VeChain

2024

AI Crypto

<div class="insidebitcoins">
 The VeChain price has surged 32% in the last 24 hours to trade at $0.04826 as of 00:16 a.m. EST on trading volume that climbed 551% to $891 million.
 VeChain’s price surge is driven by the community’s excitement over an upcoming major announcement with the network expected to reveal plans to leverage blockchain technology to boost sustainability efforts.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 At the event in Barcelona 🇪🇸 , we'll share a major announcement about how we intend to build Better with blockchain technology. $VET
 — vechain (@vechainofficial) February 14, 2024
 </blockquote>
 
 Such a bold move underscores the ability blockchain technology has to drive positive change and incentivize sustainable practices.
 <h2 id="span-style-font-weight-400-the-vechain-price-bulls-sustain-the-bullish-stance-span">The VeChain Price Bulls Sustain The Bullish Stance</h2>
 <figure id="attachment_481157" aria-describedby="caption-attachment-481157" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-481157" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201281%20555'%3E%3C/svg%3E" alt="VeChain Price Chart Analysis Source: Tradingview.com" width="1281" height="555" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/02/16/f43d34b12388834abf7a122acfb7a596.webp 1281w, https://cdn.thebittimes.com/images/2024/02/16/f43d34b12388834abf7a122acfb7a596.webp 300w, https://cdn.thebittimes.com/images/2024/02/16/f43d34b12388834abf7a122acfb7a596.webp 1024w, https://cdn.thebittimes.com/images/2024/02/16/f43d34b12388834abf7a122acfb7a596.webp 768w" data-lazy-sizes="(max-width: 1281px) 100vw, 1281px" data-lazy-src="https://cdn.thebittimes.com/images/2024/02/16/f43d34b12388834abf7a122acfb7a596.webp">
 <noscript><img decoding="async" class="size-full wp-image-481157" src="https://cdn.thebittimes.com/images/2024/02/16/f43d34b12388834abf7a122acfb7a596.webp" alt="VeChain Price Chart Analysis Source: Tradingview.com" width="1281" height="555" srcset="https://cdn.thebittimes.com/images/2024/02/16/f43d34b12388834abf7a122acfb7a596.webp 1281w, https://cdn.thebittimes.com/images/2024/02/16/f43d34b12388834abf7a122acfb7a596.webp 300w, https://cdn.thebittimes.com/images/2024/02/16/f43d34b12388834abf7a122acfb7a596.webp 1024w, https://cdn.thebittimes.com/images/2024/02/16/f43d34b12388834abf7a122acfb7a596.webp 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 </noscript>
 <figcaption id="caption-attachment-481157" class="wp-caption-text">
 VETUSD Chart Analysis Source: Tradingview.com
 </figcaption>
 </figure>
 VeChain bulls have capitalized on the golden cross at $0.028, seizing control of the market after a period of consolidation and driving the VET price higher with sustained bullish momentum. However, the bulls have experienced resistance at $0.050, allowing a slight retrace to the current price of $0.04826.
 The VET price has touched the upper boundary of the bullish pennant, suggesting a potential for further increases. Trading above both the 50-day and 200-day Simple Moving Averages (SMAs) indicates a bullish trend is likely. Additionally, the 50-day SMA crossing above the 200-day SMA to form a golden cross at $0.028 provides further evidence of an impending bull rally.
 The Relative Strength Index (RSI) is trading slightly below the 70-overbought zone at 66. If the bullish momentum is sustained, the RSI could cross over to the 70 threshold, signaling an incoming bull rally.
 <img decoding="async" class="alignnone size-full wp-image-481159" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201266%20260'%3E%3C/svg%3E" alt="VET MACDADX" width="1266" height="260" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/02/16/64d7b8bb559ce783b3ffcfdde0cf5041.webp 1266w, https://cdn.thebittimes.com/images/2024/02/16/64d7b8bb559ce783b3ffcfdde0cf5041.webp 300w, https://cdn.thebittimes.com/images/2024/02/16/64d7b8bb559ce783b3ffcfdde0cf5041.webp 1024w, https://cdn.thebittimes.com/images/2024/02/16/64d7b8bb559ce783b3ffcfdde0cf5041.webp 768w" data-lazy-sizes="(max-width: 1266px) 100vw, 1266px" data-lazy-src="https://cdn.thebittimes.com/images/2024/02/16/64d7b8bb559ce783b3ffcfdde0cf5041.webp">
 <noscript><img decoding="async" class="alignnone size-full wp-image-481159" src="https://cdn.thebittimes.com/images/2024/02/16/64d7b8bb559ce783b3ffcfdde0cf5041.webp" alt="VET MACDADX" width="1266" height="260" srcset="https://cdn.thebittimes.com/images/2024/02/16/64d7b8bb559ce783b3ffcfdde0cf5041.webp 1266w, https://cdn.thebittimes.com/images/2024/02/16/64d7b8bb559ce783b3ffcfdde0cf5041.webp 300w, https://cdn.thebittimes.com/images/2024/02/16/64d7b8bb559ce783b3ffcfdde0cf5041.webp 1024w, https://cdn.thebittimes.com/images/2024/02/16/64d7b8bb559ce783b3ffcfdde0cf5041.webp 768w" sizes="(max-width: 1266px) 100vw, 1266px">
 </noscript>
 Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is rebounding to trade slightly above the signal line (orange), indicating that it is time to buy, which could further drive the price up. The green bars are beginning to form on the upside, setting the tone for an incoming bull rally.
 The Average Directional Index (ADX) further supports the bullish trend, as it shows a very strong trend at 59.
 <h2 id="span-style-font-weight-400-vechain-price-prediction-span">VeChain Price Prediction</h2>
 The short-term technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of the current VeChain price reveals a bullish bias. This is supported by the formation of a bullish pennant, with the price trading along the upper boundary of the pennant. This could encourage the bulls to drive the price even higher, covering the same distance X on the chart, with the target being $0.055.
 Additionally, VET remains below its all-time high of $0.281, which could suggest a potential for further upward movement.
 If the bears take control of the price, it could go down to the support zone around $0.042 or further to $0.0402, coinciding with the 50-day SMA, which could act as a possible footing against downward pressure.
 Meanwhile, as the VeChain price rallies, analysts say investors should consider Meme Kombat, a new GameFi presale that some say has the potential to 100x on launch. 
 <h2 id="span-style-font-weight-400-meme-kombat-presale-closes-on-its-10-million-target-best-crypto-to-buy-now-span">Meme Kombat Presale Closes On Its $10 Million Target – Best Crypto To Buy Now?</h2>
 Meme Kombat (MK) is a new, innovative crypto project that is centered around AI generated meme-based battles and play-to-earn (P2E) <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a>. Well-known memes like Pepe and Doge engage in epic battles, bringing a playful approach and excitement into the crypto space.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 ⚔️ Meme Kombat Friendly ⚔️
 FINALS$SPONGE 🆚 $DOGE
 Vote for your winner below👇 pic.twitter.com/R5XVQUb0U8
 — Meme Kombat (@Meme_Kombat) February 8, 2024
 </blockquote>
 
