Our analysis of prices, news and movements in the crypto world continues: today we focus on VeChain (VET), Kadena (KDA) and The Winkyverse (WNK).
Three projects with totally different functions, but united by the desire to open the world of crypto, blockchain and web3 to greater horizons.
VeChain (VET), Kadena (KDA) and The Winkyverse (WNK) price analysis and statistics
It is not a good time for VeChain, which has performed negatively in the last month, losing 11% of its value. Currently, its purchase price is 0.0210 USD.
As for the market statistics, based on the market capitalization, VeChain has a market value of 1.5 billion USD, while the recorded daily trading volume is 57.3 million USD.
The outstanding supply is very large with 72.5 billion VET.
The performance of Kadena (KDA), which lost about 8% of its value in the last month, bringing the price of its token to 0.91 USD, cannot be called positive either.
As for market statistics, Kadena’s market capitalization is at USD 213.3 million, with a 24-hour trading volume of USD 4.3 million.
Meanwhile, Kadena’s outstanding offer is 230.6 million KDA.
We cannot say anything positive about the performance of The Winkyverse, which has lost about 15% of its value in the last 30 days, bringing its price to 0.000759 USD.
In terms of market statistics, The Winkyverse is still in a growth phase; its capitalization is $3.6 million. Its volume (24 hours) is 85,379, with an outstanding supply of 4.8 billion WNK tokens.
Let us now turn to the latest news that will most likely affect the price of the projects in the coming weeks.
VeChain Becomes Silver Member of GS1 US Solution Partner Program
VeChain, an enterprise-grade blockchain platform, has been at the forefront of advancing the adoption of blockchain for real-world use cases and applications.
The platform has partnered with industry leaders and participated in key initiatives to promote the benefits of blockchain technology.
In a recent development, VeChain became a Silver Member of the GS1 U.S. Solution Partner Program, a prestigious consortium of member organizations that serve as trusted strategic partners to companies seeking to optimize their supply chain operations.
More than 2 million companies worldwide rely on GS1 standards to manage their supply chains efficiently.
The GS1 US Solution Partner Program offers a range of services, including hardware and software solutions, business intelligence, and database applications.
Program partners also help community members implement GS1 standards quickly and effectively, ensuring they realize the full potential of the standards.
VeChain’s membership in the GS1 US Solution Partner Program marks a significant milestone for the platform as it demonstrates its commitment to advancing the adoption of blockchain technology in supply chain management.
The partnership enables VeChain to leverage GS1 standards to develop innovative blockchain solutions that improve supply chain visibility, security and efficiency.
VeChain’s blockchain-based supply chain solutions have already achieved significant adoption in several industries, including food and beverage, luxury goods and automotive.
By joining the GS1 US Solution Partner Program, VeChain can now expand its reach and offer its solutions to a wider range of companies to help them optimize their supply chain operations.
In addition to its partnership with GS1 US, VeChain has been working with other industry leaders to advance the adoption of blockchain technology.
For example, the platform has partnered with DNV, a global quality assurance and risk management company, to develop blockchain-based solutions for supply chain management and product traceability.
VeChain’s partnership with DNV has already yielded significant results: the two companies have developed blockchain-based solutions that enable companies to track the origin and path of their products, from raw materials to finished goods.
The solutions also provide real-time tracking of products during transportation and storage, ensuring quality standards and regulatory compliance.
Kadena Launches $100 Million Grant Program to Encourage Web3 Development
Kadena, a blockchain proof-of-work (PoW) platform, has launched a $100 million grant program aimed at promoting the development of Web3 on its network.
The program, known as Kadena Eco Grants, is an extension of the Kadena Eco initiative, which aims to foster the growth of the Kadena ecosystem through the development of gaming, metaverse, non-fungible token (NFT), decentralized finance (DeFi) and Web3 projects.
The Kadena Eco Grants program offers developers the opportunity to apply for funding to build on top of the Kadena platform, potentially opening the door to more use cases for the layer-1 protocol.
With $100 million in grants available, the program aims to support innovative and promising Web3 projects while encouraging developers to explore the unique capabilities of the Kadena network.
Kadena is a blockchain PoW platform that offers high scalability and low transaction fees, making it an attractive option for developers looking to build decentralized applications (dApps) that require fast and low-cost transactions.
The platform’s unique design enables interoperability with other blockchains, including Ethereum, expanding the range of potential use cases for the network.
Kadena Eco Grants is an essential component of the Kadena ecosystem, providing developers with the resources they need to create new and innovative dApps that can leverage the platform’s unique features.
Kadena’s grant program is part of a broader trend in the blockchain industry, where companies are increasingly investing in grants and other forms of support to encourage the development of new and innovative blockchain-based applications.
By supporting developers and providing them with the resources they need to create new projects, Kadena hopes to attract more users to its platform while encouraging innovation in the Web3 space.