Token

Momentum

Gains

<ul class="news-points">
 <li>VET has broken out of a falling channel with eight consecutive bullish candles.</li>
 <li>The altcoin is currently retesting previous resistance levels as support.&nbsp;</li>
 <li>Notable upgrades to the VeBetterDAO and a rewards program might push VET higher.</li>
</ul>
VET, the native token of VeChain, an enterprise-grade L1 smart contract platform launched in 2015, is expanding its decentralized application offerings through its new platform, VeBetterDAO. The decentralized autonomous organization (DAO) boasts new features designed to onboard the next billion users to the Web3 space.
According to a technical analysis of <a href="https://x.com/CryptoYapper/status/1817937626047103287" target="_blank" rel="noopener noreferrer nofollow">VET’s price action posted</a> on X (formerly Twitter) by “Crypto Yapper,” the altcoin broke out of a falling channel in mid-July with eight consecutive green daily candles, demonstrating impressive performance. As per the analysis, a pullback can be seen because VET is currently retesting the previous resistance as support.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcUO5VBKsKtR70YhcGQlNBeN-zz1GxfAi99qJS8rr4R_LptABEeBoB5Q6kREzycAcrGK3haajtRxHOj2e0lvryXMIlddabHxauRb5SeWMu8btXZTeMldY5G98l27kiaP5NKnTr0dl3WUN3mzoW1PPPi96Y?key=ZwF-TxB3HrSP4frMkgv4lQ" alt="">
</figure>
It is important to note that the community plays a major role in the governance of VeBetterDAO, which targets NGOs, enterprises, and individuals interested in entering the tokenization industry. However, the protocol’s scope has expanded beyond governanc…
The post <a href="https://coinedition.com/vechains-vet-token-gains-momentum-as-new-dao-and-features-launch/" rel="noopener noreferrer nofollow">VeChain’s VET Token Gains Momentum as New DAO and Features Launch</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

VeChain’s VET Token Gains Momentum as New DAO and Features Launch

Coin Edition

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