cryptonewsland.com
- VeChain is preparing for its HiVe Summit and the VeBetterDAO mainnet launch.
- Both events are geared towards propelling the price of VET and VTHO.
- VET is expected to hit $1.37 in the next 12 months pulling a 27x, according to an analyst.
VeChain, the Real World Asset (RWA) tokenization blockchain known for its green initiatives and sustainability first approach is in high demand. The project is gearing up for some major launches and bullish announcements in the coming days.
To highlight, VeChain is hosting its HiVe Summit, a highly anticipated event with notable speakers in the space. This event will likely unveil some epic new ordeals for the sustainability-driven RWA blockchain project.
Besides the summit, VeChain is also preparing for its VeBetterDAO mainnet launch. This initiative was announced earlier this year just after a bullish spike for its native tokens VET and VTHO. Once again, both assets are expected to print bullish waves in the coming waves as VeChain hints at major announcements.
In detail, VeBetterDAO is built on the VeChain ecosystem and comes with its own internal tokens B3TR used to reward sustainable behaviour via creative DApps, and VOT3 used to exercise governance power on the VeChain ecosystem.
Thus, more activity on VeBetterDAo will bring more traction towards VET and VTHO. Therefore, the VeBetterDAO mainnet launch is seen as an incredibly bullish milestone for the VeChain project.
$1.37 for Vechain in the next 348 days is in play.
— Cpt. (@Captain_Chavez) June 18, 2024
I’m expecting a 27x from local high of .051 cent. We just faced our final capitulation down before a major impulsive move upwards.
New holders will buy the chart up when they inevitably realize they don’t own enough all while…
Amidst these bullish expectations, one analyst shares his price prediction for VeCHain’s native token VET. Specifically, he says that VET will hit $1.37 by pulling a 27x from its present local high of $0.51. More so, this price spike is supposed to occur over the next 384 days.
This expectation means that VeChain within the next 12 months, VeChain’s native token VET is set to break its current all-time high (ATH) of $0.27 and hit $1.37, if not higher. Indeed, the bullish sentiment is high for VET and the VeFam hope to see new ATHs in the near future.