Enterprise-level partnerships and an emphasis on real-world deals have propelled the price of VeChain’s $VET token to a new all-time high.
According to a report by Cointelegraph, VeChain has become validated in the eyes of large-cap investors due to a series of enterprise-level partnerships. VeChain is a blockchain project that seeks to integrate decentralized governance and Internet of Things (IoT) technology with supply chain management. The VET token price has gone up around 642% vs USD in the year-to-date period.
The reports cites enterprise-level adoption and a “wide array of use cases” for working in the favor of VET.
On April 8, the VeChain Foundation announced that Salesforce had “chosen VeChain as the blockchain of choice in a sample enterprise adoption case” and successfully connected VeChain’s Blockchain-as-a-Service (“BaaS”) platform, which is called ToolChain, with Salesforce.
The report went on to say that the successes of VeChain have also helped to greatly increase the price of VeThor Token ($VTHO), which is used as gas to pay for transactions on the network; so far, this year, VTHO is up more than 2,227% vs USD.
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