VeChain (VET) Rises With Two New Developments

VeChain (VET) continues its positive momentum by rising to the $ 0.031 band with a 15% increase in value since yesterday. The cryptocurrency has seen a 21% increase in value over the past week.

Operating as an enterprise-level layer-1 smart contract platform, VeChain is making significant progress in terms of adoption in a wide range of industries, especially in combating climate change. In the latest developments, the protocol has deployed VeCarbon, a software as a zero-threshold carbon management service (SaaS) protocol, with its unique capabilities.

With the increase in institutional adoption, VeChain is also pushing the boundaries in terms of the utility of Blockchain protocols, which is seen as the second major catalyst. With the existing project launch partnership with Simplex, more traditional industry companies will have access to the speed and low transaction costs of the VeChain protocol, among other features.

As of writing, VeChain price is $0.032001 USD and 24-hour trading volume is $243,811,749 USD. VET’s current CoinMarketCap ranking is 32nd with a live market cap of $2,320,417,904.