I trade numerous coins many of which I trade for Bitcoin profit and others to gain free coins. One of my favourite projects is VeChain (VEN). If you had of been lucky to snap up the coin back in September ($0.24) even after the recent correction you would still be over 20 X in profit at todays price of $5.90. VeChain managed to touch the $9.40 mark near the end of January before crypto started dipping across the board.
To summarize VeChain in a few words,
VeChain is a blockchain-empowered platform that is intended to improve the processes of chain managemnt. By using carefully designed and disseminated ledger technology, VeChain gives retailers and customers the capacity to decide the quality and authentication of items that are purchased. From item source materials, to servicing history, and spare part substitutions, each and every snippet of data about the inventory network development of an item can be recorded and confirmed to achieve a production network administration ecosystem system that is secure for all members.
VeChain has recovered brilliantly throughout Fedbrauary but I am still very bullish on VeChain due to recent announcements and future news around the corner.
A few days ago VeChain announced their partnership with Yida on twitter.
This is massive news, Yida are a very well known master planned zone real estate developer well known for their smart city assests. They are ranked 7th in china for their sector so this partnership is not to be sniffed at and is exciting news for the project.
In addition to this investors are eagerly looking forward to Q2 which will see Mainnet coordinate the token swap alongside THOR, this will enable a passive income which should interest all investors new and current.
AMA air drop has happened and has expressed it's purpose to solidify itself showing that VEN is amongst the best of the best Chinese blockchains. Please note that exchanges will not be supporting air drop so hold coins in wallets such as MEW.
VeChain is already on (in my opinion) one of the best exchanges out there, Binance but arousing Korean investors is never a bad thing, there's lots of Koreans and if they like a project you can expect to see their money flock in thick and fast. So the news that VeChain should be joining coinnest on the same day of their re-branding (26th February) can only be positive news and undoubtedly push the price up.
Many coins that have began projects look to rebrand their image as their products develop and VeChain is not exempt from this. It is expected to reveal their new image on the 26th of this month. While I don't think this will directly send the SP to orbit it is a great indication of the direction the project see's itself heading.
We are also seeing a lot of recent trading on one of the less known Chinese exchange Lbank (not surprising as Ven is a Chinese coin) and just like the Koreans the Chinese love the good projects and invest heavily.
It is also rumoured (from a reliable source) that a partnership with BMW may be on the cards although nothing official has been announced by the project themselves.
I can see VEN hitting the same sort of prices as NEO has. It may not be overnight but I honestly feel that long term holders will see the rewards. This is only my personal opinion and please do your own research before investing.