VeChain has had a hectic week, with events like the upcoming MWC2024 in Spain and the renewed partnership between Renji Hospital and DNV. As a result, its native token, VET, has experienced an 11% surge in the past 24 hours, reaching a trading price of $0.038297.
VET has capitalized on the ongoing rally, making a significant impact in the broader market with a remarkable 11% surge in just 24 hours. This surge has contributed to a weekly increase of 33%, with VET now trading at $0.038297.
Analysts attribute the upward trend of VET to the ripple effects of the ongoing Bitcoin price action. However, the rate of growth is also influenced by the upcoming Mobile World Congress (MWC2024) scheduled to take place from February 26 to February 29. VeChain has announced that its CEO, Sunny Lu, will be speaking at the event, alongside Nobel Laureate Sir Konstantin. While the topic of Lu’s speech remains unknown, crypto commentator Marcel Knobloch, also known as Collin Brown, anticipates discussions on supply chain, tracking, or potentially unexpected subjects.
The congress has generated significant excitement within the VeChain community due to the presence of renowned brands and an estimated attendance of 90,000 people. The event typically attracts prominent figures, decision-makers, and innovators from various telecommunication fields.
As a result, some community members anticipate the possibility of VeChain forming partnerships with one of the potential brands present at the congress in the near future.
The price movement of VET has also been influenced by the recent announcement of the renewed partnership between VeChain, Renji Hospital, and DNV GL. In 2020, VeChain collaborated with Renji Hospital to launch the world’s first blockchain-powered Intelligent Tumor Treatment Center. The partnership aimed to create a transparent, efficient, and traceable medical management solution, empowering patients to have control over their medical records.
Additionally, VeChain has been highlighted in an article titled “MWC: Driving Collective Action on Sustainability With the Power of Web3” as a crucial element for achieving the 17 Sustainable Development Goals (SDGs) established by the UN in 2015 to promote global peace and prosperity.
Blockchain technology is renowned for its ability to facilitate seamless, trustless, and transparent information-sharing. The report reveals that approximately 90% of Fortune 100 companies are currently exploring blockchain solutions. The author suggests that while enterprises play a vital role in the sustainability challenge, blockchain technology could be the missing puzzle piece.
Blockchain has the potential to make sustainability a rewarding endeavor by helping businesses meet their obligations, supporting individuals across supply chains, and influencing consumer behavior positively. With the participation of 8 billion people worldwide, blockchain can facilitate meaningful and productive change, steering the global economy towards a sustainable future.
It is worth noting that VeChain’s use cases directly and indirectly contribute to sustainability, positioning it for potential integration by more companies and positively impacting its price.
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