The numbers from the VeChain you see in the above screen shot are not normal numbers and are much higher than normal. This was taken this morning and those numbers have not slowed down.
This screen shot is 1945 blocks later and the numbers are still pumping. I checked back to the end of September last year and this time of the year is generally quiet. The Walmart orders would have bee processed last month already so this is a new client or some type of adoption we ae seeing taking place. The burn mechanism was adjusted 2 days ago and the VeChain team obviously new this was coming.
I have been holding off investing any more into VET and VTHO thinking we were still 12 months away before we would see any big changes. My investment strategy is to complete one target at a time before moving onto the next. Currently I am 75% of the way with COTI and have another I would guess 8-12 months before that is completed.
My VET target is only 20% done so there is so much more to be done here and even though I would like to add to this bag I need to stick to the plan. I a not an investor who has loads of different investments and the bags I have are big bags. More of less than less of more is how I think because if an investment is going to make you wealthy having a big bag would be smart. There is no machine gun spraying hoping something sticks and this is more a calculated approach.
I mentioned the other day the VeChain needs to achieve a 200K VTHO burn daily every day to show a growth and today they are on track for 500K. The number of clauses is through the roof with an average of 23 transactions making up one transaction. The blockchain needs to grow 72 x from todays numbers to achieve the daily burn of 36 million VTHO and this could be a turning point moving towards achieving those numbers.
I will check back in the next 2 weeks to see how and what has changed again and whether I need to change tact on my investment strategy or believe there is still time next year to worry about this investment. I am hoping on the later next year option and not now.
