VeChain’s VET Token Positive aspects Momentum as New DAO and Options Launch

• VET has damaged out of a falling channel with eight consecutive bullish candles.
• The altcoin is presently retesting earlier resistance ranges as assist. 
• Notable upgrades to the VeBetterDAO and a rewards program would possibly push VET greater.

VET, the native token of VeChain, an enterprise-grade L1 sensible contract platform launched in 2015, is increasing its decentralized software choices by way of its new platform, VeBetterDAO. The decentralized autonomous group (DAO) boasts new options designed to onboard the following billion customers to the Web3 area.

In line with a technical evaluation of VET’s value motion posted on X (previously Twitter) by “Crypto Yapper,” the altcoin broke out of a falling channel in mid-July with eight consecutive inexperienced each day candles, demonstrating spectacular efficiency. As per the evaluation, a pullback may be seen as a result of VET is presently retesting the earlier resistance as assist.

You will need to notice that the neighborhood performs a serious function within the governance of VeBetterDAO, which targets NGOs, enterprises, and people eager about getting into the tokenization trade. Nevertheless, the protocol’s scope has expanded past governanc…

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