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Covid-19 vaccination app based on VeChainThor blockchain launched in Cyprus hospital

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  • E-HCert App goes live in Mediterranean hospital in Cyprus
  • The blockchain web portal enables physicians to request the medical record of patients.

According to a report by the Orthopedic and Digital Transformation Consultant at the Mediterranean Hospital in Cyprus, E-HCert has gone live in the facility. The app uses the VechainThor blockchain to process laboratory results and also produce vaccination certificates. Since its implementation, more than 500 people have so far received their Covid-19 results and Lab tests on the E-HCert app.

The VeChain Foundation has disclosed that the records for the 100 initial vaccinations of the medical personnel at the hospital are encrypted, hashed, and uploaded on the VeChainThor public blockchain. Patients who register with the hospital are given credentials to safely access their E-HCert.

E-HCert Goes Beyond Covid-19 Results

The E-HCert is said to combine traceability, immutability, interoperability, and compliance to facilitate results. The solution also has a blockchain web portal that makes it easy for physicians to request the medical records of their patients. This encourages easy and transparent communication between the doctor and the patients.

The E-HCert was specifically chosen as it gives users complete control over their medical records. The implementation of the app as claimed by the report will make the residents of the Republic of Cyprus easily work with local authorities to return to their normal activities.

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In 2020, the VeChain blockchain was used in another fight against the pandemic. It was selected to verify the NK95 mask built to limit the spread of the virus. VeChain has marched on towards the facilitation of the Covid-19 results as other facilities rely on it for onboarding data.

Aretaeio Hospital, another medical facility in Cyprus, after carefully observing the efficiency of the technology in Mediterranean hospitals has registered with the VeChain ToolChain platform. As it stands, more than 100,000 people may be served a year.

The VeChainThor blockchain has been said to have the potential to improve upon healthcare delivery, diagnostic and test results. In addition, it can secure the exchange of information between two participants. For this reason, they have received the green light from the Chinese government in addition to establishing connections with the likes of BMW and other heavyweight companies.

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The enterprise blockchain

VeChain was founded in 2015 to bridge blockchain technology and the real world. It aims to ensure that solutions are devised from blockchain technology based on the needs of enterprises. The VeChain ToolChain was designed for clients to ensure that digital transformations are built and driven on a large scale. As it stands, partnerships have been sealed with many of the key global industries including Walmart China, Shanghai Gas, Bayer Group, D.I.G and more.

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Polkadot

Top Crypto Analyst Unveils Massive Polkadot Prediction, Issues Cardano, Solana and VeChain Price Alert

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Crypto strategist Michaël van de Poppe is extremely bullish on Polkadot (DOT), while warning several popular altcoins may face further corrections.

The trader and analyst tells his 442,000 Twitter followers that DOT appears “programmed” to rise above $100 in the current market cycle.

Using a Fibonacci extension model, he outlines $75 and $115 as potential targets.

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“If we assume that the area around $37 is going to hold as we are into a bull cycle, you could wonder whether you could be getting into the markets already or whether there’s a retest. So you derive a potential scenario of potential lows and potential gains. So for you, the [upside] targets are $75 to $115…

If you analyze the fact that we are going to sustain at around $38, then the potential loss and invalidation is this previous low at $32.”

As for Cardano (ADA), Van de Poppe says the fifth-largest crypto asset by market cap is sending bearish signals on the Bitcoin (BTC) chart.

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“Cardano against Bitcoin is showing heavy run-up, bearish divergence here, and currently showing weakness resulting in overall downwards momentum.”

The cryptocurrency analyst says that a buying opportunity may present itself if support around 0.00002930 BTC holds, which is worth about at $1.75 at time of publishing.

“The crucial area that I want to see sustained is overall this level [at $1.75]. If that is going to hold here, which I might find tricky, then I’m looking for anything in these regions for potential long entries.

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If that one is lost, I think we’re going to look at the area around 0.0000150 BTC [$0.90] and 0.00002 [$1.19] BTC before we’re going to get bullish all over again.”

Next up, Van de Poppe says he expects Solana (SOL) to experience “heavy correction.” According to the crypto analyst, the ideal opportunity would be after Solana corrects by about 67%, falling to around the 0.00135 BTC level on the SOL/BTC chart, which is currently valued at $80.40.

“Solana, same picture. Heavy correction most likely going to take place.

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I practically have one area that I’m looking at to buy Solana at this point. It’s this region (0.00135 BTC). I’m not interested in Solana until there. That’s a corrective move of 67%.”

The cryptocurrency analyst also looks at supply chain management blockchain VeChain (VET), which he says is trending downwards.