 To participate in these epic battles, purchase $MK tokens to bet on your preferred characters. Choose a character you believe will win, and if they do, you’ll be rewarded.
 You can easily join the project by acquiring $MK tokens at a discounted price of $0.279. The price will remain at $0.279 per token until the team hits the hard cap target of $10 million. This makes now the best time to buy, as with $8.94 million raised already time is running out before it sells out.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We're pushing ever closer and closer to our goal of $10 million and we are HYPED to say the least🥳 Just passed $8.8m raised!
 Just under 1.2 million to go and we'll see $MK go ballistic🔥 pic.twitter.com/MN0K32BtiA
 — Meme Kombat (@Meme_Kombat) February 15, 2024
 </blockquote>
 
 <h2 id="span-style-font-weight-400-join-meme-kombat-stake-get-rewards-span">Join Meme Kombat, Stake, Get Rewards</h2>
 You have an opportunity to stake MK tokens and earn an impressive annual percentage yield (APY) of 106%. Stakers have already locked over 37 million staked MK tokens, with over 8.4 million rewards paid in $MK tokens.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We have paid out more than 8 million $MK in staking rewards🎉
 Meme Kombat is truly the place for you to earn in kombat. Well, you'll be doing the kombat part fairly soon🥊 pic.twitter.com/voYeTeV37N
 — Meme Kombat (@Meme_Kombat) February 13, 2024
 </blockquote>
 
 The team is also planning on launching Meme Kombat NFTs, set to bring utility to MK Season 2 with a unique fusion of art and functionality.
 Crypto analyst and YouTuber Jacob Bury believes that MK can explode post-launch with a possible 1000x pump.
 
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/Rcret55qXC0" data-id="Rcret55qXC0" data-query="start=8&amp;feature=oembed" data-alt="BEST MEMECOINS TO BUY NOW!!??! (1000X Potential Cryptos!!??)"></div>
 <noscript><iframe title="BEST MEMECOINS TO BUY NOW!!??! (1000X Potential Cryptos!!??)" width="640" height="360" src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/Rcret55qXC0?start=8&amp;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
 </noscript>
 
 To join the presale, visit the official Meme Kombat website, connect your Web 3 wallet, and exchange your ETH, USDT, or BNB for MK tokens.
 <h2 id="span-style-font-weight-400-related-news-span">Related News</h2>
 <ul>
 <li style="font-weight: 400;" aria-level="1">10+ Most Trending Cryptocurrency Projects to Buy In 2024</li>
 <li style="font-weight: 400;" aria-level="1">🚀🤖 Best AI Crypto Coin Projects: Top Picks for 2023 🤑💰</li>
 <li style="font-weight: 400;" aria-level="1">Upcoming Crypto Presales: Unlock Early Investment Opportunities! 🚀🌟</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/vechain-price-prediction-vet-surges-32-as-analysts-say-this-gamefi-gem-may-be-the-next-100x-opportunity-tbt80005.html">https://thebittimes.com/vechain-price-prediction-vet-surges-32-as-analysts-say-this-gamefi-gem-may-be-the-next-100x-opportunity-tbt80005.html</a>
</div>

VeChain Price Prediction: VET Surges 32% As Analysts Say This GameFi Gem May Be The Next 100X Opportunity

Table of Contents

TheBitTimes

Other articles published on Feb 16, 2024

Cardano (ADA) To Break $8 In Bull Run: Analyst Predicts Timeline

Icebox Domination Mastering the Map with Leading Initiators

What are Advisory Shares? How to Utilize Them in Crypto Space?

SkyBridge Capital Founder Predicts Bitcoin to Reach $170000 post Next Halving

New $0.01 Cryptocurrency Pandoshi Poised to Take Market Share from Dogecoin and Shiba Inu, Say An...

Fed Leaders Signal Cautious Approach to Interest Rate Reductions

Join our free newsletter for daily crypto updates!