Vechain Adds Largest Chinese Insurer As Partner; VET Price Still Sumbles
PICC and Vechain
At the time of writing, VET is trading for just above $.015—down nearly 30% from last week’s high near $.02. It, like most other altcoins, moved down with this week’s Bitcoin dump. Even with partnerships like PICC and BYD; VET has struggled to separate itself as a blockchain investment outside of other cryptocurrencies. Once PICC and other partners are part of the platform, we should see VET price action and investment based on the merits of such usage. But we may be months or years away from that.
Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.