VeChain (VET) Price Analysis: Network Upgrade Drives 12% Daily Gain
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VeChain (VET) has seen a 12% rise in its price following a network upgrade, amounting to a 120% increase over the past month. This movement is part of the project's "VeChain Renaissance" initiative, which focuses on preparation for mass adoption. At present, VET is trading at $0.0585. CoinCodex's analysis predicts a slightly lower value of $0.057 by the end of 2024. However, other projections suggest VET could reach $0.063 by February 2025 and potentially as high as $0.14 by May. This shows a promising outlook for the cryptocurrency with the implementation of its strategic upgrades.
Source: blockonomi.com ↗
