Analyst Spots Price Level He’s Buying VET “Heavily”, says VeChain’s Bull Run from March 2020 Still Intact
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The VeChain community members have been asking questions as to what is delaying the listing of VET, the native token of the leading enterprise blockchain platform, VeChain, by the largest US-based crypto exchange, Coinbase.

Coinbase is also considered to be one of the largest exchanges in the world. So, based on this fact, anyone could have wished for the listing of his choice digital currencies on such a platform. However, in the case of VeChain (VET), this has not played out as expected.

Read Also: Laptop Mag Describes VeChain (VET) As the Best Business-Centric Cryptocurrency to Buy

Coinbase Still Exploring VeChain (VET)

On 10th June 2020, the leading digital asset trading platform, Coinbase, revealed in an article that it’s exploring VeChain (VET) along with a number of other cryptocurrencies such as Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, among others.

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In the article, Coinbase wrote:

“We are continuing to explore the addition of new assets for customers around the world. Coinbase’s goal is to offer support for all assets that meet our technical standards and which comply with applicable laws.”

The question now is: why is VeChain (VET) not meeting Coinbase’s technical standards and what laws is the cryptocurrency not complying with at the moment? The VeChain community continues to agitate with daily tweets and posts on various social media.

Read Also: WEED-Shipment Is Being Traced With VeChain in the Netherlands

Why Coinbase Should Consider Listing VeChain (VET)

Considering the growth and development in the VeChain community, which is equally reflecting on the daily use of the digital token VET, Coinbase should make a productive review.

VeChain has vastly gained ground in the enterprise world. Powered by the Proof-of-Authority (PoA) consensus algorithm, the blockchain project offers a higher level of scalability for enterprise solutions.

Developers of Vechain aim at completely eliminating the threat of the market of counterfeit goods, using the potentialities of smart contracts and blockchain technology, where its strength majorly lies.

Read Also: Livecanna Products Can Now Be Verified On VeChain Blockchain after Partnering with Real Items

Also, VeChain has sealed partnerships that cannot be easily come by, such as partnerships with PriceWaterhouseCoopers (PwC), Yida China Holdings, BMW, Renault, among others.

Why Coinbase should consider listing VeChain (VET)? It’s considered the most undervalued cryptocurrency in the industry. VET gained this unanimous backing due to the reputation already built by VeChain in the ecosystem.

After recommending VeChain (VET) for review in June 2020, Cardano (ADA) and others that never appeared on the list have since been listed. So, why is Coinbase delaying the listing of VET?

Read Also: VeChain (VET) Trading Will Soon Be Available on the VIMworld Marketplace

At the moment, one of the best wishes of the community is to see VET tradable on the crypto exchange. VET going live on Coinbase could have been a dream come true for the teeming members of the VeChain community.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.