VeChain is set to make a big announcement at MWC2024, sparking excitement among its community. Traders are hopeful for positive effects on VET prices, especially if there are updates to tokenomics.
VeChain supporters are showing strong confidence in the project, with many favoring VET as their top choice during this bullish market phase.
VeChain Set to Unveil Major News at Mobile World Congress 2024
VeChain, known for its mission to create positive change through blockchain technology, is gearing up for a significant announcement on February 28, stirring anticipation and enthusiasm within the crypto community. This upcoming revelation is anticipated to propel the price of VET to new heights, building upon its recent upward trend.
#VeChain has big news being announced at MWC2024 this week. Rumors of update to Tokenomics and airdrops. Price has been pumping. $VET chart looks beautiful. If we pump hard and close the month above the Monthly S/R level then ATH is not far away! 👀🚀💪 pic.twitter.com/iciHQX9zdb
— raidenx (@benj_strong) February 27, 2024
At Mobile World Congress 2024 in Barcelona, the VeChain team, led by CEO Sunny Lu, will unveil the groundbreaking news, eagerly awaited by the community. Speculations are rife regarding potential updates to tokenomics and the possibility of airdrops. The excitement surrounding these speculations has already triggered a surge in VET prices, attracting close attention from traders monitoring the market trends.
Prominent traders are expressing optimism, with some highlighting the promising VET chart and hinting at the potential for an all-time high (ATH) if the current bullish momentum persists. This positive sentiment mirrors the general excitement surrounding VeChain’s imminent announcement.
Amidst these developments, one trader shares a personal journey, emphasizing their unwavering focus on VET during this bullish phase. Despite having navigated previous market cycles and diversified their portfolio, they remain steadfast in their belief in VeChain, allocating 99% of their holdings to $VET.
I went through 2020-2021 Bullrun. Saw my little 10k investment get to about $60k… I’ve bought and held a lot of crypto. We all know it’s a good idea to diversify.. but.. I can honestly say that my portfolio is 99% #Vechain now. $vet is my pick this cycle and I’m sticking to it.
— Vechain_Jenny ♻️ (@REALCryptoJenny) February 26, 2024
VeChain Price Update and Anticipation for Upcoming Announcement
As per CoinGecko analytics, the current price of VeChain (VET) is $0.04935, marking a significant increase of 56% in the last 14 days and an impressive surge of 74% in the last 30 days. Similarly, VeThor (VTHO) is priced at $0.005, experiencing a notable uptrend of 86% in the last 14 days and a remarkable surge of 120% in the last 30 days.
With the crypto community eagerly awaiting the VeChain announcement scheduled for February 28, all attention is focused on the potential impact of this revelation on VeChain’s trajectory and market performance. Investors and traders alike are closely monitoring the developments, anticipating possible catalysts that could further drive the momentum of VeChain and its associated tokens.
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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