cryptonews.net
VeChain (VET) filed a trademark for financial services in July this year, covering various cutting-edge offerings including crypto trading, digital token issuance, and virtual coin acquisition. With the multiple cutting-edge financial services, the trademark approval could make VeChain’s ecosystem ISO 20022 compliant, allowing VET to dominate the trillion-dollar payments industry. Given the numerous financial offerings, such a move would make cooperation with central banks possible.
VeChain demonstrates an optimistic ecosystem that is encouraging more new wallets to join the network. Granting approval for the pending trademark will allow the project to dominate the digital payments market. VeChain price has maintained a steady upward trend amid the recent massive rally. Over the previous month, the altcoin rate increased by more than 45%. Some analysts believe VET will continue to rise in the coming weeks.
Crypto analyst Ali MARTINEZ reported that VET expects a consolidation phase observed between 2018 and 2020. This development could push VeChain prices to break through the resistance at $0.033 in the next two weeks. Martinez believes that VET could rise to $0.077 in January 2024, which would result in a 150% increase in value. In addition to Martinez, renowned EGRAG analyst expects VET to skyrocket 7,500% to $2.3. He highlighted the altcoin’s prolonged downtrend, which reflects the path to 2021’s all-time highs.
Image: Binance Academy