• VeChain launched Marketplace as a Service (MaaS), partnering with Gresini Racing and EXplusNFT for exclusive NFT content.

• VeChain’s MaaS offers a no-code interface for businesses to manage digital assets seamlessly.

In the first quarter of 2024, VeChain launched its new Marketplace as a Service (MaaS) solution, which is a major step in the evolution of e-commerce. To celebrate this launch, VeChain has collaborated with Gresini Racing and EXplusNFT and introduced the first enterprise marketplace on the MaaS platform. 

This collaboration enables Gresini Racing to provide exclusive NFT-based content to fans, proving VeChain’s ease of integration and powerful capabilities. This partnership highlights VeChain’s strength in tokenization and the integration of real-world assets (RWAs), proving that it can seamlessly bridge the physical and the digital. 

VeChain’s initiative also highlights the company’s strength in the tokenization sector along with the Real World Asset (RWA) integration. Through the integration of the intangible and tangible, VeChain has laid down the foundation for future developments in the industry. 

As outlined in our recent blog post, the launch of VeChain’s Marketplace-as-a-Service (MaaS) platform is a revolution in the blockchain industry. This platform provides a simple way for companies to list and manage their digital assets and, thus, integrate blockchain into their activities. One of the MaaS platform’s key features is its user-friendly interface that provides a no-code interface where users can build and govern digital assets with ease and without the need for coding skills. 

VeChain’s Price Surges as Analyst Predicts Bullish Breakout

Currently, VeChain is trading at $0.02545, marking a 2% gain over the last 24 hours. The cryptocurrency has seen a 24-hour trading volume of $45.78 million and a market capitalization of $2 billion. 

Leading crypto analyst Worlds Of Charts has provided an optimistic outlook for VeChain’s price trajectory. The analyst, in a detailed technical assessment, observed that VeChain has been trading within a daily descending channel, a formation that is usually bearish. This pattern has lower highs and lower lows that create a descending channel.

However, recent developments indicate a shift in market sentiment.  On the lower timeframe, VET has bounced off the trendline, indicating a possible shift in the trend. The next major level to watch for VET will be the trendline of the descending channel around the $0.0300 level.

Additionally, Egrag, a crypto analyst, has recently posted an analysis on X, suggesting that VET is in the final stages of corrective wave 2 and is due to enter wave 3. This wave is usually the strongest and most explosive and is expected to propel the VET price north of $1. 5, possibly touching $1. 8. 

Egrag’s analysis is based on the Elliott Wave Theory, suggesting that VET is completing Wave 2 of a 5-wave sequence. The anticipated Wave 3 is expected to propel VET upwards, with projected targets of $1.5 to $1.8. The chart identifies key support and resistance levels crucial for maintaining this bullish outlook. Notably, VET is holding above a significant support zone at $0.03, which is vital for sustaining the bullish structure and advancing toward the targets.

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