VeChain Reaches New ATH of $8.02 with News of Partnerships
VeChain (VEN) has rebounded strongly from last week’s cryptocurrency market slump, roughly doubling in price from last week’s low of about US$4 to a new all-time-high of US$8.02, according to CoinMarketCap.
The rise comes following a series of partnership announcements from VeChain.
Last week it revealed a partnership with Fanghuwang to help push its upcoming VeChain Thor incarnation, and make a shift from its initial core focus of supply chain management towards financial services. The momentum continued this week with VeChain’s announcement of advisory support from Breyer Capital.
“Breyer Capital has agreed to support VeChain through an official advisory role,” said founder Jim Breyer. “I am most interested in VeChain’s top-percentile crypto team. Additionally, I’ve found VeChain’s enterprise partnerships and deep relationships with PwC and DNV GL to be compelling. I’m here to learn with and support VeChain as they press on towards their main net release and continue to develop valuable partnerships. I look forward to working with a coalition of top-tier individuals within the VeChain ecosystem.”
VeChain is also making headlines by creating the first accredited cryptocurrency disaster recovery plan, approved by and developed with the help of PwC. Source
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