VeChain Analyst Predicts Over 3,000% Surge by Year-End
A cryptocurrency analyst believes the price of VeChain ($VET) could soon see a significant surge of over 3,000% by year-end. If the token’s price moves above $0.054 this week, it could confirm the trend for a potential spike.
VeChain has recently surpassed a resistance level after trading within a range for approximately 644 days and is trading at $0.048 at the time of writing, up more than 60% over the last 30 days.
VeChain’s Use Case and Token System
VeChain is an enterprise-grade layr-1 smart contract platform that leverages distributed governance and Internet of Things (IoT) technologies to address critical data challenges impacting global industries. The network uses a dual-token system, with VET generating the other token VHTO.
VeChain’s Surge and Account Abstraction
The surge in VeChain’s price is linked to the introduction of Account Abstraction (AA), which makes interoperability seamless and unlocks programmable smart contract wallets for a better user experience and improved security.
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