Salesforce has sent VeChain surging to a new all-time high of $0.149577 Over just the last week, VET spiked 58.3% in a move being partly thanks to Salesforce.
Salesforce is a leading enterprise cloud platform utilized by millions of users. As such, a critical issue Salesforce has been facing is mutual trust in data sharing. As of now, there is no cost-effective way to verify the quality and integrity of data shared by third parties.
For this reason, Salesforce recently successfully tested VeChain’s traceability solutions platform, VeChainThor. Speaking on the successful test run, Salesforce Director of Strategy and Architecture, Daniel Nortje noted,
In fact, since the news broke VET price has been on an unstoppable rise. Chart analysis reveals that VET price has formed a distinct cup and handle pattern which is a bullish signal. Other technical indicators like the Fibonacci retracement levels are positive, meaning that VET could still go higher.
In addition, VET community’s tendency to buy the dip has given much-needed support. This has spurred the token to quickly rebound and ride the bull run. Notably, analysts are predicting that VET could soon reach $0.50.
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Source: Cryptocurrency - investing.com
