VeChain’s (VEN) Rebranding Will Surely Cause Aftershocks

[Photo: PwC and VeChain Source: leaprate.com]

Two ginormous cryotocurrency events are scheduled for the 26th of February this year. The first is the scheduled release of Litepay in 41 countries including the U.S, China, Japan, U.K and Germany. The second is the re-branding of VeChain (VEN). I am no geologist, but these two events are destined to cause some seismic activity that will probably be registered on a Richter scale somewhere on the globe. After which there shall be aftershocks in the cryptocurrency markets as both VeChain (VEN) and Litecoin (LTC) soar to great heights.

I have never been to Singapore (the home of VeChain), but if my party antennae are accurate, the event will be a big one over there. Besides the usual presentations in front of a ginormous screen with a crowd of equally excited participants and audience, I predict a good after party. I can even see in advance the house-music playlist the D.J will play! And the spectacular laser light display that night. Perhaps it will be a good event for one of us VEN fans to attend!

You can clearly see that I am getting excited mentioning the event even with me being over 5,000 miles (8,046 km) from Singapore. It is such excitement that many VEN enthusiasts believe that 2018 will be the year for VEN on three levels: coin value, applications and adoption of those applications.

Regarding coin value, VEN has done wonders in the exchanges as the rest of the market was bleeding. On January 22nd, it had reached its peak of $9.37. At its most recent lowest price, VEN was valued at $2.69 on February 6th. This was also the same day when all our coins did a drastic nose dive and Bitcoin was valued at $6,149. But VEN has since recovered and is valued at $5.08. This is an 89% price increase in 11 days. The only coin that has beat this performance is Litecoin with a 99% increase within the same time period. One can even wonder if these two coins are joined at the hip in terms of destiny in the Crypto-Verse.

The total supply of VEN stands at 873,378,637 with the circulating supply being 470,608,367. This is a relatively lower number than the likes of Ripple with 39 Billion coins in circulation and 100 Billion total coin supply. Such a low number of VEN tokens guarantees a rise in value whenever there is demand. As we speak, VEN has done 16.83% in gains in 24 hours. Imagine what will happen on the 26th of February when the D.J plays that House-music at the rebranding event.

Also to add, is the news of a PwC and DNV GL utilizing VeChain as a core technology. This is proof of concept and adoption of the VeChain platform. These partnerships have cemented VeChain in the crypto-verse as a powerhouse in enterprise blockchain technology.  These two parnerships have also led to the first and second releases of their Apotheosis or grand developments of the VeChain project. The third apotheosis will be the re-branding on the 26th.

The re-branding is rumored to include, but not limited to, changing the name of the VeChain tokens to VeChain Thor tokens operating on the Thor blockchain. The coins will have the symbol VET and will involve a conversion of the current VEN tokens to VET in a ratio of 1:1.

In a nutshell, VEN is destined to be re-branded as VET on the 26th of this month. And if past performance of the tokens is something to go by, its value will surely go up leading up to the event, during and after. To add to the above, constant developments in terms of partnerships will surly aid in the project’s success and a Moon landing of the tokens.

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Comments

13 responses to “VeChain’s (VEN) Rebranding Will Surely Cause Aftershocks”

  1. Admin Avatar
    Admin

    Are you a geek that loves crypto and would like a job writing about it? for more info leave a comment here with your email address. Thanks.

  2. Cryptoverlord Avatar
    Cryptoverlord

    Interested.

    1. John Njui Avatar

      Follow us on Telegram for more news

      https://t.me/cryptogazette

  3. Hans Avatar
    Hans

    Objective…

    1. John Njui Avatar

      Every company wants to rebrand to keep with the changing times and new technology.

      Follow us on Telegram

      https://t.me/cryptogazette

  4. yoyoyo Avatar
    yoyoyo

    You guys have no ideas about RFIDs and are all thinking Vechain is a revolution. Vechain has nothing of revolutionnary and RFIDs are old and have a lot of issues. Vechain is only hype with a team making a lot of noise in asia. It can success but stop spreading bs about it, its just an average coin

    1. B Avatar
      B

      Yeah they don’t even have any partnerships. The project is going nowhere

      1. Trevor Avatar
        Trevor

        How about you do some research before spreading fud. They have a bunch of partners

  5. Jacob Davies-Walter Avatar
    Jacob Davies-Walter

    “Such a low number of VEN tokens guarantees a rise in value whenever there is demand.”

    Make no sense?

    1. Matt K Avatar
      Matt K

      How does it not make sense? It’s basic supply and demand.

      High supply with low demand = low price
      Low supply with high demand = high price

  6. Viki Avatar
    Viki

    What happened to rebranding. Did it cause seismic shocks or waves across the globe. It is down and under 5$

    1. John P. Njui Avatar
      John P. Njui

      Lots of factors. Lots of FUD…SEC Regulation, Binance hack…Mt. Gox selling of BTC worth $400 Million.

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