VeChain Price Update: VET Declines 1.8% Following Hayabusa Upgrade Launch
Current Price Trend: VeChain's $VET price has dropped to $0.01239, reflecting a 1.8% decrease in the last 24 hours, with traders monitoring a critical support level around $0.012 as the market trend remains downward since October.
Hayabusa Upgrade: The recent Hayabusa upgrade introduces a Delegated Proof-of-Stake (DPoS) system to VeChain, enhancing decentralization, security, and tokenomics, while also reducing $VTHO generation for improved efficiency.
Market Outlook: Despite the ongoing downward trend, the Hayabusa upgrade is seen as a potential turning point for VeChain, laying a stronger foundation for future growth and adoption.
Future Developments: VeChain plans to launch the "Interstellar" update and support JSON RPC, which will further enhance the network's capabilities and provide more flexibility for developers.
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