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<ul>
 <li>VeChain unveils that its blockchain uses 0.04% energy compared to other blockchains.</li>
 <li>The blockchain remains true to its title of green and sustainable blockchain power.</li>
 <li>Amidst this reveal crypto analysts make bullish price predictions for native token VET.</li>
</ul>
<p><a href="https://www.vechain.org/" target="_blank" rel="noopener noreferrer nofollow">VeChain</a> proudly shares its energy consumption rate as compared to other blockchains. To put it in figures, VeChain consumes only 0.04% of energy compared to other blockchains, truly giving the network its title of sustainable and green blockchain.</p>
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   <p lang="en" dir="ltr">Did you know that VechainThor's annual energy consumption is equivalent to driving one gasoline-powered car for a year? It's much more efficient than the majority of other blockchains.<br><br>We built a fast and secure platform, primed for the digital-sustainability revolution. <a href="https://t.co/OqfZHEuA6K" rel="noopener noreferrer nofollow">pic.twitter.com/OqfZHEuA6K</a></p>— vechain (@vechainofficial) <a href="https://twitter.com/vechainofficial/status/1790834928369701264?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 15, 2024</a>
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<p>As explained above, VeChain mentions that this energy consumption made by VeChainThos’s annual energy consumption is equal to that of driving one gasoline-powered car for a year. Truly a magnificent feat for blockchain sustainability.</p>
<p>This makes VeChain a most-efficient blockchain compared to its competitors in the sector. Paired with this, VeChain’s network is secure and fast. Thus, the project is primed for the digital-sustainability revolution.</p>
<p>Amid this incredible reveal, VET holders are all excited to see this success reflect on the VeChain native token (VET). When will VET beat its <a href="https://coinmarketcap.com/currencies/vechain/" target="_blank" rel="noopener noreferrer nofollow">old ATH of $0.277</a>, and when it does, as many analysts believe, how high will the value of VET go?</p>
<p>One popular crypto analyst, Egrag Crypto, shares his analysis on where the price of VET will go this bull cycle. In particular, he believes that the <a href="https://cryptonewsland.com/vet-prints-possible-500-price-boom-as-vechain-answers-aching-question-of-why-2-new-tokens-with-vebetterdao/" target="_blank" rel="noopener noreferrer nofollow">VET price has the potential to soar</a> by 2 or 3 times its previously set ATH of $0.277.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VET</a>: Blue or Green Pump Alert!<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f535.png" alt="🔵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e2.png" alt="🟢" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VET</a> has the potential to soar 2 or 3 times from its previous all-time high of 0.277. <br><br>Let's crunch the numbers: <br>A) 0.277 X 2 = 0.554c <br>B) 0.277 X 3 = 0.831c<br><br>But wait, there's more! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> I'm leaning towards the belief that <a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VET</a> will surge to… <a href="https://t.co/mjLJJ6czGl" rel="noopener noreferrer nofollow">pic.twitter.com/mjLJJ6czGl</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1791375164598317101?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 17, 2024</a>
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<p>If this is true, then the price of VET this cycle top could go to $0.554 or $0.831. Having said that, Egrag Crypto says he expects VET will surge to Fibonacci levels between 1.414 and 1.618. He ends his discussion saying VET can unlock one’s financial chains.</p>
<p>Responses to the tweet are even more bullish than the prediction made. For instance, one believes that VET price has the potential to go to $1.6 while another thinks <a href="https://cryptonewsland.com/vechain-vet-set-for-massive-price-rally-20-trillion-market-v3tr-trademark-filing/" target="_blank" rel="noopener noreferrer nofollow">VET cycle top price could hit $2.4</a> or even $3.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/vets-bullish-future-anticipating-a-surge-past-0-0943-in-2024/" rel="noopener noreferrer nofollow">VET’s Bullish Future: Anticipating a Surge Past $0.0943 in 2024</a></li>
 <li><a href="https://cryptonewsland.com/ethereums-energy-consumption-drops-to-record-low-levels/" rel="noopener noreferrer nofollow">Ethereum’s Energy Consumption Drops to Record Low Levels</a></li>
 <li><a href="https://cryptonewsland.com/analyst-predicts-8424-price-spike-for-vechain-vet-to-1-6/" rel="noopener noreferrer nofollow">Analyst Predicts 8,424% Price Spike for VeChain (VET) to $1.6</a></li>
 <li><a href="https://cryptonewsland.com/when-will-vechains-vet-token-surpass-the-0-0993-milestone-in-2024/" rel="noopener noreferrer nofollow">When Will VeChain’s VET Token Surpass the $0.0993 Milestone in 2024?</a></li>
 <li><a href="https://cryptonewsland.com/2024-vechain-price-forecast-vet-to-break-through-0-1032/" rel="noopener noreferrer nofollow">2024 VeChain Price Forecast: VET to Break Through $0.1032</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/bullish-vet-price-predictions-emerge-as-vechain-energy-consumption-of-0-04-revealed-will-vet-hit-3-this-cycle/" rel="noopener noreferrer nofollow">Bullish VET Price Predictions Emerge as VeChain Energy Consumption of 0.04% Revealed, Will VET Hit $3 This Cycle?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bullish VET Price Predictions Emerge as VeChain Energy Consumption of 0.04% Revealed, Will VET Hit $3 This Cycle?

Crypto News Land

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