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VeBetterDAO from VeChain sees increased adoption in Japan with 3,496 unique users in seven days, as the U.S. and Vietnam…
The post The VeChain VeBetterDAO Sees Increased Adoption in Japan first appeared on The Crypto Basic.
Bitget announces the listing of VeChain (VET) with $37,750 in promotions, available for trading on May 21, 2024. Bitget has…
The post Bitget Announces Vechain Listing with $37,750 in Rewards first appeared on The Crypto Basic.
Crypto market analyst Ali Martinez sees VeChain (VET) skyrocketing to a $0.6 price target, citing the emergence of fractal patterns…
The post Fractals Point to Imminent VeChain Surge, With Target Set Toward $0.6 first appeared on The Crypto Basic.
Crypto analyst Egrag Crypto has singled out VeChain (VET) and XRP as two crypto tokens that could soon witness significant price surges. The analyst also outlined price targets crypto investors can expect these tokens to attain. VeChain Could Rise To As High As $2.5 From the chart Egrag shared in his X (formerly Twitter) post, one could see that he was hinting that VeChain hit $2.5 at its market peak. He also elaborated on how the crypto token will rise to that level by breaking its price action into three targets. The first target was the yellow channel, which he highlighted on the chart. Related Reading: Ripple Vs. SEC Update: Is The Lawsuit Finally Coming To An End With A Settlement? Source: X VeChain is expected to rise to as high as $0.18 when this target is fully achieved. Egrag noted that this will mark the forging of the MACRO-Bottom. The second target will see the crypto token rise to almost $0.9. The analyst pointed out that this channel aligns with the Fib 0.702 & 0.786 levels, forming what he referred to as the Mid-Bull-Cycle. VeChain is expected to rise to as high as $2.5 when the last target is achieved. Egrag remarked that this target aligns with key Fib levels 1.236, 1.414, & 1.618, suggesting the potential cycle top for #VET. This isnt the first time the crypto analyst has laid a bullish narrative for the VeChain token. In February, he predicted that the crypto token could witness a 140x price increase if it repeats its price action from around 2021 when it rose by 14.638%. XRP Run To $1.4 Still In Play Egrag provided his bullish analysis of XRP in a separate X post. He stated that the crypto tokens double formation was giving a strong bullish signal. He added that he is confident that the thrust will soon. This recent analysis was an update to a previous one where he predicted that XRP would rise to $1.4 soon enough. Source: X Back then, he was also confident that this move to the upside was imminent, noting that the bulls had accumulated all the XRP tokens that the bears had dumped. He urged XRP holders to stay steady in anticipation of the life-changing opportunities that may arise due to the crypto tokens parabolic surge. Related Reading: Ethereum Resurgence: TRON Founder Justin Sun Goes On 127,388 ETH Buying Spree Egrag has remained bullish on the XRP token despite its unimpressive price action. He has predicted at different times that the crypto token could rise to as high as $27 at its market top. At the time of writing, XRP is trading at around $0.54, up in the last 24 hours, according to data from CoinMarketCap. VET price at $0.04 | Source: VETUSDT on Tradingview.com Featured image from Watcher Guru, chart from Tradingview.com
Leading enterprise-friendly blockchain project VeChain has announced that it has bagged a prestigious award from the Shanghai government. VeChain took to its Twitter handle to announce that the Shanghai government has awarded the blockchain project the status of ‘High and New Technology Enterprise (HNTE). “Three bodies of the Shanghai gov jointly awarded #VeChain the status […]
The post VeChain Bags New Award From Shanghai Government appeared first on The Crypto Basic.
The Olive Times, a promising Chinese olive oil brand, has teamed up with VeChain to ensure the authenticity of its oil products. On August 25th, VeChain announced the news in a press release, stating that the collaboration was intended to help the company meet growing demand in China for organic olive oils. According to the […]
The post Vechain And Olive Times Became Partners To Deliver Best Quality Premium Olive Oils In China appeared first on The Crypto Basic.
