The VeChain cryptocurrency has risen sharply. In the last 24 hours its course has increased by 45.69% (at 15:40 GMT+1) according to data from CoinMarketCap. Altcoin has also entered the top-20 rating of the largest digital assets. It now occupies the 18th place with a capitalization of $814 million. The value of the VET currency is $0.014. Before the sharp jump, in the morning on August 16, the coin was worth $0.008.
VeChain is the largest blockchain company in China and the only authorized supply chain tracking provider in Shanghai. In early August, it became known that it is partnering with DNV GL for tracking drugs and vaccines in the country. The decision came after a scandal when it was revealed that the vaccine manufacturers distributed fake drugs against rabies, which were instilled in hundreds of thousands of children.
More than 80% of cryptocurrency turnover is accounted for Binance exchange. Yesterday crypto exchange KuCoin introduceddeposit services for VeChain holders and the possibility of withdrawal in VET.