All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- VeChain (VET) has hailed the effectiveness of its flagship project, VeBetterDAO, as the best solution to transform real-world actions into value.
- An analyst has predicted that VET could finish the cycle at $1.6 once it replicates the previous bull cycle to record a 3,710% surge.
With blockchain adoption expected to take a significant turn to dominate the technology sector, VeChain has highlighted in the latest post that tokenization and Real Real-World Assets (RWA) would be key drivers to this milestone. Fascinatingly, this was a direct response to data shared by an expert known on X as King Solomon.
According to the data, the tokenized RWA has skyrocketed from $16 billion to $60 billion.
VeChain at the Center of RWA
Commenting on the significant surge of the tokenized RWA, VeChain highlighted that its VeBetterDAO platform provides an innovative way of doing this by transforming real-world actions into value. The platform was launched last year to operate as a cross-sector sustainability DApps ecosystem that ensures that user activities are incentivized, engaged, and rewarded.
In a 2024 blog post, VeChain highlighted that the United Nations (UN) highlights seven key areas for economic, social, and environmental development under the Sustainable Development Goals.
For enterprises, there is a regulatory imperative to build sustainable practices into the core of their operations. These two waves are colliding to create a perfect opportunity for VeChain. Our aim is to reach one million active daily users within the next few years, and onboard a billion users by 2030, offering the world the infrastructure for the Web3 revolution.
The VeBetterDAO was created by the joint effort of VeChain and Boston Consulting Group, as mentioned in our previous news brief. According to the report, the idea was to advance sustainable actions with Web3 tools backed by the “X-2-Earn” strategy. Also, the mainnet launch was done with the introduction of a full-scale emission of B3TR as well as the start of its 12-year tokenomics structure. This introduction was in addition to the Quadratic funding and voting.
To ensure a fair voting environment and prevent the dominance of large stakeholders, we will introduce quadratic funding and voting mechanisms. This innovative solution is designed to democratize the voting process, making it more equitable for all participants.
Recently, VeChain also announced the launch of its X/Economic Node Endorsement feature. As highlighted in our previous article, this and other apps that would be later listed on the VeBetter platform would necessitate a two-way dialogue between X2Earn applications and relevant stakeholders.
VET Price Action
Amidst the backdrop of this, VET has surged by 6.4% in the last 24 hours to trade at $0.045. However, its weekly gains have declined by 7%. According to an analyst, this asset could soon breach its 0.236 Fibonacci retracement level ($0.0659) and make further advancement toward the $0.08 level.
Subjecting the asset to critical analysis, analyst EGRAG CRYPTO disclosed that VET has a good chance of hitting $1.16 in a 3710% surge, as highlighted in our previous article.
VET may be gearing up for some exciting moves. The pattern indicates a potential rise to 0.115c, followed by a dip to 0.035c, paving the way for a potential surge to $1.6. This analysis is grounded in the historical price action reflected by the cloned Blue Arrow pattern.
