Founded in 2015 and launched in 2016, VeChain is definitely not a new kid on the blockchain. A logistics and supply chain enterprise solution, it has one of the strongest use case repertoires in the current IOT system.
Its dual-token model of VeChain (VET) and VeThor (VTHO) aims at keeping transaction fees low which makes it attractive to companies and although not as decentralized as most other cryptocurrencies, this actually offers an increased level of accountability due to its more centralized authority. Procuring partnership after partnership such as a recent one with Salesforce - an American customer relationship management company based in San Francisco, VeChain is a definite standout in the altcoin space.
Currently and grossly undervalued, it has been hovering at around the 0.20 USD range for the last couple of weeks. This, an extreme departure from its all time high of well over 9 USD and yet still one of the top 10 performing crypto assets of 2021 boasting over an 800% price growth. Is it time for a Coinbase listing for this mammoth of a project? I certainly think so.
The rumor mill has been churning fruitless chatter of a Coinbase listing for years now. But, recently Coinbase released a list of altcoins it is currently reviewing and lo and behold VeChain is one of them! A move like this would definitely allow newer cryptocurrency investors access to VeCain since Coinbase tends to be an easy fiat on-ramp for newly minted crypto enthusiasts - it certainly was for me.