VeChain

2024

DeFi

Notable

<p>The post <a href="https://coinpedia.org/news/vet-price-eyes-100-spike-soon-fueled-by-notable-adoption-of-vechain-products/">VET Price Eyes 100% Spike Soon Fueled by Notable Adoption of VeChain Products</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<ul> 
 <li><strong>VeChain (VET) price has confirmed a bullish trend through higher highs and higher lows.</strong></li> 
</ul> 
<ul> 
 <li><strong>The VeChain network has several products to help streamline the global supply chain for all enterprises.</strong></li> 
</ul> 
<ul> 
 <li><strong>The latest VeChain product is geared towards real-world assets (RWA) tokenization.</strong></li> 
</ul> 
<p>VeChain (VET), a veteran layer one (L1) blockchain geared towards the democratization of smart contracts through environmentally friendly solutions, has enjoyed robust ecosystem growth to guarantee bullish performance. The mid-cap altcoin, with a fully diluted valuation of $3.8 billion and a daily average trading volume of around $124 million, has rallied around 12 percent in the past seven days.</p> 
<p>As a result, it is safe to assume VET price is gearing up for a fresh bullish uptrend in the near term after forming a reversal weekly pattern. Moreover, the slowdown on Bitcoin’s bullish outlook is expected to yield a fresh altseason before the pre-halving rally happens.</p> 
<h2 class="wp-block-heading" id="h-why-bet-on-vechain-vet">Why Bet on VeChain (VET)</h2> 
<p>The VeChain ecosystem has grown into a vibrant web3 ecosystem. Some of the notable DeFi platforms leveraging the VeChain network include APEWorld, vet.domains, VTHO Exchange, Vechain Rewards, Empty Wallet, Fiat On-Ramp, Mugshot, Cleanify, SQUAD VeChain, and VeBetterDAO, among many others.&nbsp;</p> 
<p>However, the VeChain network is focused on dominating the management of global supply chains. Consequently, the VeChain network has attracted notable enterprises to leverage its technology.&nbsp;</p> 
<p>Some of the notable enterprises leveraging the VeChain network include BMW, Walmart China, Groupe Renault, AT&amp;T, T-Mobile, and LVMH, among others.</p> 
<p>The VeChain team has launched several products including VORJ, a no-code smart contract platform. The latest product dubbed Marketplace-as-a-Service (MaaS) is marketed as a no-code digital asset tokenization platform.&nbsp;</p> 
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   <p lang="en" dir="ltr">We're excited to announce our new digital asset tokenization platform – MaaS – is now live with it's first enterprise user – MotoGP champions; Gresini Racing!<br><br>MaaS' launch is timely as we look ahead and build tools to onboard a rapidly tokenizing world, with projections of $16… <a href="https://t.co/iN5yT1VKC3">pic.twitter.com/iN5yT1VKC3</a></p>— vechain (@vechainofficial) <a href="https://twitter.com/vechainofficial/status/1772952730488709271?ref_src=twsrc%5Etfw">March 27, 2024</a>
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<h2 class="wp-block-heading" id="h-midterm-price-expectations-nbsp">Midterm Price Expectations&nbsp;</h2> 
<p>Since rebounding from the bear market lows late last year, VET price has formed a rising trend, characterized by higher highs and higher lows. Having invalidated the macro bear market pressures, the VET price is undeniably aiming to retest an all-time high (ATH) soon.&nbsp;</p> 
<p>From a technical standpoint, the next major liquidity zone for VET price is between $0.064 and $0.088, which also coincides with the 1.618 and 2.618 weekly Fibonacci Extension.</p>

VET Price Eyes 100% Spike Soon Fueled by Notable Adoption of VeChain Products

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