Leading cryptocurrency exchange Bitget recently announced the listing of VeChain (VET) on its trading platform, effective May 21, 2024, at 11:00 AM UTC.
This news has generated excitement within the VeChain community, particularly on social media platform X. The listing coincides with a $37,750 promotional campaign designed to incentivize trading and celebrate VET’s arrival on Bitget.
VET Trading and Withdrawals
VET will be integrated into Bitget’s Innovation, Depin, and Public Chain Zone, allowing users to participate in VET/USDT spot trading. Deposit functionality for VET became available earlier, while withdrawals will be enabled starting on May 22, 2024, at 12:00 PM UTC.
Celebrating with CandyBomb and VET X Giveaway
To commemorate this listing, Bitget is launching two distinct promotional activities. The first, dubbed “CandyBomb,” is a week-long campaign running from May 22nd to May 29th, 2024 (both at 11:00 AM UTC).
During this period, users can compete for a share of a $25,000 reward pool divided into two categories: a VET deposit pool and a VET new user trading pool (each worth $12,500). Specific participation requirements, likely involving VET deposits and trading activities, will be announced by Bitget.
The second promotion, the “VET X Giveaway,” runs slightly longer than the CandyBomb campaign. Starting on May 20th and concluding on May 30th, 2024 (both at 11:00 AM UTC), users can enter for a chance to win a share of $10,500 in VET tokens.
Full details regarding participation criteria, such as following Bitget and VeChain on X, depositing and trading VET on Bitget, and completing a registration form, are outlined in the official Bitget announcement. A total of 850 lucky winners will be randomly chosen to each receive $15 worth of VET.
Analyst Predictions for VET’s Future
The Bitget listing comes during a wave of optimism surrounding VeChain’s price potential. Crypto market analyst Ali Martinez predicts an upcoming price surge for VET, with a possibility of reaching $0.60 per token. This prediction is based on the identification of fractal patterns on VET’s 1-month chart, which have historically preceded significant price increases.
Similar historical patterns were observed in Q4 of 2018, ultimately leading to a price increase sustained over 19 months. Despite a recent price decline – VET is currently trading around $0.036, dropping by over 30% from its 2024 peak.
Although, analysts like Martinez remain confident in VET’s bullish prospects. The upcoming Bitget listing, coupled with the promotional campaign, could potentially contribute to a renewed surge in trading activity and investor interest in the VeChain ecosystem.
⚠️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.
