Can VeChain's VeBetterDAO End VET Price Crash?

Highlights

VeChain is betting big on asset tokenization with new developer features in VeBetterDAO.
A 50% drop from VET’s Q1 peak implies dominant selling pressure.
A descending channel support at $0.025 could call for new entries as traders bet on a trend reversal.

The cryptocurrency market is struggling to grasp stability after Ethereum ETFs launched amid immense liquidity. VET price like majors Bitcoin, ETH, and Solana faces multiple trend-determining factors including supply, demand, and a potential trend reversal.

On the other hand, traders seem unsettled while scheming for potential entries, considering VeChain price correction from its Q1 peak of $0.055. A modest 0.06% increase in the futures market open interest may not be enough to turn the tables around for VET.
However, considering the ongoing developments in the ecosystem, VET might finally find a major price catalyst.

A Look Into VeChain’s VeBetterDAO Protocol

VeChain’s development team launched the groundbreaking VeBetterDAO; a decentralized app marketplace designed to support sustainable assets through tokenization.

The products target NGOs, enterprises, and individuals who wish to tokenize their sustainable actions. VeBetterDAO functions on a DAO principle implying that governance is in the hands of the community which holds 100% of the power.

However, VeBetterDAO is much bigger than tokenization and governance, especially with the protocol’s newly launched developer-centered features such as adding new apps, and a testnet environment.

The developer experience at VeBetterDAO just got a huge upgrade with the addition of a new ‘Developer Guides’ section to the platform’s docs!

>🔗 https://t.co/p5GlDcsFKG

New features and resources include:

– How to add apps to VeBetterDAOhttps://t.co/sEALYS2ceC

– Integration… pic.twitter.com/R9leZ0oRND

— VeChain (@vechainofficial) July 23, 2024

The reward system allows users interacting with applications on VeBetterDAO to earn B3TR tokens. Using sustainable apps, voting on governance proposals, and contributing to community discussions will see users increase their B3TR earnings.

Mixed Signals As VET Price Slides

A long-term descending channel reinforces VET’s downtrend. Attempts to break above this confinement have frequently resulted in a lower high and lower low pattern.

VET’s position below the three key Exponential Moving Averages (EMA)—the 20-day, 50-day, and 200-day shows the correction may continue.

A sell signal validated by the Moving Average Convergence Divergence (MACD) appends the deteriorating technical structure.

Traders can anticipate VET to face rejection at any of the moving averages as shown on the daily chart and the channel’s upper boundary.

Should VET slide further down to $0.025, traders may consider taking a swipe at lower-priced entries in the process creating liquidity for a sustainable trend reversal.

Based on the technical outlook, it might pay in the long run to wait for a second confirmation of the uptrend with VET price rising from the channel. Following such a breakout, VET would have a stronger tailwind to push for new milestones including its Q1 peak.

Frequently Asked Questions (FAQs)

1. What’s VeChain’s VeBetterDAO protocol?

VeBetter is an app marketplace for sustainable assets and actions.

2. How can users earn B3TR tokens?

Users can earn B3TR tokens by interacting with apps on VeBetterDAO, voting on governance proposals and contributing to community discussions.

3. After a 50% correction VET’s Q1 peak of $0.055, is there a chance for a major recovery?

A trend reversal is likely, bolstered by increasing network development and the general crypto market sentiment flipping bullish.

TAGS
VeChain

Trending
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

John Isige

John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.