Chain News Today TheBitTimes.com

The cryptocurrency market is showing signs of a healthy recovery. Bitcoin (BTC) is inching closer to the $86,000 mark after its recent descent to sub-$75,000 levels. The global crypto market cap has risen to $2.8 trillion. VeChain (VET) is currently the second-best-performing cryptocurrency among the top 100 projects by market cap in the daily charts. VET’s price has rallied by 6% in the daily charts, 19.8% in the weekly charts, and 5.65 in the 14-day charts. Despite the rally, VET is still down by 4% over the previous month and 47.3% since April 2024. Also Read: Solana (SOL) Rallies 18%, Reclaims $130: Is $150 In The Horizon? Source: CoinGecko Crypto Markets Surge Amid Bullish Developments Source: Watcher Guru VeChain’s (VET) rally comes after President Trump announced a 90-day pause on tariffs, except for those on China. The move has likely led to a spike in investor confidence. Other bullish developments may have also propelled VET’s price. The US Senate recently ap...

VeChain (VET) has faced quite a correction over the last few weeks. The asset is struggling to gain momentum and is glowing red across the board. VET is down by 5.3% in the daily charts, 1.5% in the weekly charts, 2.2% in the 14-day charts, and 19.6% over the previous month. Also Read: Ripple: Whales Buy 50M XRP as Price Looks to Surge Understanding VeChain’s Recent Performance and Future Potential Source: CoinGecko Why The Lack of Upward Momentum? VeChain’s (VET) underwhelming performance may be caused by Bitcoin’s (BTC) drop below $60,000. Even though the Federal Reserve announced that interest rates would decline in September 2024, investors might not feel comfortable investing in riskier assets. Bitcoin’s decline has sparked a market-wide correction, and other cryptocurrencies are trailing. The downtrend may change in September after the Federal Reserve’s first interest rate cut. This development may boost investor confidence in riskier assets such as cryptoc...

VeChain (VET) price rose 10% as Bitcoin spiked to briefly sit above $52k. The gains also came as the L1 smart contract platform announced Account Abstraction (AA) was now live. AA brings seamless interoperability and unlocks programmable smart contract wallets. VeChain ( VET ), the enterprise-grade L1 smart contract platform, has announced a major development in its blockchain ecosystem. Account Abstraction (AA) is live on VeChain, the platform said. VeChain debuts Account Abstraction By going live, AA brings programmable smart contract wallets to VeChain, putting the blockchain platform at the forefront of shaping the next step in global adoption of crypto. Account Abstraction (AA) is now live, opening up a whole new world for #VeChain. Not only does AA make interoperability seamless, but it also unlocks programmable smart contract wallets for a better user experience and improved security. Here’s what it means for $VET 🧵👇...

VeChain (VET) has been actively involved in various development initiatives and projects, including the recent introduction of “The HiVe” event. The event has garnered attention from the Web3 community. Throughout 2023, the VeChain team has been consistently providing updates on their ongoing developments and has multiple projects in progress. Furthermore, on March 6, 2023, they released a new whitepaper, unveiling the VET 3.0 protocol. VeChain is trading at $0.03728 at press time, according to CoinMarketCap, with a 1.2% surge in value over the last 24 hours. Alongside the whole cryptocurrency market, VeChain is also trading in green. With the New Year almost here, here is our price prediction for VeChain this new year. Also read: Solana New Year Price Prediction: How High Can SOL Go? VeChain Price Prediction for New Year Various factors, such as market conditions and price action, will determine whether VeChain’s VET can shoot up in price this new year. Ba...