VeChain’s Next Chapter: ‘VeChain Renaissance’ Brings Fresh Tokenomics & Utility
- VeChain Renaissance revamps tokenomics and expands real-world use cases for VET.
- VET price surged 5%, trading volume spiked 30%, and active addresses increased 20%.
- Bullish indicators suggest further growth as VeChain strengthens adoption and market confidence rises.
On March 5, 2025, VeChain Blockchain announced VeChain Renaissance, a plan to reshape tokenomics and expand real-world applications for VET tokens. This major update sparked a strong market reaction. VET’s price jumped 5% to $0.12. Trading volume surged by 30% in the first hour. Investors rushed in, signaling fresh confidence in VeChain’s future.
Massive Market Reaction
The VeChain Renaissance update set off a wave of excitement. VET climbed from $0.114 to $0.12 within minutes. The quick price jump showed strong demand. Trading volume skyrocketed to 100 million VET in the first hour. More traders joined the action, pushing prices higher. Other tokens in the VeChain ecosystem also gained. VeThor (VTHO) rose 3% to $0.004. The VET/BTC pair increased by 4.5%, while VET/ETH jumped 4.8%. On-chain activity spiked. The number of active addresses rose by 20%, reaching 120,000. More wallets interacting with VET signaled rising adoption.
A New Era for VeChain
Technical indicators pointed to further gains. The Relative Strength Index hit 62, leaving room for more price movement. The Moving Average Convergence Divergence (MACD) flashed a bullish signal. A strong uptrend was forming. Trading volume continued rising, reaching 120 million VET.
VeChain Renaissance brings a fresh vision for blockchain adoption. Stronger tokenomics could drive long-term value. New use cases promise deeper integration with global businesses. VeChain aims to strengthen its role in supply chain technology and enterprise solutions.
The broader crypto market felt the impact of recent AI developments. NVIDIA’s latest AI chip announcement sent SingularityNET (AGIX) soaring 10% to $0.55. However, VeChain’s rise came from real changes in tokenomics and utility. VeChain Renaissance has ignited fresh energy across the ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How crypto’s evolving with fundamentals
SKALE’s Jack O’Holleran said that certain metrics are becoming more important to gauging the success of a project
Rough dollar performance and Treasury market selloff close out a tumultuous week
The dollar index is down 3.7% today from Wednesday, and consumer sentiment fell to lower than expected
Solana stablecoins have been ‘stickier than anticipated’
The stickiness could be the result of bear market conditions where users are swapping out of riskier tokens to hold stablecoins on Solana apps instead, a Blockworks Research analyst said
Qubetics Delivers 536% ROI at $1—Best Cheap Crypto to Buy Now as Chainlink Drops 2.85% and Ondo Faces Market Doubts
Discover the latest updates on Qubetics, Ondo, and Chainlink. Find out why these are the best cheap crypto to buy now and hold for the long term in.Qubetics: Unlocking Real-World Interoperability$500 Now, $19,000 Later—This Isn’t a Dream, It’s a WindowOndo: Navigating the Challenges of Blockchain AdoptionChainlink: Paving the Way for Data Integrity in DeFiConclusion: Why These Projects Matter Now More Than EverFor More Information:

Trending news
MoreCrypto prices
More








