- VeChain’s new roadmap highlighted the deliberate updates for 2023-24.
- Metrics and market indicators had been bullish for the token.
VeChain [VET] just lately posted its new roadmap for 2023–2024, highlighting all of the deliberate updates which might be going to occur over the approaching months. The roadmap appeared optimistic for VeChain, because it recommended that the community has an extended technique to go on this new 12 months.
Antonio & the #VeChain Basis dev group have a full roadmap for 2023/2024!
— VeChain Basis (@vechainofficial) January 14, 2023
Just a few of the key updates embrace the deliberate launch of a pockets for the ecosystem and NFT market within the first half of 2023.
VeChain revealed that within the second half of this 12 months, the group might be engaged on product NFT for the metaverse and tokenization for sustainability.
The roadmap additionally talked about that within the first quarter of the subsequent 12 months, they are going to be engaged on the algorithmic stablecoins group and DAO working system.
Learn VeChain’s [VET] Worth Prediction 2023-24
A lot achieved in 2022
Whereas the way in which ahead seems promising for the community, the final 12 months additionally remained fairly taking place. As an example, in 2022, new addresses reached 304,355.
The annual complete transactions crossed 12.9 million, and the variety of NFT transactions reached 2.7 million. VeChain additionally remained residence to over 50 NFT initiatives over the past 12 months. Along with that, the variety of exchanges that listed VET reached 42.
$VET to take over in 2023!
👉 Like & retweet, for those who agree! pic.twitter.com/644g9iNWYo
— TheBlockchainMedia (@THECHAINMEDIA) January 13, 2023
These developments that occurred final 12 months affected VET on its metrics entrance as nicely. During the last month, VET’s social quantity remained up, reflecting the community’s recognition.
There was additionally a spike in VET’s Binance funding fee just lately, which confirmed its elevated demand within the derivatives market. Nonetheless, a destructive sign was that the community’s growth exercise registered a lower. However now, with the brand new roadmap, it is extremely probably that the graph will go up.
How a lot are 1,10,100 VETs price right this moment
VET is rising
CoinMarketCap’s data revealed that VET registered over 24% weekly positive factors, and on the time of writing, it was buying and selling at $0.0205 with a market capitalization of greater than $1.4 billion.
VET’s each day chart additionally painted a bullish image, as many of the market indicators recommended a continued value hike. The Exponential Transferring Common (EMA) Ribbon displayed a bullish crossover.
The Bollinger Band revealed that VET’s value was getting into a excessive volatility zone, additional growing the probabilities of a surge. Nonetheless, the On Stability Quantity (OBV) registered a slight uptick, which was within the sellers’ favor.