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VeChain Goes Live on Top Korean Exchange as VET Ramps Up for Crucial Breakout


newslogical.com 29 March 2020 04:30, UTC
Reading time: ~2 m

VeChain, an enterprise and supply chain oriented blockchain technology, has just got the adoption of its native token VET bolstered as it got listed on a top Korean crypto exchange platform.

In the early hours of the day, VeChain Foundation declared that its crypto, VET, would be going live on the Upbit crypto exchange platform. At the same time, VET is also making inroads on the upside in terms of added value in the market today.

Upbit in a release noted that VET will be added to its BTC market. The crypto exchange lets users deposit the token on its platform with a minimum of 5 VET.

$VET is now listed on Korean cryptocurrency Upbit! Furthermore, $VTHO will also be distributed weekly to $VET holders on Upbit. Thank you for the support and welcome to all our new Korean community members!
Read more: https://t.co/kXsiN5u6AA

— VeChain Foundation (@vechainofficial) March 27, 2020

In relation to the listing, VeChain Foundation stated that holders of VET token on Upbit exchange would be given $VTHO on a weekly basis.

VeChain (VET) Intraday Price Analysis

Among the top 50 crypto assets in the market today, VeChain is the second-highest gainer after Maker. VeChain’s VET has upped its value by over 8% in the last 24 hours, and the cryptocurrency looks to be targeting another resistance point as it continues to trend relentlessly on the upside.

VeChain, the 36th largest cryptocurrency, is priced $0.003313 at press time with 8.88% added value.

Having maintained stability between $0.0030 and $0.0031 in the last few hours, VET cryptocurrency spiked to $0.0034 at the mid hours of the Asian trading session today. However, VET witnessed a slight pullback that made it retrace its steps to $0.0033, but at present, its fractal seems to be indicating a reversal toward the north for a possible breakout.

If VeChain tries to maintain stability on the upside trend for the next few hours, a break above $0.0036 resistance could be achieved. Else, VET would have to move down but will likely not exceed the $0.0030 psychological support.

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