- 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.
Bonjour Paris 🇫🇷!
CEO @sunshinelu24 will be speaking at the Paris Blockchain Week 2024 at the Carrousel du Louvre.
Join us to hear about our efforts to create a sustainable world and bring real-world use cases to Web3. #PBW2024https://t.co/H3PM0Pl1tL
— vechain (@vechainofficial) March 21, 2024
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.
#VET Triple Bottom: Cloning Pattern ($1.6)🚀
I've applied the cloning technique to a previous cycle's blue arrow pattern, and the current price action suggests that #VET may be gearing up for some exciting moves.
The pattern indicates a potential rise to 0.115c, followed by a… pic.twitter.com/ujfjtmjQPn
— EGRAG CRYPTO (@egragcrypto) March 22, 2024
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.