- VeChain anticipates Altseason 2.0 with ambitious price projections.
- VeChain pioneers eco-friendly blockchain with rewards and environmental impact.
- CEO unveils VeBetterDAO, signaling a commitment to sustainability.
After a quick market corrections dip following what was thought to be the start of altseason, altcoins have already begun to march upwards again. Painting green signals across the crypto market, many are getting in position to hit bullish targets once altseason actually arrives.
Read CRYPTONEWSLAND on
google news
VeChain’s VET is one such asset. All altcoins are gearing up for what enthusiasts dub as Altseason 2.0. After a 22% drop in the Altcoin Market Cap from its recent peak, market observers are pointing to this dip as a common occurrence in bull markets. Such downturns often serve as strategic entry points for investors looking to accumulate their favorite altcoins.
Drawing on historical trends, experts anticipate a stabilization of the market within the next 1-2 weeks, followed by a resurgence in value, signaling the imminent arrival of Altseason. The current retracement, viewed as a temporary setback, aligns with patterns seen in previous bullish cycles.
The spotlight falls on VeChain (VET), a standout altcoin with a trajectory painted on the charts. Analysts project ambitious price targets, pointing to Fib levels 0.702, 1.236, and 1.618. The next focal point is set at $0.11, with expectations of a subsequent pullback to the edge of the White Channel before a sustained upward trajectory.
The forecast suggests a promising journey for VET, symbolically breaking free from financial constraints. In a parallel development, VeChain takes a pioneering step in environmental sustainability with its X-2-Earn program.
Revolutionizing green practices in blockchain, the initiative encourages eco-friendly living by rewarding participants. With substantial achievements like saving 3 million kilograms of CO2 and conserving 9 million gallons of water, VeChain positions itself at the forefront of the crypto world’s shift towards a greener future.
CEO Sunny Lu’s revelation of VeBetterDAO and the introduction of VOT3 & B3TR tokens at MWC 2024 reinforce VeChain’s commitment to environmental responsibility. The VeChain Effect goes beyond rhetoric, showcasing tangible efforts in eco-innovation and sustainability. As Altseason beckons, VeChain stands not only as a financial prospect but also as a leader in shaping a sustainable crypto ecosystem.
Read Also
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
