👀 Can VeChain's VeBetterDAO End VET Price Crash?
VeChain releases new features for VeBetterDAO asset tokenisation protocol allowing developers to launch new apps, but VET price struggles to find direction.
The cryptocurrency market is struggling to grasp stability after Ethereum ETFs launched amid immense liquidity. VET price like majors Bitcoin, ETH, and Solana faces multiple trend-determining factors including supply, demand, and a potential trend reversal.
On the other hand, traders seem unsettled while scheming for potential entries, considering VeChain price correction from its Q1 peak of $0.055. A modest 0.06% increase in the futures market open interest may not be enough to turn the tables around for VET.
However, considering the ongoing developments in the ecosystem, VET might finally find a major price catalyst.
🔸 A Look Into VeChain’s VeBetterDAO Protocol
VeChain’s development team launched the groundbreaking VeBetterDAO; a decentralized app marketplace designed to support sustainable assets through tokenization.
The products target NGOs, enterprises, and individuals who wish to tokenize their sustainable actions. VeBetterDAO functions on a DAO principle implying that governance is in the hands of the community which holds 100% of the power.
However, VeBetterDAO is much bigger than tokenization and governance, especially with the protocol’s newly launched developer-centered features such as adding new apps, and a testnet environment.
The reward system allows users interacting with applications on VeBetterDAO to earn B3TR tokens. Using sustainable apps, voting on governance proposals, and contributing to community discussions will see users increase their B3TR earnings.
