VeChain's Hayabusa Sparks Optimism: 5 Indicators Driving VET's Upcoming Cycle

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2d ago

Hayabusa Upgrade Launch: VeChain has successfully launched its Hayabusa upgrade, introducing Stargate 2.0, which reduces VTHO inflation and enhances staking rewards, promoting a more decentralized and secure network.
Price and Accumulation Potential: The VET price has formed a double bottom at cycle lows, indicating strong accumulation potential, with breakout targets reaching up to $0.0804 as market sentiment shifts.
Strengthened Fundamentals: The upgrade aligns with VeChain's goal to integrate blockchain into real-world applications like supply chain management, despite a significant price correction that presents a prime accumulation opportunity.
Technical Analysis and Market Position: Recent trading patterns suggest a structural trend reversal for VET, with potential price targets supported by increased trading volume and institutional interest, positioning VeChain favorably in the evolving blockchain landscape.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

VeChain's Hayabusa Sparks Optimism: 5 Indicators Driving VET's Upcoming Cycle

About the author

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