Enterprise-level partnerships and an emphasis on real-world deals have propelled the price of VeChain’s $VET token to a new all-time high.
According to a report by Cointelegraph, VeChain has become validated in the eyes of large-cap investors due to a series of enterprise-level partnerships. VeChain is a blockchain project that seeks to integrate decentralized governance and Internet of Things (IoT) technology with supply chain management. The VET token price has gone up around 642% vs USD in the year-to-date period.
The reports cites enterprise-level adoption and a “wide array of use cases” for working in the favor of VET.
We're pleased to have worked with Daniel Nortje, Director of Strategy & Architecture at @Salesforce.
— VeChain Foundation (@vechainofficial) April 8, 2021
The report went on to say that the successes of VeChain have also helped to greatly increase the price of VeThor Token ($VTHO), which is used as gas to pay for transactions on the network; so far, this year, VTHO is up more than 2,227% vs USD.