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Blockchain platform VeChain has seen magnified attention from cryptocurrency enthusiasts, continuing to add new addresses. The project has welcomed nearly 160,000 new users since 1 November.
Since November 1st, we've welcomed just under 160,000 new addresses to #vechain, in part, attributed to our ongoing #Coinbase Learn program, showcasing our capabilities and successes to over 100M KYC'd users.
— vechain (@vechainofficial) November 22, 2023
Head to Coinbase, take our challenges, earn some $VET, then dive in to… pic.twitter.com/EL4EAZvIZ2
VeChain’s participation in the ongoing Coinbase Learn program, which has helped the crypto showcase its success and capabilities to more than 100 million regulated users, has largely contributed to the significant increase in VET wallets.
Coinbase Learn program boosting VeChain adoption
The initiative by the exchange Coinbase to educate players about different assets in the cryptocurrency market has been crucial for VeChain’s uptick in new addresses.
VeChain has capitalized on the program to present its achievements and distinct features to a broader audience of prospective users and crypto fans. The blockchain rewards participants who complete various challenges with native coin VET. That incentivizes users to explore the VeChain network.
VET price outlook
VeChain exhibited an upside stance during this publication. The altcoin gained more than 4.30% over the past day to $0.02113.
VET likely mirrors the improved market mood as Bitcoin teases a break beyond the $38K, which will potentially welcome stable uptrends past $40K. Meanwhile, analysts support uptrend continuation for BTC and altcoins.
The next run on #Altcoins is currently loading up.
— Michaël van de Poppe (@CryptoMichNL) November 23, 2023
The significance of a spot #Bitcoin ETF is large and given the recent news items, the odds of an approval are increasing, so coming weeks are most likely continuing the upwards momentum.
We're in a bull cycle.
Michael van de Poppe trusts ‘we’re in a bull cycle, and altcoins are loading up, readying for stable surges. He believes the coming weeks are crucial for the market as enthusiasts await spot BTC ETF approval.
In that context, VeChain remains poised for rallies, and its latest involvements in learning programs show its dedication to ensuring awareness while increasing its followers.
Moreover, the project continues venture into different industries, including logistics, as evolves and grow, providing diverse opportunities to participants.
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