VeChain
$0.24236 38.03%
VET · 1w

VeChain on the cusp of a parabolic rally? Analyst responds

In a poll conducted via Real Vision’s Twitter handle, an overwhelming majority has voted that VeChain (VET) is the most undervalued cryptocurrency on the market. With 140,000 users participating and 65.8% of the votes in favor, VET prevailed over Hedera Hashgraph (HBAR) and Ravencoin (RVN).

An analyst called “VeChain Justin” added the poll results to his bullish case on this cryptocurrency. VeChain’s community is in the process of voting to modify or maintain transaction fees on the blockchain VeChainThor.

The analyst believes that the results of this vote will favor fee reduction, cost optimization for corporations operating on the blockchain and consequently, there will be an increase in VET adoption during 2021. VeChain Justin said:

I am extremely bullish on VeChain. More than ever before because of the vote to reduce base gas price. Understand or get left behind. Because the bulls are repeating on deaf ears. All paths point to mass adoption. We moon in 2021. 100%. Zero doubt.

VeChain Foundation has made an update on the voting process that will conclude in a few days. So far, more than 800 nodes have voted on the VeVote platform. With 525 votes and 73.39%, the majority favoring the reduction of fees to 1% of the current price, 1e13 wei.

Almost 800 nodes have casted their votes regarding the reduction in VeChainThor's Base Gas Price! This VeVote is a very important process that will determine the future of VeChain for all stakeholders. Let's build this future together & vote now! $VTHOhttps://t.co/hXEhuGyAGM pic.twitter.com/V8TMOCLMfs — VeChain Foundation (@vechainofficial) April 1, 2021 VeChain tracking Cardano’s (ADA) price?

VET is currently trading at $0.09 with gains of 3.9% on the weekly chart. In the last week, VET’s price has seen a 15% increase and an impressive 112% on the monthly chart. Over the year, the cryptocurrency is up over 2,800%.

VET with moderate gains in the 24-hour chart. Source: VETUSDT Tradi...
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VET +38.03% · twitter.com · 15h

Noice

Stay tuned! https://t.co/McO3FJcFDr— VeChain Foundation (@vechainofficial) April 16, 2021