VeChain users will soon have the convenience of holding and transferring their VET using the Tangem Wallet.
Exciting news from Tangem! The Swiss company that makes hardware wallets announced on Wednesday that they’re getting ready to support the VeChain network. This cool feature will be ready for users in January 2024, giving them the ability to store VeChain (VET) and expanding the types of cryptocurrencies they can keep on their card-shaped hardware wallet.
Vechain is coming đ„
We are thrilled to announce that we have started integrating the Vechain network @vechainofficial. It will be available in early January 2024.
We'll keep you in the loop! pic.twitter.com/lzez8kvfn3
— Tangem (@Tangem) December 14, 2023
VeChain Support Coming to Tangem Wallet
Great news for the VeChain community! Tangem, the popular hardware wallet maker, has announced plans to include support for the VeChain network. This move, set to be available in January 2024, means that over one million Tangem wallet users will soon be able to store and manage VeChain (VET) on their hardware wallets.
This addition not only exposes VeChain to a broader audience but also opens the door for Tangem to welcome more users, considering VeChain already boasts a substantial user base of over 900,000 holders.
Interestingly, this integration comes after numerous requests from Tangem users who wanted VeChain support. The Tangem team had previously mentioned their plans to support VET, confirming its development progress back in July.
While it’s not clear yet if Tangem’s integration will extend to other VeChain-native assets, it’s anticipated to provide strong support for VeChain (VET). The potential inclusion of VeChain’s network gas token, VeThor (VTHO), is expected, although there’s no official confirmation at this time.
VeChain’s Surge and Tangem’s Support
In an exciting turn of events, Tangem has chosen to support the VeChain ecosystem just as the project’s tokens, VET and VTHO, experience significant growth. In the last 24 hours, VET reached an impressive ten-month high of $0.031, securing a market cap of $2.1 billion.
Simultaneously, VTHO saw a peak of $0.003, and even though it has retraced to around $0.002, it still boasts a remarkable 26% increase in the past seven days, making it one of the top-performing tokens during this period.
This notable uptick in prices aligns with the broader recovery of the crypto market. Additionally, VeChain made a strategic move by launching a new marketplace that enables investors to buy and sell nodes. This innovative offering aims to boost VET rewards on the network and contribute to a thriving economy.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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