What platform is on VeChain (Can VeChain rise to 1000 yuan)?
What platform is on VeChain? According to official sources, VeChain\’s technolog
What platform is on VeChain? According to official sources, VeChain’s technology is currently the world’s largest blockchain service network and the only developer tool for VeChain.
VeChain’s technology is built on top of multiple underlying technologies, including decentralized transactions, data ownership, and asset management. Its application scenarios include contributing to the development of the digital economy, building a secure, efficient, and trusted architecture through the construction of a data model based on big data analysis to solve the problem of traditional information asymmetry, and providing a one-stop blockchain solution and service.
Can VeChain rise to 1000 yuan?
Recently, VeChain (VET), a blockchain platform launched by VeChain Technology, was officially launched. It has been in public beta since last month. On April 8th this year, the project’s price rose to about 10,000 US dollars in just half a week, equivalent to about 300,000 RMB at the time. However, up to now, its market value has approached 30 billion US dollars.
For this wave of market trends, there seems to be nothing to stop its continuous rise except for the rise in token price. In media reports, many attribute this recent decline to low market sentiment, lack of investor confidence in the project, and disagreements with “old leeks” (experienced investors), and some even believe that this decline may only be the beginning. So why should we view this unstable situation in this way? We need to pay attention to the following: Currently, there are two opinions in the market. The first opinion is that Bitcoin has reached its peak and it is generally believed that Ethereum will experience another bubble. The second opinion is that Bitcoin is about to break the 20,000 yuan mark. If this situation does not change, it means that Bitcoin will return to above 20,000 yuan. If BTC continues to remain above 2 yuan in the future, Bitcoin may further decline to below 3,000 US dollars. The second opinion is that Ethereum will not reach a new high and will buy Bitcoin like Tesla to cover its losses and prevent large-scale selling in a bear market, reducing the demand for inflation and thus pushing up the price. Another explanation is that although Bitcoin’s price will not exceed 3 times in the short term, with the gradual increase in the application of ETH2.0 and new features such as DeFi and the emergence of DeFi dApps, Bitcoin is expected to rebound faster and attract more traditional institutional investments. Of course, some also believe that due to the high transaction fees of the Bitcoin network, the cost of Bitcoin mining is too high, so there is a large speculative space, and investors can participate in mining to profit and get higher returns.
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