Crypto is full of fancy projects, many of which have no use-case in the real world. Many are just riding the blockchain wave, making money off the euphoria. Slowly, these projects are beginning to crumble, and many will eventually disappear from the market. However, for investors that bet on the right projects, they will without a doubt reap massive benefits in the future. One project that is grounded on solid ground and stands a good chance of value growth is Vechain (VET). Everything about Vechain points to a platform that is practical and real. Let’s dwell deeper on Vechain and why it could be a hidden gem.
- It has a practical use-case
Have you ever looked at a crypto’s website, and you leave without an idea of what problem they are trying to solve? Well, a good portion of cryptos today fall in this category. They are nothing but a compilation of buzzwords that add no real value in practice. Vechain is definitely not one of them. All the problems that Vechain is solving are real. For instance, the luxury goods industry is in need of Vechain. That’s because counterfeits take a huge portion of their revenues.
Consumers in this industry also always end up shortchanged, by getting sold knockoffs that are passed-off as the real thing. With Vechain (VET) it is easy for a consumer to check the authenticity of the product they are buying. In essence, Vechain solves the problem of revenues for luxury goods makers, and that of quality for consumers. That’s a real solution to a real problem and doesn’t need any complicated buzzwords to explain.
- It is gaining in adoption
Having a solution to a problem is not enough, it has to be accepted as well. On this front, Vechain scores big. It has gained in adoption through partnerships with different industries including mobility, tobacco, and luxury good industries. Just recently, Vechain bagged a major partnership with one of the world’s largest insurers, and more partnerships are in the pipeline. This goes to show that businesses are appreciative of the power of Vechain to make their operations more efficient. This is a plus and anchors the value of the Vechain blockchain in the market, both now, and in the future.
- It has a great team behind it
The success of a cryptocurrency or any other venture for that matter lies in the quality of the team behind it. If the team has a strong vision and knows how to execute on it, then success is inevitable. Vechain without a doubt has a great team behind it. They have met every project milestone they have set, and pushed through with some major adoptions. This goes to show that they are serious with their work on the project, and will see it all through to success.
Going by the above, Vechain (VET) is without a doubt a gem, one that will surge in value in the future.