Large Chinese Municipal Governments Are Adopting VeChain’s VeTrust to Help Deal with COVID19
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Since the beginning of 2021, the world of cryptocurrency has been flourishing significantly. Although not all the thousands of digital currencies in the market are currently leveraging this positive and massive trend, VeChain (VET) is not lagging behind in this regard.

Over the past year, VeChain (VET) has been top-notch in terms of growth and development. Within the last 1 year, the leading enterprise blockchain platform has sealed a number of partnerships with companies numbered with Fortune 500.

Read Also: Vexchange Is Modified to Become the Foundation of DeFi on VeChain and Rival Ethereum’s DeFi Landscape

So, the growth experienced by VeChain’s native token, VET, cannot be termed as a mere coincidence to the current market trend, that’s why many see the cryptocurrency as the most undervalued in the crypto ecosystem.

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VeChain (VET) Has Gained Over 3000% in the Last One Year

According to a pseudonymous VeChain community member identified on Twitter as VeChain Whale, the native token of the leading enterprise blockchain platform has gained over 3000% since the last 1 year.

Captioning an illustrative image of VET’s price trend, the user said in a tweet a couple of hours ago that whoever purchased and held VeChain (VET) in the last 1 year is now 3000% richer.

Obviously, such a notable growth in just 1 year cannot be termed as a mere investment.

Read Also: VeChain Referenced in an Academic Paper as a Developer of Blockchain Platform Built to Monitor Vaccine Production in China

VeChain Whale tweeted, “If you bought VET one year ago and held until today you’re up well over 3000%.”

VeChain (VET) Is Voted as the Most Undervalued Crypto

A poll that accrued a very large sample size was conducted and concluded a few days ago. The poll was launched by the popular platform for crypto analysis, Real Vision, to know the most undervalued digital currency in the crypto ecosystem and VeChain (VET) topped the poll with a notable margin.

Out of 140,341 respondents, 65.8% voted for VET, 30.6% chose Hedera Hashgraph (HBAR), while only 3.6% think Ravencoin (RVN) is the most undervalued crypto.

Read Also: VeChain Vast Adoption in Italy Confirmed Via an Italian News Broadcast: 3 Wineries Testing Its Solution

Considering such a large sample size and the huge margin between VET and other chosen cryptocurrencies, we can conclude that the poll has indeed spoken the mind of the whole crypto ecosystem. Also, as aforementioned, the growth and development within the VeChain ecosystem are enough to justify the priceless rating.

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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.