Is VeChain a good long term bet in a portfolio
ambcrypto.comOver the past few weeks, VeChain has tirelessly worked its way up on the ranking charts. It quite seamlessly managed to defy the broader market trend and created local peaks on its price chart until 9 November, 2021.
Post that, the network underwent a hardfork on 16 November, and community members expected this factor to further rub positively on the alt’s price. Nevertheless, the coin succumbed to the broader bearish pressure and begun its southbound journey right after.
In the past week alone, VET has shed close to 15% of its value and has been oscillating in the $0.12 to $0.16 range since.
Providing real-world utility is arguably VeChain’s strong suit. As such, the VeChain network uses Distributed Ledger Technology and Internet of Things to
Read more on ambcrypto.com
