Analyst Spots Price Level He’s Buying VET “Heavily”, says VeChain’s Bull Run from March 2020 Still Intact
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Nasdaq, an American stock exchange based in New York City, has acknowledged VeChain (VET) as a low-cost altcoin that still has solid potential in 2021.

In an article published by Nasdaq on 25th May titled “7 Low-Cost Altcoins That Still Have Solid Potential In 2021”, it’s stated that the market is looking for new low-priced altcoins that could make new crypto millionaires.

Read Also: Sunny Lu: DNV and PWC Customers Will First Consider VeChain If They Want To Use Blockchain

The interest of investors in these low-cost cryptocurrencies increased after the recent sell-off in digital currencies, which makes them look attractive due to their upside potential.

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VeChain (VET) is regarded as a Low-Cost Altcoin with Solid potential in 2021

Among the assets listed by Nasdaq is VET, the native token of the enterprise-level public blockchain platform, VeChain.

According to Nasdaq, VeChain aims to make supply chains transparent through the smart contract feature of blockchains.

Read Also: Sunny Lu: Greater and Braver People Build on VeChainThor to Reveal the Value of Blockchain

Describing VeChain Thor blockchain, the article quoted a recent academic thesis by Pietro Palamara of the School of Industrial and Information Engineering, the Polytechnic University of Milan, Italy, which says:

“Vechain is a permissioned blockchain platform based on Ethereum blockchain, it was developed by the Chinese BaaS company BitSe, based in Shanghai and founded by ex-managers of IBM, Louis Vitton and Alibaba. Developers of Vechain aim at completely eliminating the threat of the market of counterfeit goods, using the potentialities of smart contracts and blockchain technology.”

Read Also: Laptop Mag Describes Cardano (ADA) As the Best Crypto for Eco-Friendly Advocates

Powered by the Proof-of-Authority (PoA) algorithm, VeChain offers a higher level of scalability for enterprise solutions. Nasdaq acknowledged the notable partnerships sealed by VeChain with a number of big companies such as PriceWaterhouseCoopers (PwC), Yida China Holdings, BMW, and Renault.

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Tobi Loba

By Tobi Loba

Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.