New Era

VeChain

CRYPTO

Planet

Read

<ul>
 <li>VeChain’s VeBetterDAO rewards gave 160,000 B3TR tokens to 411 stakers, almost tripling their initial tokens.</li>
 <li>Analyst Egrag Crypto forecasts VET’s price to reach $1.5-$1.8, entering a powerful bullish wave 3.</li>
 <li>VET’s key support level is at $0.03, crucial for maintaining its bullish structure and future growth.</li>
</ul>
<p>VeChain has recently distributed the first round of voting <a href="https://cryptonewsland.com/vechain-launches-first-round-of-voting-on-vebetterdao-mainnet/" rel="noopener noreferrer nofollow">rewards for its VeBetterDAO</a>, distributing 160,000 B3TR tokens to 411 stakers who pooled a total of 63,500 B3TR tokens. This reward distribution has resulted in an almost threefold increase in tokens for participants this week.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/VeChain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VeChain</a> News <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/veDelegate?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@veDelegate</a> has distributed the first round of <a href="https://twitter.com/hashtag/VeBetterDAO?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VeBetterDAO</a> voting rewards, totaling 160,000 B3TR tokens to 411 stakers who pooled 63,500 B3TR! Participants nearly tripled their tokens on average this week! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b0.png" alt="💰" class="wp-smiley" style="height: 1em; max-height: 1em;"> Stake with them at <a href="https://t.co/WZxDRjvp2v" rel="noopener noreferrer nofollow">https://t.co/WZxDRjvp2v</a> <a href="https://t.co/dv1gQql9RP" rel="noopener noreferrer nofollow">pic.twitter.com/dv1gQql9RP</a></p>— Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1810535806546690365?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 9, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h4 class="wp-block-heading" id="h-reward-distribution-details"><strong>Reward Distribution Details</strong></h4>
<p>VeChain’s VeBetterDAO has successfully completed the first round of voting rewards. A total of 160,000 B3TR tokens were distributed to 411 stakers who contributed 63,500 B3TR tokens.</p>
<p>It means users got nearly three times the number of tokens they had staked back, which goes a really long way in making a case for participating in VeBetterDAO.</p>
<p>VeChain, remains quite strong, considering the broader crypto market is in a continuous fluctuation. Analyst <a href="https://x.com/egragcrypto" rel="noopener noreferrer nofollow">Egrag Crypto</a> has shared an optimistic analysis on platform X, forecasting a bullish wave for VET.</p>
<p>According to Egrag, VET is nearing the completion of corrective wave 2 and is preparing to enter wave 3, which is typically the most powerful phase in a 5-wave Elliott Wave sequence.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><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;"> <a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VET</a> <a href="https://twitter.com/hashtag/BULLRUN?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BULLRUN</a> in Progress! <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;"><br><br>Amidst the ongoing <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> saga, <a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VET</a> is holding strong! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4aa.png" alt="💪" class="wp-smiley" style="height: 1em; max-height: 1em;"> I believe we are nearing corrective wave 2⃣ and gearing up for wave 3⃣. Get ready for that epic <a href="https://twitter.com/hashtag/blowofftop?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#blowofftop</a> around $1.5-1.8! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f31f.png" alt="🌟" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/VeChain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VeChain</a> <a href="https://twitter.com/hashtag/VET?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#VET</a> will unlock ur financial chains. <a href="https://t.co/3qmPBv3BYI" rel="noopener noreferrer nofollow">pic.twitter.com/3qmPBv3BYI</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1810376063673053397?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 8, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h4 class="wp-block-heading"><strong>Price Projections and Market Sentiment</strong></h4>
<p>Egrag’s analysis suggests that the anticipated wave 3 could propel <a href="https://cryptonewsland.com/vechain-bullish-support-levels-await-retest/" rel="noopener noreferrer nofollow">VET’s price higher</a>, with potential targets ranging between $1.5 and $1.8. This projection is based on the Elliott Wave theory, which identifies patterns in market movements.&nbsp;</p>
<p>The current support level for VET is noted at $0.03, a critical threshold for maintaining the bullish structure. Holding above this support zone is crucial for advancing towards the projected targets.</p>
<p>The analysis highlights key support and resistance levels that are essential for sustaining VeChain’s bullish outlook. The $0.03 support level, marked in white on the analyst’s chart, is a vital area for VET. Maintaining this level is necessary for the asset to continue its upward trajectory towards the projected price targets.</p>
<h4 class="wp-block-heading"><strong>Market Overview and Future Expectations</strong></h4>
<p>VeChain’s performance amidst the current <a href="https://cryptonewsland.com/crypto-analyst-predicts-bitcoin-to-100k-and-ethereum-to-10k-despite-market-fluctuations/" rel="noopener noreferrer nofollow">market fluctuations</a> demonstrates its resilience and potential for future growth. The ongoing reward distribution through VeBetterDAO and the bullish wave projections by analysts contribute to a positive outlook for the asset.&nbsp;</p>
<p>As the market evolves, VeChain’s strategic initiatives and strong support levels may play a significant role in its continued growth and stability. VeChain’s recent reward distribution and the bullish predictions by analysts suggest a promising future for the asset.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/vebetterdao-and-b3tr-everything-vechain-fans-need-to-know/" rel="noopener noreferrer nofollow">VeBetterDAO and B3TR, Everything VeChain Fans Need To Know</a></li>
 <li><a href="https://cryptonewsland.com/vebetterdao-unveils-b3tr-and-vot3-tokenomics-a-new-era-of-sustainability/" rel="noopener noreferrer nofollow">VeBetterDAO Unveils B3TR and VOT3 Tokenomics: A New Era of Sustainability</a></li>
 <li><a href="https://cryptonewsland.com/vechain-adds-greencart-to-vebetterdao-to-reward-sustainable-shoppers-with-b3tr-tokens-for-commitment-to-planet/" rel="noopener noreferrer nofollow">VeChain Adds GreenCart to VeBetterDAO to Reward Sustainable Shoppers with B3TR Tokens for Commitment to Planet</a></li>
 <li><a href="https://cryptonewsland.com/vechains-grand-vebetterdao-reveal-sparks-bullish-sentiment/" rel="noopener noreferrer nofollow">VeChain’s Grand VeBetterDAO Reveal Sparks Bullish Sentiment</a></li>
 <li><a href="https://cryptonewsland.com/vebetterdao-launches-mainnet-enhancing-governance-and-participation-vet-pump-ahead/" rel="noopener noreferrer nofollow">VeBetterDAO Launches Mainnet Enhancing Governance and Participation, VET Pump Ahead?</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/vechain-distributes-voting-rewards-analyst-predicts/" rel="noopener noreferrer nofollow">VeChain Distributes Voting Rewards, Analyst Predicts Bullish Wave</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

VeChain Distributes Voting Rewards, Analyst Predicts Bullish Wave

Crypto News Land

发布于 2024年7月9日的其他文章

What Can Traders Look Forward To As the Market Slowly Revive?

Dubai Customs Launches Blockchain for Supply Chain

PayPal’s PYUSD Stablecoin Surpasses $500 million in Supply

Transform $600 into Millions with BlockDAG’s Cutting-Edge Technology Driven by $57.6M Presale; Up...

Crypto News Today: Bitcoin Rebound is Coming! Key Levels to Watch

Bitfarms Appoints New CEO Amid Ongoing Tussle with Riot Platforms

订阅我们免费的电子期刊，获取每日最新加密领域动态！