Vechain: When Fundamentals Aren’t Reflected in Price.

Vechain was perhaps one of the most legitimate and well thought of blockchain projects over the last year, however it has seen its price decline from an all time high of $8.46 on 20 January 2018 (For the token VEN before the exchange to VET) and now trades at $0.004312, which an equivalent value for the VEN token price would be $0.4312 VET (1 VEN = 100).

Purchasing at the top would have resulted today in a net loss of -94.9%. A virtual wipe out.

In fact, comparing the loss to others blockchain projects, Vechain has had one of the worst crashes of all and in the shortest period of time.

Source: Coin Gecko

Despite this though, the project marches on. The current list of partnerships for Vechain is staggering. The clothing giant H & M were recently added to the ever expanding list of companies who are using Vechain’s technology to add parts of their supply chain onto the blockchain.

These companies include:

• DNV GL
• PriceWaterhouseCoopers (PwC)
• National Research Consulting Center (NRCC)
• Yida China Holdings Limited
• BitOcean
• China National Level partnership
• Direct Imported Goods (D.I.G)H
• China Unicom
• Kuehne & Nagel
• DB Schenker
• BMW Group
• LVMH
• Groupe Renault
• Fanghuwang
• iTaotaoke
• Bright Food
• LogSafer
• Shanghai eGrid Consulting Co. LTD
• NTT Docomo
• People’s Insurance Company of China (PICC)
• BYD
• SBTG Surplus & Co
• ENN Energy Holdings Limited
• Republic of Cyprus National Level partnership

Source: VeChain Insider

The Japanese telecoms giant NTT Docomo is expected to join the already highly respectable list of global businesses who are banking on blockchain with Vechain.

Vechain also has a working use case, already tracking wines, luxury bags and clothing:

shopping in London.. with VeChain.. Real use, real value.. Adoption! @vechainofficial #VET $VET pic.twitter.com/vDVZlOHmFu

— Dimitrios Neocleous (@_DiNeocleous) November 2, 2018

While this is not investment advice, it seems clear at least to this writer that the fundamentals of this project have not changed. This bear market is going to cull most of the current blockchain projects in the space, but I don’t believe VeChain will be one of them. A phoenix like rise similar to Amazon after the dot com boom is more likely. There’s just too much going on and too many big players invested.

NOT INVESTMENT ADVICE

The Content on The Decentral is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by The Decentral or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. The Decentral is not a fiduciary by virtue of any person’s use of or access to the Site or Content. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the Site before making any decisions based on such information or other Content. In exchange for using the Site, you agree not to hold The Decentral, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision you make based on information or other Content made available to you through the Site.

Who you’re reading:

David Black is a staff writer at The Decentral, living and writing in Chiang Mai, Thailand. He’s also the author of both fiction and non fiction books and likes to debate the finer parts of crypto currency and politics to anyone who will listen.

For questions or story ideas, you can contact David

Email: david.black@thedecentral.com

Facebook — Twitter — YouTube Channel — David’s Books — RSS

Disclaimer: Any and all opinions expressed here are those of David Black alone. The article is for educational and/or entertainment purposes only, so please use it at your own risk.

Originally published at www.thedecentral.com on November 25, 2018.