As Bitcoin has floated between $6,000 and $6,500 last week, a few altcoins have made some large leaps and bounds.
VeChain (VET) has increased by 64% over the last week. The digital asset built momentum as an increasing number of exchanges, which include Singapore-based Huobi, completed VeChain’s token transfer, switching from VeChain’s old ERC20 tokens onto the platform’s new proprietary blockchain.
Im a tweet it seems that China is making plans to use VeChain as a way to enhance medical standards and vaccine safety. The VeChain Foundation tweeted:
“In combination with DNV GL, we introduce our Drug and Vaccine Traceability Solution. It will be deployed in Shanghai, serving 30 million individuals, and will soon be rolled out across China. It will be showcased at the China International Import Expo.”
Ontology (ONT), Shanghai-based company, saw an incredible rise of 70% in the last week.
As an enterprise-level blockchain, their goal is to offer high volume and fast and inexpensive transactions, and will has its official mainnet launch in Tokyo on Saturday, August 25th.
Responding to a question on Twitter, Ontology announced the release of its official desktop wallet, OWallet.
Nano (NANO) also saw a jump of 60% over the past seven days. The altcoin was recently listed on the Bitcoin Superstore, a platform that allows users to spend the cryptocurrency at a staggering 200,000 retail outlets. Bitcoin Superstore tweeted:
“ Yesterday, Bitcoin Superstore started accepting #Nano.
Today, we want to say thank you to the team who made this happen…
So, thank you @Brain_blocks and @Schenkty for developing such an amazing product!
BrainBlocks made accepting $NANO too easy! @Nano”
Nano, during a community testing on the coin’s speed, reached 756 transactions per second, as the platform prepares to launch version 15 of its software, which will offer a variety of new features and improvements.