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- VeChain unveils that its blockchain uses 0.04% energy compared to other blockchains.
- The blockchain remains true to its title of green and sustainable blockchain power.
- Amidst this reveal crypto analysts make bullish price predictions for native token $VET.
VeChain proudly shares its energy consumption rate as compared to other blockchains. To put it in figures, VeChain consumes only 0.04% of energy compared to other blockchains, truly giving the network its title of sustainable and green blockchain.
Did you know that VechainThor's annual energy consumption is equivalent to driving one gasoline-powered car for a year? It's much more efficient than the majority of other blockchains.
— vechain (@vechainofficial) May 15, 2024
We built a fast and secure platform, primed for the digital-sustainability revolution. pic.twitter.com/OqfZHEuA6K
As explained above, VeChain mentions that this energy consumption made by VeChainThos’s annual energy consumption is equal to that of driving one gasoline-powered car for a year. Truly a magnificent feat for blockchain sustainability.
This makes VeChain a most-efficient blockchain compared to its competitors in the sector. Paired with this, VeChain’s network is secure and fast. Thus, the project is primed for the digital-sustainability revolution.
Amid this incredible reveal, $VET holders are all excited to see this success reflect on the VeChain native token ($VET). When will $VET beat its old $ATH of $0.277, and when it does, as many analysts believe, how high will the value of $VET go?
One popular crypto analyst, Egrag Crypto, shares his analysis on where the price of $VET will go this bull cycle. In particular, he believes that the $VET price has the potential to soar by 2 or 3 times its previously set $ATH of $0.277.
#$VET: Blue or Green Pump Alert!🔵🟢#$VET has the potential to soar 2 or 3 times from its previous all-time high of 0.277.
— EGRAG CRYPTO (@egragcrypto) May 17, 2024
Let's crunch the numbers:
A) 0.277 X 2 = 0.554c
B) 0.277 X 3 = 0.831c
But wait, there's more! 🚀 I'm leaning towards the belief that #$VET will surge to… pic.twitter.com/mjLJJ6czGl
If this is true, then the price of $VET this cycle top could go to $0.554 or $0.831. Having said that, Egrag Crypto says he expects $VET will surge to Fibonacci levels between 1.414 and 1.618. He ends his discussion saying $VET can unlock one’s financial chains.
Responses to the tweet are even more bullish than the prediction made. For instance, one believes that $VET price has the potential to go to $1.6 while another thinks $VET cycle top price could hit $2.4 or even $3.