Token

VeChain

2024

<p>The post <a href="https://coinpedia.org/news/heres-why-vechain-vet-token-is-rising-today-up-by-35/">Here’s Why VeChain (VET) Token Is Rising Today, &amp; Up By 35%</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>VeChain (VET) has experienced an impressive surge of nearly 35% within the last 24 hours, making it the <a href="https://markets.coinpedia.org/vechain/">highest gainer</a> among the top 100 cryptocurrencies by market capitalization. The VET token has reached intraday highs of $0.049 and boasts a remarkable 65% gain for the week.</p> 
<h2 class="wp-block-heading" id="h-vechain-remarkable-spike">VeChain Remarkable Spike</h2> 
<p>Simultaneously with this surge, there is a substantial increase in trading volume, witnessing a surge of 473% to over half a billion dollars ($560 million) or 12.5 billion VET traded in the last 24 hours. This surge in both price and volume suggests renewed interest and activity in the VeChain ecosystem.</p> 
<p>Moreover, the recent positive sentiment across the cryptocurrency market, marked by Bitcoin <a href="https://coinpedia.org/news/bitcoin-price-poised-to-rally-10-12x-in-this-crypto-bull-run-says-crypto-analyst/">crossing $52,000</a> for the first time since December 2021, has likely played a role in VeChain’s remarkable rally.</p> 
<h2 class="wp-block-heading" id="h-account-abstraction-live-on-vechain">Account Abstraction Live on VeChain</h2> 
<p>Additionally, the VeChain network achieving a major milestone with the implementation of Account Abstraction (AA) has contributed to the positive atmosphere surrounding the blockchain.</p> 
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   <p lang="en" dir="ltr">Account Abstraction (AA) is now live, opening up a whole new world for <a href="https://twitter.com/hashtag/VeChain?src=hash&amp;ref_src=twsrc%5Etfw">#VeChain</a>.<br><br>Not only does AA make interoperability seamless, but it also unlocks programmable smart contract wallets for a better user experience and improved security.<br><br>Here’s what it means for <a href="https://twitter.com/search?q=%24VET&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$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>— vechain (@vechainofficial) <a href="https://twitter.com/vechainofficial/status/1757766850501353740?ref_src=twsrc%5Etfw">February 14, 2024</a>
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<p>With the live deployment of Account Abstraction on the VeChain network enhances interoperability and introduces programmable smart contract wallets, promising a better user experience and improved security. This development has significantly impacted the perception of VeChain in the market.</p> 
<h2 class="wp-block-heading" id="h-announcement-of-upcoming-event">Announcement of Upcoming Event</h2> 
<p>The anticipation surrounding VeChain has further intensified with its announcement of a major milestone to be revealed at the MWC 2024 Event in Barcelona. </p> 
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   <p lang="en" dir="ltr">VeChain is joining the global tech community later this month, embarking on a tech-driven campaign to drive a sustainable future at <a href="https://twitter.com/hashtag/MWC2024?src=hash&amp;ref_src=twsrc%5Etfw">#MWC2024</a>.<a href="https://t.co/g1vjVbWuTD">https://t.co/g1vjVbWuTD</a></p>— vechain (@vechainofficial) <a href="https://twitter.com/vechainofficial/status/1757872516826042857?ref_src=twsrc%5Etfw">February 14, 2024</a>
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<p>While details remain undisclosed, the protocol aims to lead the way in sustainability, solidifying its position in the broader tech landscape.&nbsp;Perhaps, the protocol has secured crucial partnerships, including one with the global consulting giant BCG.</p> 
<h2 class="wp-block-heading" id="h-crypto-analyst-predicts-bull-run">Crypto Analyst Predicts Bull Run</h2> 
<p>However, a renowned Crypto analyst Ali has foreseen an interesting week ahead for VeChain. He predicts a potential increase to $0.054, a small correction until June, and then a strong upward trend targeting $0.70 by November.</p> 
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   <p lang="en" dir="ltr">It feels like it will be a big week for <a href="https://twitter.com/hashtag/VeChain?src=hash&amp;ref_src=twsrc%5Etfw">#VeChain</a>! If history repeats itself, <a href="https://twitter.com/search?q=%24VET&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$VET</a> could be looking at a move to $0.054 this week, a brief correction until June, and then a bull run to $0.70 by November! <a href="https://t.co/wTdPW34NNH">pic.twitter.com/wTdPW34NNH</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1757722426828280221?ref_src=twsrc%5Etfw">February 14, 2024</a>
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<p>While challenges lie ahead, VeChain’s strong fundamentals suggest the potential for a substantial breakout beyond its recent 65% gain in the last seven days.</p>

Here’s Why VeChain (VET) Token Is Rising Today, & Up By 35%

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