VeChain

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The team behind the enterprise smart contract blockchain platform VeChain (VET) has unveiled a tech roadmap for 2023 and 2024.
In a new announcement, the VeChain Foundation says the project’s developers plan to spend the first half of the year at work on a carbon footprint explorer, a wallet browser extension and an Ethereum (ETH) token bridge, among other projects.

In the second half of 2023, they plan to turn their attention to implementing a VeChain naming system, an asset lending platform, a multichain generic data bridge, as well as oracles and smart city ecosystems, in addition to various other features.
In the first quarter of 2024, VeChain’s team plans to work on numerous projects, including decentralized file storage, layer-2 rollups, smart contract security analysis tools, algorithmic token-backed stablecoins, decentralized autonomous organization (DAO) governance wizards, together with a DAO operating system and a DAO ecosystem smart contract library.
Source: VeChain Foundation/Twitter
VeChain is designed to help companies optimize their supply chains. It offers a list of services to improve product lifecycle management and data certification. Smart contracts on VeChain move value through VET transactions.
VET is trading for $0.021 at time of writing. The 37th-ranked crypto asset by market cap is up 0.62% in the past 24 hours and more than 21% in the past seven days.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Team Behind VeChain Reveals New Roadmap for 2023 and 2024 As VET Bounces appeared first on The Daily Hodl.


The team behind the enterprise smart contract blockchain platform VeChain (VET) has unveiled a tech roadmap for 2023 and 2024. In a new announcement, the VeChain Foundation says the project&#8217;s developers plan to spend the first half of the year at work on a carbon footprint explorer, a walle...

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Team Behind VeChain Reveals New Roadmap for 2023 and 2024 As VET Bounces

The price momentum of VeChain (VET) registered a halt over the last 24 hours after the altcoin started to trade laterally. In the same time frame, the coin dipped 0.9%, which is minor meaning that VeChain was in consolidation.
The coin had picked up bullish momentum at the beginning of this year, but the bears could not sustain the price above the $0.021 mark. The technical outlook of VeChain still points towards bullishness. The altcoin was overvalued at the time of writing, which emphasizes that a price correction is on the way.

A price correction also presents a shorting opportunity for traders. The accumulation on the chart also noted a downtick, but despite the downtick, demand for VET was substantial. However, VET will soon lose its current price level if buyers continue to lose interest.
At the moment, VeChain has secured the $0.019 price level as its current support mark. Moving below the price above the mark will make VeChain come under the influence of bears again. The VET price is 92% lower than its all-time high secured in 2021.
VET Price Analysis: One-Day Chart

VeChain was trading at $0.0207 at the time of writing. The altcoin was trading within an upward parallel channel, which showed bullishness. However, VET traded outside the parallel chain over the past trading sessions.
As the coin moved outside of the parallel chain, the bulls failed to cross the $0.0212 price level, which acts as the current resistance price level for the coin. Local support for the coin stood at $0.020, and as VeChain depicted a correction, it is expected to fall below the $0.0193 level.
Both the $0.020 and the $0.0193 price levels can act as shorting levels for the coin. The amount of VeChain traded in the last session declined, which meant a slight fall in demand.
Technical Analysis

The altcoin was overvalued on the daily chart, and although demand for the coin registered a fall, the bulls were still hovering in the market. The Relative Strength Index was a few points below 80, indicating that the coin was under the influence of buyers.
With a price correction, VET can dip to $0.0193 before it starts to pick up momentum. On the same note, the VET price was above the 20-Simple Moving Average line (SMA), which meant that buyers were driving the price momentum in the market.
It was also above the 50-SMA line (yellow); however, another pull from the bears will drag VET below the 50-SMA line.

Technical indicators continued to suggest that VET hasn’t lost its bullish steam. The Moving Average Convergence Divergence, which indicates price momentum and reversals, showed green signal bars.

Green signal bars are tied to a buy signal, but the recent bar was declining in strength, implying that traders should skip buying the asset right away. The Chaikin Money Flow was above the half-line and registered a fall; the capital inflows were far higher than capital outflows despite the fall.
Overall, the market remains on the bulls’ side, but VET has to stay above its crucial support line to keep the bears from returning.



The price momentum of VeChain (VET) registered a halt over the last 24 hours after the altcoin started to trade laterally. In the same time frame, the coin dipped 0.9%, which is minor meaning that VeChain was in consolidation. The coin had picked up bullish momentum at the beginning of this year,...

newsbtc.com

VET Price Retraces, But Sellers Should Short At These Levels

The widely-followed crypto analyst Michaël van de Poppe is updating his outlook on XRP (XRP) and VeChain (VET).
The popular analyst tells his 643,300 Twitter followers that payments solution XRP could plummet by more than 22% if it fails to recover a key level quickly.

