2021 is the year when cryptocurrency has gone booming again. One of them is Vechain. The Vechain project started in 2007 and is one of the oldest projects. This year, the Vechain cryptocurrency price prediction will be more accessible to many companies.
What is Vechain?
Vechain is a blockchain-based solution with the aim of solving industrial problems. This project provides services to various industries such as luxury goods, automotive, logistics and retail.
Is Vechain a Good Investment?
Before you decide to buy Vechain, it’s a good idea to know the pros and cons of Vechain. There are many factors that can affect cryptocurrency so that they affect Vechain. Vechain can be a good investment because:
- Partnerships with Large Companies
Vechain has partnerships with world-renowned organizations. this allows Vechain to create and provide solutions to problems in the real world.
- Already verified
After successfully developing projects in the industrial world, Vechain is believed to be able to develop other industries. Vechain offers a variety of verified platforms.
- Having an Experienced Team
Being the oldest blockchain project, of course the Vechain team is very experienced in providing solutions to problems in the real world.
- Have a Foundation
The Vechain Foundation is one of the agencies responsible for developing the R&D network.
Vechain has offices around the world and has a network in Korea, England, Germany.
That is the advantage if you invest in Vechain in 2021. But there are also downsides to investing in Vechain. The drawbacks are:
- Lots of Competition
The cryptocurrency market is vicious competition. Vechain faces strong competition from various projects. So you need to be careful to invest your money in Vechain.
- There are still improvements and updates
Vechain issues Vechain Thor for payment. However, for Vechain life is very dependent on the development of Vechain Thor which must be able to compete with other solutions.
Before you decide to invest in Vechain, you must know what opportunities and challenges Vechain will face. One side of Vechain has a lot of cooperation with companies in the real world. But the Vechain must also prove the success of the Thor Vechain.