VeChain (VET) Joins DoCoMo 5G Partners Program, Token Price Sees Bullish Signals

vechain

 VeChain (VET) has announced a partnership with leading Japanese telecom DoCoMo, potentially leading to expansion of the VeChain project on the Japanese market.

VeChain is chosen for the NTT Docomo 5G Partner Program.https://t.co/ke9T0wxBhe
— VeChain Foundation (@vechainofficial) August 5, 2018

The NTT DoCoMo telecom company has opened up to startups, attempting to add value to its upcoming fast internet connection, planned for adoption after 2020. With the participation in 5G explorations, VeChain will increase its presence in Japan:

"Our goal is to enhance and enrich our current data services capacity within traceability, supply chain management, and smartphones for our users. With our ongoing effort to bring traceability use cases in Japan into our ecosystem, the 5G program will bring additional value to VeChain's presence in the region."

VeChain has also made use of public platforms to test its technology for tracing and record-keeping, as it aims to become the go-to solution for the car industry, and the luxury goods sector. Previous partnerships have included exploration of the BMW platform for smart vehicles. Partnerships and applying the VeChain blockchain have been one of the central sources of bullish news for the projects. In the latest partnership with DoCoMo, VeChain lines up among technological giants like Sony, to participate in one of the most ambitions fast internet projects in the world.

VET Token Sees Bullish Price Predictions

The VET token has been visualized on CoinMarketCap, since August 4. The new price reflects the split of each VEN token into 100 VET tokens. Currently, the new asset is seeing another price discovery stage, as the value slid from around $2, and down to the equivalent of $1.30. The digital asset may go through a new price discovery period, as the new, lower price may be baffling to investors. This project has been traditionally volatile, and now the new lower-priced asset may see unexpected price action.

At the moment, VET trades at $0.013, with a small overnight change. The newly quoted price may cause some confusion. As for the new token, predictions see it go as high as $1, in fact matching the price of the 100 times more expensive older VEN tokens.

Investors also see the VeThor (VTHO) asset as potentially valuable, capable of rising on the secondary market:

To everyone saying $VTHO can't be priced higher than $VET: It takes 2315 VET to produce 1 VTHO. VTHO is the distillation of VET. What costs more, a single crocus flower, or an ounce of saffron? A single rose, or an ounce of perfume? $VTHO will pump.
— Jason Rockwood (@jasonrockwood) August 1, 2018

VTHO is the asset distributed from staking VET tokens, either inside the VeChain wallet, or by holding the tokens on Binance, which so far participates in monthly distributions of VTHO.

Neither the author nor the publication assumes any responsibility or liability for any investments, profits, or losses made as a result of this information. Cryptocurrency trading and investing are risky propositions, and market participants are advised to always conduct thorough research.

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Tuesday, 20 August 2019
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