The 2021 Forbes Blockchain 50 mentioned VeChain and the company celebrated a huge milestone that could give a new wave of corporate adoption now. VET increased 150% over the past two weeks and made some strong profits ont eh daily and weekly charts as we can see in our VeChain news today.
Via its Twitter handle, Vechain announced that the platform was mentioned in 2021 Forbes Blockchain 50 which came as a celebration for its third year, offering definitive accounting for the companies that use blockchain technology and cryptocurrencies. Forbes declared that BTC and blockchain went mainstream in 2020 with a growing interest in many sectors, claiming that the technology had a real impact in the corporate world:
“Bitcoin and blockchain have gone mainstream. Bitcoin’s 2020 surge grabbed the attention of C-suite executives worldwide; not only are companies employing the technology underlying Bitcoin to perform tasks such as reconciling invoices and verifying product provenance, but dozens are now holding Bitcoin as a treasury asset.”
The list included Microstrategy that is led by Michael Saylor, Binance, Coinbase, Ant Group, Samsung, Square, and others as the foundation noted:
“Blockchain is transforming the supply chain & traceability industries, eliminating inefficiencies. Thank you, Archana Sristy, for mentioning #VeChain in the 2021 Forbes Blockchain 50! We’re proud to power Walmart China’s Food Traceability Platform.”
Trader Justin Bennet already said he was bullish on the VET token but he believes that the 24-hour rally could have been caused by a larger Discord group. Bennet classified the token’s rally as inorganic and said that there was strong manipulation in the price action by adding:
“Stating that there was a coordinated VET pump on Friday takes nothing away from the fundamentals behind VeChain. Does VET deserve to be where it is? Hell yes. I’ve said multiple times I think it’s going to $1 to $3 this year.”
The Discord group Bennet referred has about 200,000 members and their move converge with high trading volume for VET in the exchanges in South Korea. On the other hand, Justin said that VET is poised for a “parabolic move” saying that VET formed a massive bullish Cup & Handle Pattern which could send VET to 377% rally by adding:
“This aligns closely with 4.618 Fib extension. Expect consolidation in handle before liftoff. $VET target: $0.5008.”
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