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Bitget Announces Vechain Listing with $37,750 in Rewards

source-logo  thecryptobasic.com 20 May 2024 15:37, UTC

Bitget announces the listing of VeChain (VET) with $37,750 in promotions, available for trading on May 21, 2024.

Bitget has confirmed the listing of VeChain (VET) on its platform, generating excitement among the community, particularly on social media platform X. This development presents new opportunities for traders and investors, accompanied by promotional activities amounting to $37,750 worth of VET. The new listing will be available for trading on May 21, 2024, at 11:00 AM (UTC), with deposits already open.

New Listing – $VET @vechainofficial
#Bitget will list VET/USDT with $37,750 worth of VET up for grabs! #VETlistBitget

🔹Deposit: opened
🔹Trading starts: May 21, 11:00 AM (UTC)

More details: https://t.co/COZ276NBVA pic.twitter.com/g5LsoSUWTo

— Bitget (@bitgetglobal) May 20, 2024

CandyBomb and VET X Giveaway

VeChain (VET) will be featured in Bitget’s Innovation, Depin, and Public Chain Zone, allowing users to engage in VET/USDT spot trading. Withdrawals will be enabled starting on May 22, 2024, at 12:00 PM (UTC).

To celebrate this listing, Bitget has initiated two main promotional activities. First, the CandyBomb promotion will run from May 22, 2024, at 11:00 AM (UTC) to May 29, 2024, at 11:00 AM (UTC). During this period, users can participate in the VET deposit pool worth $12,500 and the VET new user trading pool also worth $12,500. Participants must reportedly complete VET deposit and trading tasks to qualify for these rewards.

Second, the VET X Giveaway is scheduled from May 20, 2024, at 11:00 AM (UTC) to May 30, 2024, at 11:00 AM (UTC). According to Bitget’s announcement, users need to follow Bitget and VeChain on X to participate. Participants must deposit and trade VET on Bitget and complete the registration form in the giveaway post. A total of 850 qualified users will be selected randomly to win $15 worth of VET each.

Analysts Predict VET Price Surge

Prior to this listing, market analysts have expressed optimistic predictions for VeChain. According to Crypto market analyst Ali Martinez, VeChain could see a price increase, potentially reaching $0.60. This prediction is based on the emergence of fractal patterns on the 1-month chart, which previously indicated substantial growth.

Historically, VeChain has shown similar patterns, as observed from Q4 2018, leading to price increases over 19 months. Despite a recent decline, with VET trading at $0.03425—down 34.6% from its yearly peak and 87.8% from its all-time high—analysts believe a bullish trend is imminent.