The performance of a cryptocurrency depends on many factors occurring in any combination. Volatility is constant, which is the main factor that affects where a token moves on the graph. Sentiment towards Vechain is much the same, except that analysts are optimistic about it, predicting a surge in the coming months.
The native token, VET, was found trading at $0.02938, up 0.99% over the last 24 hours. What’s even more optimistic is that the increase is spread over 7 days, at 2.15%. The cryptocurrency is dancing around $0.0290 to ensure that seats are comfortably tagged as a support level.
Crypto ZX – YouTuber believes in VET price surge.
Another factor that can work in VET’s favor is the number of partnerships or developments within the ecosystem. All of them have been well-received in the industry due to their two fundamental pillars: sustainability and scalability. In addition to the stated factors, market sentiment is buoyant following the approval of the Spot Bitcoin ETF.
YouTuber Crypto ZX covers industry updates and informs cryptocurrency enthusiasts. We have over 37,800 subscribers and over 2,100 videos covered.
They believe a surge into new ATHs is inevitable. Most are based on a consolidation trend where the $0.03 figure forms a new range. A rise to $0.04425 would maintain the current resistance level and pave the way for a higher rise. While the most recent decline reflects continued volatility, a ~17.26% retracement is on the table with the potential for a surge to a new ATH, Crypto ZX added.
They also warned the community that this was just speculation. very optimistic About the future of Vechain-VET
Crypto ZX’s previous predictions were primarily based on Solana’s SOL. He guessed that SOL would surprise the market, and it did. To repeat myself, this is ultimately just speculation.
What will 2024 hold for Vechain (VET)?
Predicting 2024 for VET or any other crypto token is guessing when the bay will put parents to sleep. This means that anything can happen and the market can cry about a crash at any time. Keeping a happy face is the upcoming Bitcoin halving and its potential ramifications for other cryptocurrencies.
Among them, the one worth paying attention to is VORJ. This allows users to create NFTs and fungible tokens without any knowledge of coding. It sounds attractive because it actually is. The guide is jargon-free, so users don’t need to familiarize themselves with jargon.
Users can browse the platform through any device as long as they have an internet connection. VORJ’s account creation and user registration is general and self-explanatory, followed by the FT and NFT creation aspects. Assuming Pumping up the user base, the ecosystem and demand for VET and networks will expand. Fueling the token can happen naturally and VET will rise until December 31, 2024. VET price prediction The cryptocurrency is expected to end 2024 at $0.063, which could be possible if VORJ is successful.
Latest news from Vechain developer team
Scalability will be at the core of everything the Vechain developer team does. Greater emphasis is placed on smoother interoperability with VeChain Thor and upgraded user security/account recovery options. The use of blockchain in Web2 is increasing day by day. This is reflected in social login for decentralized applications, or dApps.
NFTs are starting to have native smart contract wallets to provide more opportunities for builders. Vechain acknowledged and approved this announcement from the developer team and thanked them for their hard work.
Another latest news is about the VeChain dApp Kit. It is built to provide dApp developers with a state-of-the-art front-end library to access a simplified development process on the VeChainThor blockchain. The platform also comes with simplified wallet management as well as easy responsive integration and improved user interface components. On top of that, it has multi-language support and open NPM packages.
Among them, deploying account abstraction and token binding account smart contracts on testnet and mainnet continues to attract attention.
conclusion
Vechain’s future prospects are optimistic. VET is ready to set new resistance milestones and face new ATHs. Optimistic sentiments support speculation that all this could happen by the end of 2024. In a positive environment, the growth and adoption of Vechain will have potential implications for traders and investors.