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<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>
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   <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>
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<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">
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  <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>
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<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

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