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- VeChain’s partnership with WoV Labs is leading the ‘Phygital’ revolution, aiming to promote sustainability and reward green practices.
- The Charge2Earn app incentivizes eco-friendly driving by offering charging discounts, with plans to expand to more EVs.
- VET has seen slow growth, dropping from $0.05 to $0.02 but its future trajectory remains uncertain
VeChain’s latest collaboration with WoV Labs is pioneering the ‘Phygital’ revolution. It blends the tangible and virtual realms through cutting-edge Web3 solutions.
This venture is set to enhance sustainability by incentivizing green practices and magnifying their impact in the physical world.
In a parallel development, the innovative Charge2Earn application offers incentives for environmentally conscious driving by providing discounts on charging services.
VeChain’s Dedication to Ecological Responsibility
Currently, the circulation sees 3.5 million B3TR tokens, securing a Total Value Locked (TVL) near $1.37 million. For the moment, the application is exclusive to Tesla models, yet expansion plans are in motion to embrace a broader range of electric vehicles.
This partnership underscores VeChain’s dedication to ecological responsibility and its trailblazing spirit. The initiative not only reflects a step forward in sustainable technology but also marks a significant stride in VeChain’s journey towards a greener future.
By fostering a synergy between technology and ecology, VeChain and WoV Labs are setting a new standard for corporate environmental stewardship. Amid these milestones, VET, VeChain’s native token has been experiencing sluggish growth.
VeChain (VET) Price Performance
VeChain (VET) dipped from a March high of $0.05 to a low of $0.02 in June. Last month, VET’s price breached the 20-SMA at $0.03 and fell to $0.029.
$VET Holding Critical Support !💪
— Crypto Yapper (@CryptoYapper) June 12, 2024
It looks like #VET is strong enough to hold the horizontal support on the Daily timeframe
We could see a bounce from this point and maybe revisit the topside resistance
Do you still have faith in #Vechain ? pic.twitter.com/ce0KbeYtQW
As of now, VeChain is trading at $0.032 and the monthly candle is rising daily. According to the above post, Crypto Yapper, a renown analyst, suggests that VET may continue ascending in the coming days.
On the other hand, VET price predictions paint a different picture. For instance, CoinCheckUp predicts a 10.36% price decrease by the end of Q2.
As the bull run nears, the general crypto market is slowly gaining traction. Considering this fact, VeChain could surprise bears with a meteoric rise.