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- VeChain’s governance revisions, aimed at improving tokenomics and staking, have fueled investor confidence.
- Rising RSI, a MACD bullish crossover, and widening Bollinger Bands signal strong upward momentum for VET price.
VeChain continues to make huge inroads into its European expansion with the projected launch of the Renaissance project during July 2025. Further, the company has obtained a MiCAR license, setting it up to serve European businesses. This regulatory permission is a giant leap in the growth of VeChain, making its blockchain solutions more widely adopted throughout the continent.
VeChain Price Shows Strong Momentum
VeChain’s governance structure is also in the process of making crucial revisions during the second quarter, designed to improve tokenomics and staking processes. These changes should yield long-term advantages for both investors and members of the network, supporting the ecosystem’s stability and growth capacity.
The public announcement of these strategic developments by well-known crypto analyst Michaël van de Poppe on April 1, 2025, prompted a swift market response. In a span of two hours, VeChain’s native crypto, VET, rose by 8.24%, from $0.085 at 10:00 AM UTC to $0.092 at 12:00 PM UTC. The rise was followed by a significant increase in trading volume, with the volume rising from 1.2 billion VET to 2.5 billion VET in the same time frame. This reflects increased investor demand and liquidity, as mentioned in our previous story.
The VET/BTC trading pair saw significant action, recording a 7.5% uptick. At 10:00 AM UTC, VET was at 0.0000015 BTC, which peaked at 0.00000161 BTC at midday. On-chain action reflected this positivity, with active wallet addresses going up from 10,000 to 11,500, a 15% increase.
Investor Interest Surges For VET
Traders also expressed strong demand for VET/USDT trades, with Binance volume jumping from 150 million USDT to 300 million USDT within a two-hour period. Likewise, the VET/ETH pair saw a 6.8% spike, climbing from 0.00025 ETH to 0.000267 ETH. The positive momentum carried over to several trading platforms, with Huobi experiencing a two-fold increase in VET/USDT volume from 100 million USDT to 200 million USDT.
Technical indicators supported the underlying bullish trend. The Relative Strength Index (RSI) moved from 60 to 72, highlighting the rising buying pressure. The Moving Average Convergence Divergence (MACD) indicator had indicated a bullish crossover at 11:00 AM UTC, further affirming the underlying uptrend. Furthermore, Bollinger Bands had shown widening, reflecting high volatility and scope for further price rise.
On-chain metrics also confirmed the expanding traction of the network. The average transaction value rose by 10%, from $500 to $550, and the number of transactions per day grew by 20%, jumping from 50,000 to 60,000.
Although VeChain itself has not been directly associated with AI-related advancements, general market trends in AI-based trading are affecting its performance. A recent launch of an AI trading platform caused a 5% increase in top AI token volumes, indirectly affecting VET via market-wide sentiment changes.
Analysts noted a moderate positive correlation of 0.65 between VET and AI tokens in the last month. This suggests that AI-based market movements may lead to future trading opportunities for VeChain investors.
