VeChain (VET) has been mentioned in an academic study that explores the potential of blockchain technology in the medicinal plant supply chain. The study highlights VeChain's role in improving supply chain traceability and verifying the authenticity of products through the use of smart contracts and the HerBChain platform. VeChain has also secured a US patent and seen an 11% surge in its native token, VET. An analyst predicts that VET could reach $1 and potentially even $1.6 based on its current price action and Elliott Wave structure.



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