“This one looks a bit odd, as we’ve seen a harsh rejection at $0.370. I’d prefer to see XRP reclaim the level at $0.343 relatively fast, otherwise, a ton of liquidity is on the downside to be taken (comparable with Bitcoin). $0.265 massive support.”
Source: Michaël van de Poppe/Twitter
At time of writing, XRP is changing hands at $0.341.
Next, he says VET is on a downward trajectory. But he says there is a slight possibility for a bullish reversal if the enterprise solution blockchain can get above a key price area.
“This one is clearly trending downhill. And continues to do so. Potentially: bullish divergence implying a reversal. Bullish divergence only valid if $0.016 gets cleared. Otherwise, trend remains downwards.”
Source: Michaël van de Poppe/Twitter
At time of writing, VET is valued at $0.015.
He also analyzes the support and resistance levels for Bitcoin (BTC) in a new strategy session video. He tells his 164,000 Youtube subscribers that a rally to as high as $17,700 is possible, while a new support level as low as $15,800 is likely if there is a move down.
“The moment that we’re going to break to the upside, the resistance at $17,400 is going to be quite clear. The same goes for $17,700. If we’re going to have a reversal or at least continue to grind, I think that a run toward these levels is pretty much what I’ll be looking at when it comes to the price action of Bitcoin.
 On the downside, we’ve got some support levels. First of all, we’ve had this area at $16,600, which generated a little bit of a bounce, and $16,400 is the more important one. Then if we’re looking at this entire structure, we also have the case of $15,800 as the next support if we keep on trending down.”
At time of writing, Bitcoin is valued at $16,558.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
The post Crypto Analyst Michaël van de Poppe Updates Outlook on XRP and One Top-50 Altcoin – Here Are His Price Targets appeared first on The Daily Hodl.


The widely-followed crypto analyst Michaël van de Poppe is updating his outlook on XRP (XRP) and VeChain (VET). The popular analyst tells his 643,300 Twitter followers that payments solution XRP could plummet by more than 22% if it fails to recover a key level quickly. “This one looks a bit odd, ...

Crypto Analyst Michaël van de Poppe Updates Outlook on XRP and One Top-50 Altcoin – Here Are His Price Targets

VeChain has seen a price pump of 4% or currently trading at $0.0161 in the last 24 hours, triggered by the increase in VET demand, data from Coingecko shows.
With this scenario, if the buying pressure persists, VET could sprint towards its resistance level and supply zone at the 100% Fibonacci level found at $0.01967. 

VeChain investors could profit at $0.01778
A breach slicing below the $0.0156 mark can further invalidate the bullish streak of VET
VET showing price recovery at $0.01583 

VeChain has recently launched its upgrade PoA 2.0 and its Relative Strength Index (RSI) has shown an intense uptick after its breakaway from the oversold zone. This goes to show how the buying pressure has magnified over time.



VeChain: On Fraud And High Gas Fees
According to Analytics Insight, “VeChain (VET) was first conceived of by Sunny Lu, the former CTO of Louis Vuitton, someone who knows first-hand about the problems involved in tracking and proving genuine vs counterfeit goods.”
As such, VeChain is known to be a first-of-its-kind layer 1 blockchain that aims to bring to the table innovative solutions to ultimately solve real-world problems such as the high transaction fees and counterfeiting which is deemed to be extremely beneficial for enabling friction-less transaction and also for the hassle-free minting of NFTs.
VET’s On-Balance Volume (OBV) has also recorded an uptick which demonstrates the spike in trading volume and buying pressure.
In the event that this trend lingers on, VeChain could eventually reach its profit target at $0.01968. Investors are optimistic to take in profits just before Christmas.



Risk-Averse Investors To Rake In Profit?
But, this won’t be a walk in the park for VeChain considering that the bulls will have to barrel past resistance barriers along the way. In this case, risk-averse investors will resort to lock in their profit at the $0.01776 resistance zone.
This means a breach below $0.01564 would invalidate any bullish streak and could toss VeChain back into the new support zone found at $0.01470.
VET has also seemed to have noted a remarkable rise in development activity since middle of this month. This goes to show that developers have their full trust on VeChain’s future innovations.
Although the price of VET has fluctuated in response to changes in development activity in the past, the most recent increase does not represent this trend because the price fell as development activity grew.


VeChain has seen a price pump of 4% or currently trading at $0.0161 in the last 24 hours, triggered by the increase in VET demand, data from Coingecko shows. With this scenario, if the buying pressure persists, VET could sprint towards its resistance level and supply zone at the 100% Fibonacci le...

VeChain Jumps By 4% As VET Investors Look To Profit Before Christmas

VeChain is a smart contract-compatible blockchain designed to enhance the supply chain and accelerate the mass adoption of blockchain technology.

VeChain price	$0.024138
Low - High 24H	$0.024131 - $0.024794
Market cap	$1.75B
Volume 24H	$54.65M
All time high	$0.280991 -91.41% April 19th 2021
All time low	$0.001917 1159.61% March 13th 2020
Genesis date	N/A

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