Coin highlights: VeChain



VET (VeChain) as Large-cap Coin is 22nd in the 2100NEWS ranking. The quality of the order book of VET is Excellent. The average quality of the order book for large caps members of the NWSL100 index is 11.94. What is the true value criterion in the crypto world?

*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you coins that are worth keeping in mind.

 

About coin

VET has been launched in 27 exchanges.

VET as Large-cap Coin is 22nd in 2100NEWS ranking (after Index Review of 22nd November 2019). It is an Index member: NWST1100, NWSL100, NWS30, NWSCo100.

 


2100NEWS DA Orderbook Quality Evaluation Grade: Excellent, Score: 21.3, (Average for Large caps: 11.94)


Over the past week, the average market cap was $379.9 million, average daily volume was $105.9 million.


 

To make appropriate peer comparison we gauged the VET (VeChain) coin with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the daily chart below, at the top we can see the VET vs. NWSL100, in the middle of the chart is the original VET price, at the bottom of the chart are NWSL100 and correlation between VET and NWSL100. On average (purple area graph), the relationship between VET and NWSL100  has shown that since the last week of September VET has grown and beaten the NWSL100, it has soared about 125%. VET’s price tallied price action between $0.003 and $0.0077. The last two weeks VET had a fairly decisive bounce near $0.005. However, comparing the VET green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is weak, the last three weeks the correlation was even negative, VET moved in the opposite direction than  NWSL100. In the last four months, VET as an index member has not been a typical representative of the NWSL100 index in terms of price changes.

2100NEWS observation:

VeChainThor blockchain was designed with business friendly in mind. They built many business friendly features into the core from ground up e.g. multi-party payment. Their blockchain infrastructure ensures a quick implementation for enterprises and developers. The development of VeChainThor technology was focused on three areas: applicability, standard and security. In the VeChainThor Platform, the VET holders hold voting rights calculated by the voting authority model. The stakeholders can be individuals, corporations, government agencies, non-profit entities and other institutions with a valid legal status. The stakeholder voting mechanism ensures the inclusiveness of all designated stakeholders in the VeChainThor Blockchain ecosystem. They have several developer communities. More than 50% of projects and applications came from the community. Their Telegram has more than 22,740 members. They have 116.9K followers at Twitter

 

About VeChain – what they do

The vision of VeChain and the VeChainThor Blockchain is to build a trust-free and distributed business ecosystem platform to enable transparent information flow, efficient collaboration, and high-speed value transfers.

The VeChain is a public blockchain that is designed for mass adoption of blockchain technology by enterprise users of all sizes. VeChainThor is intended to serve as a foundation for a sustainable and scalable enterprise blockchain ecosystem, supported in part by our novel governance and economic models and unique protocol enhancements.

With the launch of the project, VeChain focused on building a business ecosystem without trust, enabling transparent information flow, effective collaboration and rapid transfer of value. Specializing in blockchain and IoT technologies, VeChain has become one of the few blockchain platforms with real world business applications adopted by reputable enterprises across multiple sectors worldwide. By providing robust and secure blockchain infrastructure, enterprise solutions, turnkey packages and development tools in both software and hardware, VeChain aims to enable its business partners and developers to adopt blockchain solutions for business and create a powerful and sustainable ecosystem.

VeChain’s Blockchain-as-a-Service (“BaaS”) platform is called ToolChain. ToolChain is a comprehensive blockchain platform offering diverse services including: product lifecycle management, supply chain process control, data deposit, data certification, and process certification. With ToolChain, any sized business, no matter how large or small, can utilize blockchain technology to further enhance brand perception and value as well as to expand into new business models using immutable data.

 

General information

Founded in 2015, VeChain is one of the earliest blockchain technology companies in the world. VeChain currently operates out of seven offices located in Shanghai, Singapore, Paris, Luxembourg, Palo Alto, Tokyo and Hong Kong, with the international professional team of over 100 staff members including over 50 professional blockchain application developers. The founders are: Sunny Lu (CEO) and Jay Zhang (CFO).

 

Exchanges: BigONE, Binance, Binance US, BitAsset, Bitbns, Bitfinex, Bithumb, BitMart, Bitrue, Bittrex, Bitvavo, BKEX, CoinEx, Coinsuper, DragonEX, Gate.io, HaloDeX, HitBTC, Huobi Global, Huobi Korea, Huobi Russia, KuCoin, LATOKEN, LBank, Livecoin, MXC, OceanEx.

 

Website: https://www.vechain.com/

You can follow them:     Twitter     YouTube     Medium

 

Do you know more about this topic or would you like to report an error in the text? Leave a comment or email us at info@2100news.com.

 

The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any coins VET.



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