VeChain Jumps 23% Weekly during Post-Epidemic Discussions

by in Cryptocurrency News

VeChain Jumps 23% Weekly

VeChain is making progress out of China.

VeChain (VET) rate went higher having a week of increases along with analysis with Chinese authorities based on a post-epidemic wellness reaction. On Wednesday VET grew 2%. Then, the cryptocurrency raised about 23%.

Only 2 other top-30 assets NEM and Chainlink managed to surpass VET during last week. At the moment VET ranks #29 with a market cap of $751 M. The cryptocurrency’s progress has concurred with a conference of leading executives from China’s Hubei Province, VeChain, and DNV GL Global, a global risk technical advisor, the previous week.

As announced by the news, there was discussed the use of cyber means to revise the medical care during COVID-19. Supply-chain management, mainly the ones that allow import following and validation, will be a crucial part of the past-crisis solutions.

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Let's mention that having connections with Beijing, VeChain isn't a completely decentralized protocol. Its engineers combine innovations from decentralized and centralized finance.