VeChain News and Price Overview: VeChainThor Wallet Migration and Token Swap. Friday, July 27
Important VeChain News
VeChainThor Wallet Migration and Token Swap
In order to improve their project, the developers decided to create an improved wallet and swap the current VEN tokens for VET. The official announcement says: "The world has entered the mobile computing age. Our goals and intentions are to adopt the go mobile strategy facilitating the mobile computing age in the ways that we knew our clients were accustomed. The VeChainThor Wallet will be the portal to all kinds of dapps on the VeChainThor Blockchain. This wallet will be chock full of features, services, and opportunities that the word wallet may even be limiting."
VeChain prepared an "Early Bird X Node Rewards" for users and token holders who decide to apply to the addresses entire VET balance. The deadline for X Node Binding is set for the 10th of August.
The cryptocurrency exchange trading VEN tokens — Binance, has announced that they successfully conducted the swap: "All prior VEN balances have been removed and all VEN trading pairs have been delisted from the exchange. Based on the VEN/VET distribution ratio, the opening price for VET will be one hundredth of the last traded VEN price. The exact prices are listed below:
VEN Price Analysis
The rest of the cryptocurrency market experience a slight correction after a week of positive price changes and upwards movement, top coins like Bitcoin, Litecoin, Ethereum or EOS score even up to -7% in last 24 hours. Bitcoin fell from $8267 to $7899 in a matter of hours. On the other hand, VeChain seems to be doing pretty well with a +24.91% in last 24 hours. It's trading volume also increased and exceeded $10,000,000.
The token made a slow and rather stable run to the $2 mark, increasing cent by cent each day, when out of a sudden it jumped from $2.05 to $2.67 in a matter of hours. It then had its ups and downs with a very fluctuative times for the market. It fell to $2.26 what for many seemed like the end of positive price movements, however it was only a pitstop for an even more impressive upwards run. It is currently trading at $2.50 and is still heading up. It's more likely due to the successfully Binance swap and the news of VeChain mainnet launch.
VEN/USD Price Chart, Friday July 27th:
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