May 08, 2025 03:35
According to MN Consultancy Founder, Michaël van de Poppe, VeChain is drawing renewed attention as it moves closer to launching its Stargate protocol update. This rollout forms a critical part of the ecosystem's so-called Renaissance phase. Stargate is VeChain's upcoming protocol upgrade designed to enhance the network's scalability, governance, and interoperability. It introduces a new staking model that changes how VTHO, a token in VeChain's ecosystem, is distributed to VET holders and validators.These recent developments have shifted focus toward infrastructure and governance progress rather than immediate price action.Dana White Appointment Extends Industry ReachPer van de Poppe, one significant update is the addition of UFC President Dana White to VeChains advisory board. This move introduces a figure with extensive global brand influence into the blockchain space. He steps into the role alongside Konstantin Novoselov, a physicist recognized with a Nobel Prize for his work in graphene research. White also founded the slap-fighting league Power Slap, a combat sports format that has drawn massive media attention.Through platforms like UFC and Power Slap, his presence in global entertainment gives VeChain access to new audiences that may not yet be familiar with blockchain technology.Boosting Enterprise Legitimacy in EuropeSimultaneously, VeChain achieved a major regulatory milestone by securing a MiCAR (Markets in Crypto-Assets Regulation) license. This approval places the platform among the first enterprise-oriented blockchains to align with the European Unions new crypto asset regulations. The license enables VeChain to provide compliant blockchain infrastructure services to companies across the EU. As a result, it may become a more accessible solution for European enterprises seeking regulated blockchain integration. Technical Support Holds as Chart Indicators AlignMeanwhile, technical analysis from Michaël van de Poppe shows VeChain maintaining strength at a key historical support zone. The chart highlights a green area labeled as higher timeframe support level test, which has attracted repeated buyer interestfirst in mid-2023 and again in early 2025.VET/USDT Price ChartVET Price ChartThis zone continues to serve as a consistent accumulation range. Additionally, a dashed resistance line near $0.070 marks a level where the price has previously faced upward rejection, suggesting it could re-test this level again.Alongside these structural patterns, the Relative Strength Index (RSI) remains around 50, indicating neutral momentum with room for upward movement.Ultimately, according to Michaël van de Poppe, the series of fundamental developments surrounding VeChain presents a valid reason for investors to examine the project closely for potential inclusion in their portfolios.
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