Two Cryptocurrencies You Must Invest In: VeChain (VET) and Degrain (DGRN)

The futures of digital finance and investments have experienced a transformation since the advent of cryptocurrencies. Starting out as a replacement for fiat currencies and a means of remittance. Despite this breakthrough, viability remained a huge challenge.

Timeline of , Vechain

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. VeChain [VET] faced stiff selling pressure in recent months.

The crypto market continues on its downtrend, and VeChain (VET) follows after expiring some relief over the last weekend. The cryptocurrency recently breached a major level of support and seems poised to expand its downside price action.

The price of VET continues to plummet despite the many ecosystem upgrades to the veChainThor blockchain. On 28 June, the VEchain Foundation announced its partnership with Supply@ME Capital PLC, the fintech company behind the inventory monetization platform.

Supply chain tracking platform VeChain has upgraded its consensus mechanism by incorporating “Finality with One Bit” (FOB). The post VeChain Proof-of-Authority: ‘Finality with One Bit' upgrade live on testnet appeared first on CryptoSlate.

Earlier today VeChain announced that VIP-220 is now live on a private testnet on the network's ecosystem. According to VeChain, VIP-220 is a major stride toward the network's upgrade to a Proof-of-authority consensus mechanism.

VeChain VET/USD is a layer-1 blockchain that features smart contracts and has recently undergone numerous developments. The project launched its mainnet initially in 2018, and its cryptocurrency is known as the VET coin. Decentralized application transactions on the VeChain blockchain are made through the usage of the VET token, and can also be used for The post VeChain's VIP-220 upgrade went live, what does this mean for the VET token? appeared first on Invezz.

VeChain's long-awaited VIP-220 is finally live on a private testnet,  the VeChain Foundation's official Twitter handle said on Tuesday. The community considers this a massive step towards achieving a Proof-of-Authority 2.0 consensus mechanism.

VeChain follows the general sentiment in the market and has experienced some relief across low timeframes. The crypto market trended below the critical support zone during the weekend but saw it bounce during today's trading session.

VeChain is one of the largest blockchain networks today, with massive followership. The network launched in 2015 as a private consortium chain, later transiting to a public blockchain in 2017, launching its main net in 2018.

Vechain price analysis indicates that VET prices have corrected higher after closing yesterday's trading session on a bearish note. VET/USD prices managed to reclaim the $0.024 level and are currently trading at $0.0243.