past month for a revised and balanced Top30 bundle.
Revision update: Celer Network was added to the Penny stock bundle a month ago and has since gone up 100%.
1 Month: +50.33% | 7D: +13.08% | 24H: +1.12%
1 Month: +79.78% | 7D: +17.32% | 24H: +2.23%
1 Month: +71.75% | 7D : +13.61% | 24H: +1.63%
1 Month: +85.44% | 7D: +15.14% | 24H: +1.11%
Winners and Losers
August was an excellent month for Avalanche (+240%) and for Solana (225%) who crossed the €100 mark for the first time. This week Solana (+68%) continues the increase, but the unexpected winner is Aelf (+105%) after a successful network upgrade and token swap. Aelf is a former Penny Stock that we still offer as a single coin. Other winners are IOTA (+57%), Fetch.AI (+33%), Waves (+32%) and Polkadot (+29%). A small correction within an uptrend this week for Pancake Swap (-6%) and Maker (-2%).
What is VeChain?
VeChain is a pioneer in the integration of Internet of Things (IoT) and Distributed Ledger Technology (DLT). The blockchain was built from the ground up with IoT integration in mind. The Internet of Things is the network of billions of smart devices currently in use worldwide. All these devices have some kind of sensor and the ability to communicate online data. For example, product packaging can have a temperature sensor that allows all participants in the supply chain and ultimately the buyer via VeChain to see whether the product has been transported and stored correctly.
VeChain (VET) has been included in the Top30 Bundle since February 2018 and is regularly in the news by using their blockchain in the real world of, for example, drink and food. It gives all manufacturers, distributors, sellers and buyers the opportunity to monitor what has happened to the product or its parts during the journey from maker to buyer. With this, the authenticity of luxury (brand) products can be guaranteed or the quality of goods such as food or medicines can be assessed. Several industries and governments are already using the network to effectively prevent counterfeiting and fraud. The VeChain blockchain also offers advantages for logistics, because it is possible to trace where a product is at any time and anywhere.
The VeChain (VET) price was at €0.02 when 2021 started and reached an all-time high of €0.23 during the March-April rally. After this more than tenfold price increase, VET, like the rest of the market, fell back to € 0.05. We have now risen for the third time to €0.12 and with the help of the current positive market sentiment, the currency seems to be able to break through to higher price levels this time. The first goal is to double to the previous highest price.
More than most projects, VeChain demonstrates the maturity of the blockchain industry. Today, blockchain is more than just speculative trading of cryptocurrencies. Platforms like VeChain offer the world a more efficient alternative to the status quo. Big companies like BMW and Renault really use VeChain and the list of partners continues to grow which lays a solid foundation under the price.