VeChain - An Altcoin That May Be Worth Looking Into

Some info about VeChain for those of you who've never heard of it:

VeChain, the world’s leading blockchain-enabled product management platform, revolutionizes how products travel through the supply chain. Using blockchain technology, VeChain makes it simple and secure for product manufacturers to collect, manage and share important product data with vendors and consumers throughout the lifecycle of a product.

VeChain coinmarketcap: VeChain (VEN) price, charts, market cap, and other metrics | CoinMarketCap
Price right now: $0.259308 / 0.00005892 BTC - UP (62.78%) Invest with care.
Website: VeChain

Recently I've been seeing a lot of $VEN on my twitter feed. A lot of tweeters who I believe are ahead of the curb when it comes to crypto are saying that VeChain is the next big thing. So far, here is what I've gathered about this crypto

-It is a supply chain management and tracking solution that uses blockchain for data keeping and transparency

-It will be used to combat counterfeit goods

-It will be used to register car ownership

-It's team consists of people from eBay, HP, Luis Vitton

-Companies like BMW, PwC, and Renault are possibly partnering with them

-They will be burning half the circulating supply (about 131 million tokens) sometime soon (I think I heard next week), which might be what's triggering it's recent rise in price.

Right now it is at an all-time high, however, so maybe hold off on buying this very instant.

Personal Investment:
In my opinion it will be easy to make a fast x3 on this one. I might hold longer though.
Bought 40204 coins at 0.19$

Hope that some of you may find this thread useful,
Thanks for reading.

 

Mind explaining your reasoning?