VeChain

Rally

2024

Security

<p>During the recent upswing in the cryptocurrency market, altcoins, including VeChain, have experienced significant gains. The <a href="https://coingape.com/price/vechain-vet/" target="_blank" rel="noopener">VeChain (VET) price</a> has surged by an impressive 25% over the past 24 hours, nearing the $0.050 mark, accompanied by a remarkable 600% increase in trading volumes, totaling close to $900 million. This surge in price has propelled VeChain (VET) to extend its weekly gains to over 60%.</p> 
<h3 id="vechain-vet-price-gearing-for-a-13x-rally">VeChain (VET) Price Gearing For A 13x Rally</h3> 
<p>The VeChain (VET) price trend exhibits a significant surge in the daily chart with six consecutive bullish engulfing candles. Additionally, a bullish reversal is observed, marked by a rounding bottom breakout with a neckline at $0.040, reinforcing the <a href="https://coingape.com/markets/bitcoin-tops-52000-but-why-are-these-5-altcoins-to-buy-soaring-even-higher/" target="_blank" rel="noopener">uptrend</a>. With the VeChain token price briefly reaching $0.050 due to increased demand, traders on the sidelines anticipate a breakout.</p> 
<figure id="attachment_180695" aria-describedby="caption-attachment-180695" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-180695" src="https://coingape.com/wp-content/uploads/2024/02/VeChain-Price-Breakout.png" alt="" width="1024" height="464" srcset="https://coingape.com/wp-content/uploads/2024/02/VeChain-Price-Breakout.png 1024w, https://coingape.com/wp-content/uploads/2024/02/VeChain-Price-Breakout-300x136.png 300w, https://coingape.com/wp-content/uploads/2024/02/VeChain-Price-Breakout-768x348.png 768w, https://coingape.com/wp-content/uploads/2024/02/VeChain-Price-Breakout-150x68.png 150w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption id="caption-attachment-180695" class="wp-caption-text">
  Courtesy: <a rel="nofollow" href="https://coinpedia.org/price-analysis/vet-price-rallies-70-this-month-will-it-reach-the-10-cents-mark/" target="_blank">Coinpedia</a>
 </figcaption>
</figure> 
<p>Popular crypto analyst Ali Martinez has forecasted significant potential for VeChain in the coming weeks! According to Martinez, historical patterns indicate a promising outlook for VeChain’s price performance in the near future. Martinez anticipates a substantial move for $VET, with the possibility of reaching $0.054 within the current week.</p> 
<p>Following this, a brief correction phase is projected until June, setting the stage for a robust bull run that could propel VeChain’s value to $0.70 by November. This means that the analyst is predicting a 13x price rally for VET from the current levels.</p> 
<figure id="attachment_180696" aria-describedby="caption-attachment-180696" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-180696" src="https://coingape.com/wp-content/uploads/2024/02/VeChain-VET-Price.jpeg" alt="" width="2232" height="1452" srcset="https://coingape.com/wp-content/uploads/2024/02/VeChain-VET-Price.jpeg 2232w, https://coingape.com/wp-content/uploads/2024/02/VeChain-VET-Price-300x195.jpeg 300w, https://coingape.com/wp-content/uploads/2024/02/VeChain-VET-Price-1224x796.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/02/VeChain-VET-Price-768x500.jpeg 768w, https://coingape.com/wp-content/uploads/2024/02/VeChain-VET-Price-1536x999.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/02/VeChain-VET-Price-2048x1332.jpeg 2048w, https://coingape.com/wp-content/uploads/2024/02/VeChain-VET-Price-150x98.jpeg 150w" sizes="(max-width: 2232px) 100vw, 2232px">
 <figcaption id="caption-attachment-180696" class="wp-caption-text">
  Courtesy: <a rel="nofollow" href="https://twitter.com/ali_charts/status/1757722426828280221" target="_blank">Ali Charts</a>
 </figcaption>
</figure> 
<h3 id="key-developments-in-ecosystem">Key Developments in Ecosystem</h3> 
<p>VeChain’s implementation of Account Abstraction (AA) marks a significant milestone, offering enhanced interoperability and introducing programmable smart contract wallets. This advancement not only streamlines blockchain interactions but also elevates user experience and security standards.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Account Abstraction (AA) is now live, opening up a whole new world for <a href="https://twitter.com/hashtag/VeChain?src=hash&amp;ref_src=twsrc%5Etfw">#VeChain</a>.</p> 
 <p>Not only does AA make interoperability seamless, but it also unlocks programmable smart contract wallets for a better user experience and improved security.</p> 
 <p>Here’s what it means for <a href="https://twitter.com/search?q=%24VET&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$VET</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447-1f3fc.png" alt="👇🏼" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/SecJ6OwnGu">pic.twitter.com/SecJ6OwnGu</a></p> 
 <p>— vechain (@vechainofficial) <a href="https://twitter.com/vechainofficial/status/1757766850501353740?ref_src=twsrc%5Etfw">February 14, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Account abstraction revolutionizes the concept of blockchain accounts by enabling programmability through smart contract wallets. Departing from traditional externally owned accounts (EOAs), which necessitate manual management through public-private key pairs, AA introduces a more flexible and secure approach.</p> 
<p>Smart contract wallets facilitated by AA simplify blockchain interactions, enhancing user experience and reducing vulnerabilities inherent in EOAs. Security features like a multisig authorization, account recovery methods, and transaction whitelists further bolster the integrity of the system.</p> 
<p>The post <a href="https://coingape.com/vechain-vet-price-jumps-25-breakout-above-this-level-can-lead-to-13x-rally/">VeChain (VET) Price Surges 25%, Breakout Above This Level Can Lead to 13x Rally</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

VeChain (VET) Price Surges 25%, Breakout Above This Level Can Lead to 13x Rally

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