Crypto analyst and YouTuber, Crypto ZX has released an update on VeChain (VET) price movements, predicting a surge to new all-time highs if the cryptocurrency succeeds in breaking certain resistance levels. Catalysts Behind VETs Projected Price Surge In a YouTube video released on Monday, Crypto ZX explored VeChains historical and recent price actions, emphasizing a potential for an upward trajectory as market down trends subside. The analyst delved into VeChains recent performance in relation to Bitcoin, offering insights into key resistance levels and projecting a major surge during the anticipated 2024 bull run. Related Reading: Massive $29.3 Million Whale Transfer Threatens XRP Price With More Sell Pressure According to the Crypto ZX, VeChain previously broke above a significant price resistance on December 20, 2023, reaching almost $0.039 before undergoing a subsequent pullback. Despite an attempt to breach the same price resistance on January 11, 2024, the cryptocurrency faced a notable rejection. Crypto ZX has suggested that VeChain may be consolidating around the $0.03 price range. Nonetheless, the cryptocurrencys expected goal is to experience a surge beyond the crucial resistance level at $0.033 cents. The analyst has revealed that a break above the resistance level would give VeChain a greater chance to surge to new highs. He predicts that if VeChain can overcome current resistance levels, then the price of the cryptocurrency could rise as high as $0.04425 cents. Crypto ZX explains that the markets recent downturn has led to VeChains fluctuating price movement along the support line. He anticipates a retracement of around 17.26% from the key resistance level and predicts that VeChain could surge to new yearly highs if Bitcoin succeeds in surpassing the crucial levels at $46,000. At the end of the day all are speculations, but I am very optimistic about the price of VeChain for the year 2024. I think it is going to shock a lot of people, Crypto ZX stated. VeChain Price Update In his YouTube video, Crypto ZX provided an update on VeChains recent price movements and current value. According to the analyst, VeChain is down about 2.3% on the daily time frame. He reveals that the majority of the market is also down currently due to Bitcoins recent pullback. Related Reading: Bitcoin, Solana Take Center Stage In $721 Million In Institutional Inflows At the time of writing, VeChain is trading at $0.027, reflecting a decrease of 1.51% in the past 7 days, according to CoinMarketCap. The analyst revealed that the cryptocurrency is also down by 1.9% in BTC, compared with the market capitalization, which is holding very strong above the $2 billion mark. Crypto ZX has disclosed that despite the traction gained by VeChains ongoing projects and developments, the cryptocurrency has not reflected the impact. He emphasized that VeChain is undervalued, considering the overall expansion and advancements the cryptocurrency has undergone. VET shows strength at $0.02 | Source: VETUSDT On Tradingview.com Featured image from Facts.net, chart from Tradingview.com
VeChain (VET) might break a new all-time high this season, targeting a 1,921% rally, according to a prominent analyst, who…
The post VeChain (VET) Set to Break All-Time High with Explosive 1,921% Growth Forecast first appeared on The Crypto Basic.
VeChain (VET) has staged a 50% recovery rally and is preparing for a trendline breakout as it nears $0.030. With a market cap of $2.36 billion, VeChain has increased by 13.27% in the last 24 hours. With the newfound surge of buying pressure, the trading volumes have hit $130 million, a 42% rise in 24 hours. As the broader crypto market continues its bull run, VeChain is positioning for an explosive trend. Lets take a closer look at VeChains price action.VeChain Eyes Trendline Breakout On the daily chart, VeChain has experienced a V-shaped recovery, with a 50% price increase over the last 7 days. This rally has produced consecutive bullish candles and pushed the price above the 200-day Exponential Moving Average (EMA). VeChain price chartThe bullish trend has also overcome the 38.20% Fibonacci level priced at $0.02795. Currently, it is trading at $0.02901 with an intraday gain of 1.75% from the opening price of $0.02845. Furthermore, as the bull run concludes the prevailing pullback, the previous pullback VET price action reveals a falling wedge breakout run. With a boost in buying pressure, the uptrend is heading towards the next immediate resistance at 50% Fibonacci level. This psychological mark is priced at $0.03140. With a boost in buying pressure, the 50-day, 100-day, and 200-day EMAs have all shown upward momentum. This increases the chances of positive crossovers regaining bullish alignment. The MACD and signal lines have generated a bullish crossover, accompanied by an increase in positive histogram bars. These technical indicators suggest a shift in market sentiment towards the upside.Will VeChain Price Cross $0.050?A bullish breakout of the 50% Fibonacci level will likely prolong the bull run to the 78.60% level at $0.04161. VeChains 52-week high stands at $0.05499, just above the 100% Fibonacci retracement level at $0.05137.If the broader crypto market continues its uptrend, VeChains price could potentially reach the 1.272 Fibonacci extension at $0.06714, indicating an upside target of 131%.
VeChain (VETBTC) has hit the lowest point in the past five years. In a recent X post, Alan Santana revealed that VETBTC is currently at 340 satoshis, a point last reached in September 2019. This record low is the end of the bearish trend and will be a platform to the beginning of a bull […]
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