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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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

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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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 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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VeChain Gains Groundbreaking U.S. Patent: NanoJClean’s Key Security Management System Could Revolutionize Digital Asset Security
In an era where digital asset security is a paramount concern, VeChain has made a significant stride by securing a groundbreaking U.S. patent for NanoJClean’s Key Security Management System. This innovation holds the potential to revolutionize how digital assets are protected, offering a new level of security that could redefine the industry’s standards.
The Significance of VeChain’s Patent
VeChain, known for its robust blockchain solutions, has consistently been at the forefront of innovation. The recent U.S. patent granted to NanoJClean’s Key Security Management System is a testament to VeChain’s commitment to advancing blockchain technology. This patent is not just a win for VeChain but for the broader digital asset community, as it addresses one of the most critical challenges in the digital age—security.
What is NanoJClean’s Key Security Management System?
NanoJClean’s Key Security Management System is an advanced security protocol designed to safeguard digital assets by offering a multi-layered approach to key management. In the world of blockchain and cryptocurrencies, private keys are the gateways to digital assets. The security of these keys is paramount, as any breach could lead to significant financial losses. NanoJClean’s system introduces a novel method of managing these keys, incorporating cutting-edge encryption and decentralization techniques to ensure that they are nearly impossible to compromise.
How It Could Revolutionize Digital Asset Security
Traditional key management systems often rely on centralized methods that, while secure, still pose risks of being targeted by cyberattacks. NanoJClean’s approach decentralizes the key management process, making it far more resistant to such threats. By distributing the key management across multiple nodes and incorporating advanced encryption, the system ensures that even if one node is compromised, the overall security remains intact.
This level of security is crucial in the context of digital assets, where the stakes are incredibly high. Whether it's cryptocurrencies, NFTs, or other forms of digital value, the need for robust security cannot be overstated. VeChain’s patented system could become the new gold standard for digital asset protection, offering peace of mind to investors and users alike.
Implications for the Blockchain Industry
The implications of this patent are far-reaching. For one, it could encourage other blockchain companies to invest more in security innovations, leading to a more secure digital ecosystem overall. Furthermore, the adoption of NanoJClean’s system could also enhance the appeal of digital assets to a broader audience, particularly those who have been hesitant to invest due to security concerns.
Additionally, this patent strengthens VeChain’s position as a leader in blockchain technology. With this innovation, VeChain is not only enhancing its own platform but also contributing to the overall security infrastructure of the blockchain industry.
Conclusion
VeChain’s acquisition of the U.S. patent for NanoJClean’s Key Security Management System marks a significant milestone in the evolution of digital asset security. This breakthrough has the potential to set new standards in the industry, offering a level of protection that could encourage broader adoption of digital assets. As the digital economy continues to grow, innovations like these will be critical in ensuring that the future of digital assets is secure, accessible, and trustworthy.
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