VeChain (VET) ranks first among cryptocurrencies below its value in the market, according to a new survey. VET enthroned Hedera Hashgraph and Ravencoin with an overwhelming majority at a time when the price continued to chase the $ 0.1 milestone.
The survey was conducted on Twitter by Real Vision, a New York-based broadcast media and financial research firm. Real Vision started by asking its 221,000 followers to submit the names of the cryptocurrency projects they believe they see below their value.
VeChain was by far the most popular coin. Other tokens that collected important submissions were Ravencoin (RVN) and Hedera Hashgraph (HBAR).
The poll received 140,341 votes. In the end, VeChain was the winner, collecting two-thirds of the votes. Ravencoin was the closest token with 30.6%, and Hedera Hashgraph was the least popular at 3.6%.
VeChain keeps rising
Despite winning the survey of the lowest value cryptocurrency, VeChain has the highest market cap of the three tokens. It currently ranks 21st, just below TRON, with a market value of $ 5.8 billion. The token was traded at $ 0.09, up 5.9% last week. Its all-time high is $ 0.0992, which it recorded on March 22nd. VeChain is pursuing a challenging $ 0.1 milestone that will increase its market value to $ 6.4 billion.
VeChain’s price has greatly benefited from the ongoing efforts of the VeChain Foundation, which continues to partner with various corporate firms. The latest is with Ubitquity, a blockchain company as a service that will build their solution on VeChainThor. As CNF reported, Ubitquity is trying to use VeChain’s blockchain to power the global title industry.
The foundation has also partnered with Chinese-French cosmetics firm Yizhiji, aluminum giant Hydro, and US vape company Puff Bar.
VeChain CEO Sunny Lu announced two weeks ago that her firm was also trying to target decarbonization. VeChain partnered with DNV and automotive industry giant BYD to create a proof-of-concept based on blockchain technology.
In the latest news, a VeChain developer announced that the Sync2 lite version now supports Ledger, the leading hardware wallet maker in the cryptocurrency market. Sync 2 is VeChain’s recently released wallet application that opens the blockchain to broader dApp integration.
The developer, known simply as Libotony, added a screenshot of Sync 2’s integration with Ledger in his tweet. VeChain has not officially announced the integration yet, despite retweeting the developer’s tweet.