{"id":224971,"date":"2024-01-06T21:31:02","date_gmt":"2024-01-06T16:01:02","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-2m-transactions-boost-vets-market-growth-crypto-news\/"},"modified":"2024-01-06T21:31:05","modified_gmt":"2024-01-06T16:01:05","slug":"will-2m-transactions-boost-vets-market-growth-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-2m-transactions-boost-vets-market-growth-crypto-news\/","title":{"rendered":"Will 2M Transactions Boost VET&#8217;s Market Growth? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-172633\">\n<p>\nVeChain&#8217;s BCG partnership and transaction surge may redefine its market position and price trajectory in the blockchain space\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"678\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/u6TJXBVa-e1704554818506.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"VET Price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">  Published 21 mins ago <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/vechain-vet\/\">VeChain price<\/a> movements have been fluctuating within an ascending triangle pattern, indicating a period of consolidation for traders. Recently, the price has oscillated between $0.037 and $0.029, with bears appearing to have the upper hand. Despite this short-term bearish trend, VeChain has experienced a notable surge over the past month, increasing by more than 16%. This suggests a potential underlying strength in the VET market, hinting at a possibility for future gains.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<figure id=\"attachment_172634\" aria-describedby=\"caption-attachment-172634\" style=\"width: 1224px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-172634\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Source: TradingView\" width=\"1224\" height=\"643\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/photo_5822342990734144041_w-1224x643.jpg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/photo_5822342990734144041_w-300x158.jpg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/photo_5822342990734144041_w-768x403.jpg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/photo_5822342990734144041_w-1536x807.jpg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/photo_5822342990734144041_w-150x79.jpg 150w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/photo_5822342990734144041_w.jpg 1814w\" data-lazy-sizes=\"(max-width: 1224px) 100vw, 1224px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/photo_5822342990734144041_w-1224x643.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-172634\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/photo_5822342990734144041_w-1224x643.jpg\" alt=\"Source: TradingView\" width=\"1224\" height=\"643\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/photo_5822342990734144041_w-1224x643.jpg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/photo_5822342990734144041_w-300x158.jpg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/photo_5822342990734144041_w-768x403.jpg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/photo_5822342990734144041_w-1536x807.jpg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/photo_5822342990734144041_w-150x79.jpg 150w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/photo_5822342990734144041_w.jpg 1814w\" sizes=\"auto, (max-width: 1224px) 100vw, 1224px\"\/><\/noscript><figcaption id=\"caption-attachment-172634\" class=\"wp-caption-text\"><span style=\"font-weight: 400;\">Source: <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/HTegqBKW\/\"><span style=\"font-weight: 400;\">TradingView<\/span><\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">VeChain (VET) is trading at $0.02932 as of this writing, reflecting a 6% decrease over the past 24 hours. Despite the recent bearish trend in the market, there are emerging signs of a reversal, as buying pressure appears to be mounting. A significant increase in trading volume, now at $53 million, points to heightened interest and activity in the VET market. Furthermore, VeChain\u2019s current market capitalization is valued at $2.12 billion, indicating a robust presence in the cryptocurrency market.<\/span><\/p>\n<h2><strong>VeChain\u2019s Strategic Move with Boston Consulting Group<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">VeChain price prediction becomes particularly intriguing with its recent partnership with the Boston Consulting Group (BCG). This collaboration marks a significant stride in integrating blockchain technology with environmental sustainability. VeChain\u2019s venture into Environmental, Social, and Governance (ESG) principles through this partnership is a milestone in blockchain\u2019s application beyond finance and a strong commitment to eco-friendly initiatives.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\ude80 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/VeChainThor?src=hash&#038;ref_src=twsrc%5Etfw\">#VeChainThor<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&#038;ref_src=twsrc%5Etfw\">#blockchain<\/a> smashes records with over 2,000,000 transactions! \ud83c\udf10<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Walmart?src=hash&#038;ref_src=twsrc%5Etfw\">#Walmart<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/DBSchenker?src=hash&#038;ref_src=twsrc%5Etfw\">#DBSchenker<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BMW?src=hash&#038;ref_src=twsrc%5Etfw\">#BMW<\/a>, Deloitte, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/DNV?src=hash&#038;ref_src=twsrc%5Etfw\">#DNV<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/PwC?src=hash&#038;ref_src=twsrc%5Etfw\">#PwC<\/a>, and more are driving real-world solutions on this blockchain powerhouse\ud83d\udcc8 \ud83d\udca5<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/VeChain?src=hash&#038;ref_src=twsrc%5Etfw\">#VeChain<\/a> (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/VET?src=hash&#038;ref_src=twsrc%5Etfw\">#VET<\/a>) price will react, but this will take more time, as\u2026 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/XqtYaIIMXX\">pic.twitter.com\/XqtYaIIMXX<\/a><\/p>\n<p>\u2014 Marcel Knobloch aka Collin Brown (@CollinBrownXRP) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CollinBrownXRP\/status\/1743198332879564864?ref_src=twsrc%5Etfw\">January 5, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The VeChainThor blockchain has achieved a remarkable milestone with over 2 million transactions, demonstrating its robust capacity. This feat is further amplified by its association with global giants like Walmart, DB Schenker, BMW, Deloitte, DNV, and PwC. These collaborations underscore VeChain\u2019s role in driving real-world blockchain applications. While the immediate impact on VeChain price is gradual, the expanding ecosystem hints at long-term growth prospects.