Token

VeChain

Coin

<ul class="news-points">
 <li>VeChain’s recent upgrade to VeBetterDAO is driving a slight recovery despite market correction.</li>
 <li>VET faces strong resistance at $0.024, with potential declines to $0.018 and $0.015 if bearish trends continue.</li>
 <li>Technical indicators suggest possible bullish momentum for VET towards $0.036.</li>
</ul>
Amid the ongoing crypto market correction, VeChain (VET) is attempting a modest recovery from its intraday low of $0.02039. However, VET faces significant resistance at $0.024, hindering a decisive break higher.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdLLBed2iPbQLyrA2EJRtStGB5MAjF_0L91XrgcAEW57M1f9nCBIwdp_VovISaVT7PEs4TXK8yTi2C2Bl05QnurZ_2ybv3X1XLH-3n_YMmtWB7JMVOdYy-rrgwp_frarExMAe9jzqEioIuG45jV3w_qDiFE?key=EtbdzSGeWPCteSQlQ7NNbQ" alt="">
</figure>
Source: <a href="https://coinmarketcap.com/currencies/vechain/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
As of press time, the price of VET stands at $0.02287, reflecting a slight drop of 1.19% from the previous day. This downturn has impacted VET’s market capitalization, pushing it down to $1.857 billion. Nevertheless, the 24-hour trading volume for VET has shown a positive trend, increasing by 21.46% to $76.597 million.
<h2 class="wp-block-heading" id="h-vechain-s-upgrade-with-vebetterdao">VeChain’s Upgrade with VeBetterDAO</h2>
The modest uptick in VET’s price can be traced back to VeChain’s pivotal upgrade, marked by the VeBetterDAO mainnet launch on June 28. This major update bolsters VeChain’s ecosystem by introducing innovative governance frameworks and reward systems.
<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">
 The day has come – VeBetterDAO …
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/vechain-vet-token-experiences-slight-recovery-amid-market-correction/" rel="noopener noreferrer nofollow">VeChain (VET) Token Experiences Slight Recovery Amid Market Correction</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

VeChain (VET) Token Experiences Slight Recovery Amid Market Correction

Table of Contents

Coin Edition

Other articles published on Jul 6, 2024

Tron network defies odds amid persistent market downturn

Grayscale Reveals Ethereum ETF Listing Can Lure 25% US Voters To ETH Investing

Base Mafia, a memecoin project, is set to launch its ICO in Q3 2024

MoonBag's Scalability Sets a Trend, Igniting Kangamoon and Cardano with Envy

Satoshi-Era Bitcoin Wallet Shows 7,634% Bitcoin Profit, Awakening After 10.6 Years

What MATIC’s exclusion from a Grayscale fund might mean for its price

Join our free newsletter for daily crypto updates!