VeChain (VET) is enjoying an extended bullish run with the coin making huge gains in recent days. Vechain in the last 24 hours has hit a new all-time high of $0.147 and shows little signs of slowing down. this latest gains could be due to its latest partnership with leading software company Salesforce.
Major Partnership for VeChain
A previous report suggested that the rise in VET prices this year will be largely stimulated by the introduction of supply chain tracking technology. A few days ago the team announced a collaboration with the software company Salesforce in a tweet.
This partnership appears to have had a remarked effect on the growth of VET with the coin up by almost 15% in the past 24 hours according to data from CoinMarketCap.
Partnerships a crucial reason for Vechain growth
Real partnerships and integration with various booming industries is the best form of review for blockchain projects aiming for the best long-term sustainability and wide adoption. As brand awareness increases, they can trigger rallies that can trigger long-term price hikes. Various partnerships and adoption rates have been driving VET since February, according to Cointelegraph’s report.
The platform tries to optimize the supply chain management system with the help of distributed governance and IoT technologies. The same online publication noted above also indicated that information from Cointelegraph Markets and TradingView indicated that the price of VET had increased more than 400% in the past two months.
The entire crypto market looks great today, and Bitcoin topping $60,000 again. ETH is also a star in the crypto market, and at the time of writing the price of digital assets tops $2,178