“What we can see in this cycle too is that we are making lower highs [and] lower lows. And we are also rejecting previous support for resistance all the time.”

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According to Van de Poppe, the “best potential entry point” on the VET/BTC chart is either the 0.00000110 BTC level or at 0.00000150 BTC, worth $0.066 and $0.089, respectively.

“Best potential entry point for me is around 0.00000110 BTC [$0.066]. I’m looking at an entry point in this region. If we get there in November and December, that would be absolutely amazing if that is going to be hit.

Second one – that’s this entire zone that we have here. We dipped in it already and that is the zone around 0.00000150 BTC [$0.089].”

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VeChain

VeChain Price Analysis: VET spike back to $0.123, will the resistance hold?

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  • VeChain price analysis is bearish today.
  • VET/USD spiked back to $0.123 major resistance.
  • Bullish momentum has slowed down over the past hours.

VeChain price analysis is bearish today as the $0.123 major resistance was reached after a very strong rally over the last 24 hours. Therefore, we expect VET/USD bulls to be exhausted and a retracement is needed next.

VeChain Price Analysis: VET spike back to $0.123, will the resistance hold? 1
Cryptocurrency heat map. Source: Coin360

The overall market traded in the green over the last 24 hours, with Bitcoin up by 4.91 percent. Meanwhile, Ethereum is up by 5.42 percent, while VeChain (VET) is in the middle of the pack, with a gain of 13.6 percent.

VeChain price movement in the last 24 hours: VeChain spikes back to $0.123

VET/USD traded in a range of $0.1053 – $0.1224, indicating strong volatility over the last 24 hours. Trading volume has increased by 73.5 percent and totals $762.68 billion, while the total market cap trades around $7.73 billion, ranking the coin in 24th place overall.

VET/USD 4-hour chart: VET to retrace next?

On the 4-hour chart, we can see the VeChain price slowing down after reaching the $0.123 resistance, indicating an upcoming reversal.

VeChain Price Analysis: VET spike snack to $0.123, will the resistance hold?
VET/USD 4-hour chart. Source: TradingView

VeChain price saw a strong beginning of October. A sharp rally from the previous major swing high of $0.082 was seen on the 1st of October, leading to a new high at $0.116.

From there, VET/USD consolidated for several days until another spike higher was seen on the 9th of October, reaching the $0.123 mark this time. What followed was a swift retracement of around 18 percent to the $0.101 mark.

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Further downside was rejected on Tuesday, reversing VET/USD back to the upside after some consolidation. Since then, the VeChain price has seen a strong rally higher as the $0.123 major swing high is tested again.

VeChain Price Analysis: Conclusion 

VeChain price analysis is bearish for the next 24 hours as bullish momentum is exhausted after a strong rally back to the $0.123 mark over the last 24 hours. Therefore, we expect VET/USD to retrace some of the gains and look to set a higher low. 

While waiting for VeChain to move further, read our guides on Best NFT marketplaces, NFT history and development, as well as NFT Music.

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VeChain

VeChain (VET) Could Rally 2,600%

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The crypto market looks excellent today, with most of the essential coins trading in the green.

There are all kinds of optimistic predictions about Bitcoin, especially since the king coin managed to hit essential levels. Analsyst are expecting to see the king coin racing towards new ATHs soon

But there are also optimistic predictions about the prices of some altcoins these days. One of them is VeChain (VET). Check out the latest price predictions.

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VET price prediciton

The online publication the Daily Hodl notes that crypto analyst Justin Bennett said that decentralized supply chain management network VeChain (VET) could be ready to see $1.60 under one condition.

Bennett said that if BTC can make new highs above $65,000, “VET should be able to pull off a 1335% rally in the next two months.”

The online publication mentioned above also noted that if the crypto markets end up going on an extended market cycle that lasts well into 2022, VET may even be able to make it as high as $3.00, which is a 2627% rally from current prices.

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“Bitcoin above $65,000 = $1.60 $VET by December, [in my opinion]. If December peaks short of that and the cycle runs until March 2022, #VET is likely in the $2 – $3 range.”

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $57,659.86.

VET is also trading in the green as well and the digital asset is currently priced at $0.1207.

Bitcoin supply shortage

The other day, we were addressing analyst Nicholas Merten who is looking at one key metric to explain what’s fueling Bitcoin’s bull run.

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He recently said that investors are holding Bitcoin (BTC) for longer and longer periods of time. This is why he believes that BTC can hit $100k by the end of 2021.

“The reason market prices generally go up or generally go down is inflows and outflows, and if we can know there are more people eager to market sell or market buy, we can generally know the direction the price is going to go, and we’re able to spot the trend much, much simpler.”

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