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VeChain Prepares for Paris Blockchain Week 2024: CEO Sunny Lu to Headline Event”

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  • In 2024, VeChain is expected to reveal something significant during Paris Blockchain Week, which has the VeFam community excited.
  • VeChain has received mixed reviews following its earlier releases, but its most recent successes and upbeat predictions from analysts like EGRAG CRYPTO demonstrate the platform’s growth potential.

The VeChain community, sometimes referred to as the VeFam, is excited about a big surprise that was recently hinted at by the official VeChain account. This tease builds excitement for the forthcoming Paris Blockchain Week, in line with VeChain’s history of making big announcements at prestigious events.

Previous Announcements from VeChain: A Mixed Bag

Previous announcements by VeChain, such as the launch of VeBetterDAO and the coins B3TR and VOT3, demonstrated the company’s commitment to decentralization and sustainability. However, the community has diverse sentiments as a result of these announcements’ varying effects on VeChain’s native tokens, VET and VTHO.

VeChain has celebrated a number of accomplishments, including strategic alliances and educational programs, ahead of Paris Blockchain Week.

Antonio Senatore, the CTO of VeChain, notably led a session in Belfast that showcased the platform’s potential for widespread adoption, emphasizing fee delegation and quick transactions. CEO Sunny Lu also gave a contribution, describing VeChain’s objective of facilitating effective blockchain-based partnerships.

Bullish Prediction from EGRAG CRYPTO

The anticipation is increased by the prediction of an upward trend for VET by cryptocurrency analyst EGRAG CRYPTO from X, who has suggested a possible price objective of $1.6. EGRAG identified patterns such as the triple bottom formation between 2018 and 2020 by using historical price chart analysis, which suggests that VET may see a large rally.

He notes that these projections are theoretical and speculates that VET may increase to $0.115, decline to $0.035, and then even leap to $1.06.

VeChain’s past performance and recent advancements, including the introduction of the VeChain DLT and the B3TR and VOT3 tokens, which may facilitate VeChain’s expansion, as previously reported by ETHNews, support EGRAG’s prediction.

At press time, the VET price has risen in the last 24 hours and 7 days by 2.90% and 4.24%, bringing it to $0,043.

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Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628