Deep Dive
1. Stargate Staking Program (Bullish Impact)
Overview: The StarGate staking initiative, launched July 1, allocated 5.48B VTHO (~$15M) to reward participants, locking over $140M in VET. Over 144K new wallets joined since its debut.
What this means: Reduced circulating supply and increased network participation create upward pressure. Stakers earn VTHO rewards, aligning with VeChain’s upgraded tokenomics designed to lower inflation and enhance scarcity.
2. Cross-Chain Expansion (Bullish Impact)
Overview: The July 10 integration with Wanchain enabled VET to bridge with Bitcoin, Ethereum, and Solana, unlocking access to $116B+ DeFi TVL across 40+ chains.
What this means: Improved interoperability attracts developers and liquidity, positioning VeChain as a hub for enterprise-focused DeFi. The partnership aligns with VeChain’s “Renaissance” roadmap to boost real-world adoption.
3. Technical Rebound (Mixed Impact)
Overview: VET broke above its 30-day SMA ($0.02449) and pivot point ($0.0235), with RSI (45.87) signaling room for growth. However, MACD remains negative (-0.000137), reflecting lingering caution.
What this means: The price is testing resistance at $0.02566 (July highs). A sustained close above this level could target $0.02722, while failure risks a retest of $0.02381 support.
Conclusion
VeChain’s 24h gain reflects a blend of staking-driven supply reduction, strategic cross-chain growth, and technical recovery within a neutral market. While bullish catalysts dominate, traders should watch for confirmation above $0.02566.
Key watch: Can VET hold above its 30-day SMA ($0.02449) amid fluctuating altcoin liquidity?