VeChain News And Price Analysis: Google trends shows increased "VeChain" searches. Wednesday, August 15
Important VeChain News
VeChain Chosen for the NTT Docomo 5G Partner Program
In a recent blog post, VeChain Foundation announced that the project has been chosen by NTT Docomo, which is the largest telecommunication company in Japan, to be one of the first partner for the 5G Open Partner Program. 5G is a high-speed/capacity network service which NTT Docomo aims to materialize its industrial usage in 2020.
"Our goal is to enhance and enrich our current data services capacity within traceability, supply chain management, and smartphones for our users. With our ongoing effort to bring traceability use cases in Japan into our ecosystem, the 5G program will bring additional value to VeChain's presence in the region."
Google trends shows increased "VeChain" searches
One of the reddit users from the VeChain community noticed increased amount of Google searches for the project related topics. August 13th brought a significant increase, which means that during the whole cryptocurrency market falling down, the investors and traders may be looking for some alternatives or potentially good investments for the future. There comes also the fact that VeChain completed recently their token swap phase, which can also affect project's popularity.
The community responds very enthusiastically, saying things like: "Up 26% today. The European whales have awoken.", "I don't usually get excited for these sorts of stats, but willing to latch onto anything at this point!" or consider the graph and google stats useful "Thanks for sharing. It's another piece of data people can use when trying to decide if now is the time to load up."
VET Price Analysis
This week any price analysis of altcoins won't be too detailed as almost all of them are simply falling due to the whole cryptocurrency market heading downwards, with bitcoin leading the way. There hasn't been any negative news that could directly affect VET token and its price, yet it has fallen from $0.0129 to $0.00626, which is almost twice less. August 14th brought the lowest price for the token. Now, VET seems to be recovering slowly, as it is currently trading for slightly above $0.008 mark and seems to be heading up. This recovery is also powered by BTC price movement, as it is also going slightly up.
VET/USD Price Chart, Wednesday August 15th:
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