VeChain (VET) user base strengthens as nearly 160K addresses join

November 23, 2023 04:49 AM PST | By Invezz

VeChain (VET) user base strengthens as nearly 160K addresses join

Coinbase Learn program boosting VeChain adoption

The initiative by the exchange Coinbase to educate players about different assets in the cryptocurrency market has been crucial for VeChain’s uptick in new addresses.

VeChain has capitalized on the program to present its achievements and distinct features to a broader audience of prospective users and crypto fans. The blockchain rewards participants who complete various challenges with native coin VET. That incentivizes users to explore the VeChain network.

VET price outlook

VeChain exhibited an upside stance during this publication. The altcoin gained more than 4.30% over the past day to $0.02113.

VET likely mirrors the improved market mood as Bitcoin teases a break beyond the $38K, which will potentially welcome stable uptrends past $40K. Meanwhile, analysts support uptrend continuation for BTC and altcoins.

The next run on #Altcoins is currently loading up.

The significance of a spot #Bitcoin ETF is large and given the recent news items, the odds of an approval are increasing, so coming weeks are most likely continuing the upwards momentum.

We're in a bull cycle.
— Michaël van de Poppe (@CryptoMichNL) November 23, 2023

Michael van de Poppe trusts ‘we’re in a bull cycle, and altcoins are loading up, readying for stable surges. He believes the coming weeks are crucial for the market as enthusiasts await spot BTC ETF approval.

In that context, VeChain remains poised for rallies, and its latest involvements in learning programs show its dedication to ensuring awareness while increasing its followers.

Moreover, the project continues venture into different industries, including logistics, as evolves and grow, providing diverse opportunities to participants.

The post VeChain (VET) user base strengthens as nearly 160K addresses join appeared first on Invezz

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