<\/span><\/p>\n<h2><strong>VeChain Price Dynamics and Technical Indicators\u00a0<\/strong><\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">If the bulls maintain control and keep the VET price above the $0.0300 support level, there\u2019s a likelihood of momentum gaining, pushing the price to test its $0.03500 resistance level. Holding at this level could set the stage for a further jump to the $0.0400 mark in the foreseeable future. <\/span><span style=\"font-weight: 400;\">Conversely, if bearish trends prevail, the VeChain price might break through its current support level, heading towards a lower support level of $0.02500.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Moving Average Convergence Divergence (MACD) currently shows a horizontal trend, indicating a balance in buying and selling pressures. However, the bearish convergence in averages may signal a potential loss of momentum. Additionally, a Death Cross in the Cross EMA 50\/200 Day points to a strong short-term bearish influence in the market.<\/span><\/p>\n<figure id=\"attachment_172635\" aria-describedby=\"caption-attachment-172635\" style=\"width: 1133px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-172635\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"VET\/USD daily price chart: TradingView\" width=\"1133\" height=\"688\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/vet-chart.png 1133w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/vet-chart-300x182.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/vet-chart-768x466.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/vet-chart-150x91.png 150w\" data-lazy-sizes=\"(max-width: 1133px) 100vw, 1133px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/vet-chart.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-172635\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/vet-chart.png\" alt=\"VET\/USD daily price chart: TradingView\" width=\"1133\" height=\"688\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/vet-chart.png 1133w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/vet-chart-300x182.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/vet-chart-768x466.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/vet-chart-150x91.png 150w\" sizes=\"auto, (max-width: 1133px) 100vw, 1133px\"\/><\/noscript><figcaption id=\"caption-attachment-172635\" class=\"wp-caption-text\"><span style=\"font-weight: 400;\">VET\/USD daily price chart: <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/YgGk5lSa\/?symbol=BINANCE%3AVETUSD\"><span style=\"font-weight: 400;\">TradingView<\/span><\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">RSI<\/a>) on the daily chart hints at a neutral level, moving towards bullish territory. This could be a positive sign for investors. However, the resistance faced by VET at the 20-day EMA since its drop from $0.032 suggests challenges ahead in breaking this barrier, keeping the possibility of a further decline open.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">Read also<\/span><\/p>\n<p><noscript><link rel=\"stylesheet\" id=\"quads-style-css-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/quick-adsense-reloaded\/includes\/gutenberg\/dist\/blocks.style.build.css?ver=2.0.72.1\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"dscf7-math-captcha-style-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/ds-cf7-math-captcha\/assets\/css\/style.css?ver=6.3.2\" type=\"text\/css\" media=\"1\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"parent-style-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/mh-magazine\/style.css?ver=1704455680\" type=\"text\/css\" media=\"all\"\/><link 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                                                            \n                                       <\/div>\n\n \n--><\/p>\n<p>CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD172633\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>VeChain&#8217;s BCG partnership and transaction surge may redefine its market position and price trajectory in the blockchain space Published 21 mins ago The VeChain price movements have been fluctuating within an ascending triangle pattern, indicating a period of consolidation for traders. Recently, the price has oscillated between $0.037 and $0.029, with bears appearing to have [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":224972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-224971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/224971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=224971"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/224971\/revisions"}],"predecessor-version":[{"id":224973,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/224971\/revisions\/224973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/224972"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=224971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=224971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=224971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}