• 28 May, 2024
News

VeChain Sets Sights on Top 20 Ranking Amidst Bull Run Surge: Report

In a recent turn of events, VeChain (VET), currently ranked 37th by market cap, is making strides in the crypto market, with its price hovering around $0.01877, a notable surge from $0.016 in the past two weeks. This marks a significant milestone for VET, as it enters positive territory for the first time in three months, following Bitcoin’s ascent above the $34,000 mark earlier this month.

Buoyed by its steadfast dedication to sustainability and strategic alliances, VeChain is poised to challenge the resistance level at $0.0218, potentially even soaring to $0.0256. However, the ever-fluctuating crypto sphere may also encounter hurdles, potentially stabilizing around its support levels.

Source: Coinmarketcap

Leading on-chain data and price forecasting platform, CoinCodex presents a tempered outlook for VeChain in November 2023. Their analysis suggests a maximum potential profit of approximately 4% for VET in the upcoming month. 

Platform predictions indicate that the current price of $0.018 could reach a peak of $0.019 during November. However, following this ascent, this supply chain-centric altcoin may undergo a price correction, settling back at its current value of $0.018, equating to a modest 2% decrease by the end of the month.

Source: CoinCodex

In a recent post, it has been officially announced by VeChain that the alliance with Venum Brazil marks a significant milestone in the broader acceptance of blockchain technology. This partnership not only showcases VeChain’s innovative blockchain solutions but also demonstrates how the world of sports apparel is embarking on a new frontier of ‘phygital’ integration, a seamless blend of tangible products with the digital capabilities of modern technology.

The partnership between UFC, Venum Brazil, and VeChain is more than just a business deal. It symbolizes a coming together of major sporting brands with innovative blockchain technology. As VeChain strengthens its position within the vast UFC network, the possibilities for revolutionary blockchain applications seem endless.

VeChain’s venture with Venum Brazil transcends the boundaries of technology and textiles; it is a forward-looking step that signals the inevitable integration of blockchain into the very fabric of everyday life. With this partnership, VeChain reaffirms its commitment to steering towards a sustainable and technologically advanced future.

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