The VeChain ecosystem has seen the addition of two new tokens, B3TR and VOT3, amid the launch of a new platform.

Read more on: https://thecryptobasic.com/2024/02/28/vechain-launches-two-new-tokens-alongside-sustainability-platform-vebetterdao/
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VeChain's recent unveiling of its new platform, Marketplace-as-a-Service (MaaS), is set to disrupt the market with its innovative features and ease of use. As a trusted provider of blockchain solutions for enterprises, VeChain has focused on simplifying the process of creating and managing digital asset marketplaces. This is particularly beneficial for businesses and non-technical users who may have struggled with the complexities of blockchain technology in the past.
The timing of this announcement is significant, as VeChain has also welcomed its first enterprise client, Gresini Racing, a prominent MotoGP racing team. This partnership demonstrates the platform's versatility and ability to cater to clients from various industries.
VeChain's game-changing announcement signifies their commitment to revolutionizing the blockchain space by delivering practical solutions that are accessible to all. With MaaS, VeChain is poised to make a lasting impact, driving growth and innovation across industries with their streamlined approach to digital asset marketplaces. #HotTrands #VeChainInnovations $VET

A View from Analyst EGRAG In the dynamic world of cryptocurrency, VeChain (VET) emerges as a significant contender with its eyes set on a notable price surge. Analyst EGRAG, renowned for precise market predictions, recently tweeted a detailed analysis of VET’s potential trajectory, suggesting a feasible target of $1.6.
This ambitious yet achievable goal considers the crypto asset’s previous highs and market behaviors, indicating a promising future for VET investors “EGRAG CRYPTO”​​.

VET’s previous record high of $0.27, achieved after a significant rally, sets the stage for a potential 6X increase to hit the $1.6 mark. The analysis delves into VeChain’s historical price movements, specifically focusing on what EGRAG terms as ‘Move B.’
This trajectory, previously observed, hints at a possible replication leading to the ambitious $1.6 target or aligning with the Fibonacci 1.618 level. The projection also considers a potential ‘Move A’ scenario, suggesting a rise to around $0.90, a threefold increase from the previous all-time high, paving the way for an estimated 50X to 100X climb from its lowest point​​.
VeChain’s Historical Price Movements: A Guiding Light
EGRAG’s recent analysis builds upon an April post, spotlighting a specific price pattern dubbed ‘Move B.’ Notably, this move was evident when VeChain surged from a low of $0.00143 in March 2020 to a record high of around $0.27 in April 2021. This pattern follows a similar surge, ‘Move A,’ observed between 2018 and 2019. EGRAG suggests that VET might first emulate ‘Move A,’ potentially elevating the token’s value to the $0.90 region.
This would signify a threefold increase from its previous peak, setting the stage for the next climb towards the $1.6 milestone. The $1.6 target not only aligns with the Fibonacci level of 1.618 but also demands VET to break through multiple resistance levels, including the pivotal points at $0.6074 (Fib. 1.272) and $0.91, before aiming for the final goal​​.
VeChain’s Current Market Performance and Future Outlook
As of the reporting time, VeChain trades at $0.03668, necessitating a 636% surge to revisit its all-time high of $0.27. The journey to $1.6 is laden with critical resistance levels, with $0.27 acting as the first major threshold, corresponding to Fib. 1. Surpassing this would lead to the subsequent resistance at $0.6074 and eventually the $0.91 mark, which aligns with the anticipated peak of ‘Move A.’
The recent market performance of VeChain underscores a bullish trend, with the asset recording a 72% rise since late November, demonstrating a positive sentiment in the crypto community and reinforcing the potential for its envisioned ascent​​.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
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VeChain, a leading enterprise blockchain protocol, has just unveiled an update to its Node Rewards platform, introducing a marketplace for node transactions.
Read more on: https://thecryptobasic.com/2023/12/12/vechain-launches-marketplace-to-buy-and-sell-nodes/
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With a bearish trend in motion, the contracting trend in Vechain (VET) forms a falling wedge. Will this wedge boost the next recovery run?

Read more on: https://thecryptobasic.com/2024/09/06/vechain-struggles-at-0-20-can-network-growth-propel-a-recovery-to-0-24/
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VeChain users will soon be able to hold and transfer VET using Tangem Wallet.
Read more on: https://thecryptobasic.com/2023/12/15/popular-tangem-wallet-to-integrate-vechain-vet/
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