This Altcoin Is Shining With Its Performance: Will The Rise Continue?

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VeChain (VET) aims to end February in a spectacular way. According to CoinMarketCap data, VET increased by 4.05% to $0.05051 in the last 24 hours. Over the past month, VET has surged more than 80%, the highest monthly close recorded since its entry into the mainnet market in 2018.

Consolidating Milestone

VeChain announced the launch of VeBetterDAO, taking an important step to strengthen its sustainability mission. This protocol will provide a platform specifically designed to promote sustainable innovations. VeChain’s update stated that VeBetterDAO will be a catalyst to revitalize the cross-industry sustainable decentralized application (dApp) ecosystem. VeBetterDAO will incentivize users and is seen as a follow-up to the Web3 for Better Whitepaper announced last year in collaboration with Boston Consulting Group (BCG). This new platform stands out as a groundbreaking step in the field of sustainability. turns out.

altcoinannounced that it will launch two new tokens, $B3TR and $VOT3, to create an autonomous operational model for the new platform. VeBetterDAO’s testnet launch will begin by airdropping the $B3TR token to early participants. This step is a continuation of the important innovations and partnerships VeChain has made over the past few years to increase its impact in the world of sustainability.

Will VeChain Retest ATH?

With the resurgence of investor interest in VeChain over the past few months, the protocol has risen significantly. This rise breaks the best monthly closing date, increasing the possibility of VeChain retesting its previous all-time high at $0.2782 (ATH). However, while the coin’s current valuation is far from that level, Bitcoin’s rise to the $60,000 level could trigger the potential for unprecedented price volatility for VET. This could benefit VeChain in the long run.

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