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VeChain’s recent strides in sustainability have garnered significant attention, as the company’s innovative approaches continue to make waves. Through initiatives such as the groundbreaking ‘X-2-Earn’ program, VeChain is seamlessly integrating sustainability into the Web3 landscape, offering incentives for eco-friendly practices such as embracing electric vehicles and carbon offsetting.
Discover sustainability in action through ‘X-2-Earn’ experience with #VeChain! 🌱
— Marcel Knobloch aka Collin Brown (@CollinBrownXRP) March 2, 2024
Embrace EVs, carbon offsetting, and earn rewards for your daily expenditures. Fueled by Web3, this innovative concept transforms incentives. Envision its ripple effect across various sectors! #VET… pic.twitter.com/07ADz6F6Fl
The community’s enthusiasm for VeChain’s green initiatives is palpable, with discussions revolving around potential rewards for adopting solar energy, all-electric HVAC systems, and water heaters. These conversations reflect VeChain’s growing role in promoting clean energy and sustainability across various sectors, resonating with supporters globally.
At the highly anticipated Mobile World Congress (MWC) 2024, VeChain’s CEO Sunny Lu unveiled the VeBetterDAO initiative, further cementing the company’s commitment to sustainability. This ecosystem introduces two new tokens, VOT3 and B3TR, signaling VeChain’s dedication to advancing green initiatives.
Hear @sunshinelu24 from #MWC2024: We’ve collectively saved 3 million KGs of CO2, the equivalent of avoiding a thousand long-haul flights! Plus, conserving 9 million gallons of water. 💦
— vechain (@vechainofficial) March 2, 2024
Small, actionable efforts from everyone can have an impressive impact. pic.twitter.com/UTtXOVBe63
VeChain’s recent announcement comes with significant achievements, including the avoidance of 3 million kilograms of CO2 emissions and the conservation of 9 million gallons of water. These tangible impacts highlight VeChain’s proactive approach to reducing carbon footprints and promoting environmental responsibility, solidifying its leadership in driving substantive change within the blockchain and cryptocurrency sector.
Despite sparking varied reactions within the crypto community, with some expressing skepticism about VeChain’s shifted strategy, others are embracing the changes by acquainting themselves with VeChain’s revamped ecosystem and mission. This demonstrates a willingness among stakeholders to adapt to and support VeChain’s ongoing efforts towards sustainability and innovation.
Key VeChain’s Levels to watch
Throughout the latter half of the previous year, VETUSD experienced a notable absence of volatility, a trend particularly pronounced in the final quarter, which delineated a defined trading range. This consolidation phase was marked by remarkably low trading volumes, evident from the 24-Hour Volume indicator. Consequently, the Average Daily Range (ADR) remained minimal, reflecting the subdued market activity.
However, a significant shift occurred in February, marked by a notable uptick in both ADR and trading volumes. This surge aligns closely with the observed price action. VeChain witnessed a sudden and aggressive upward movement, breaching the resistance level of $0.0390 with large bullish candles dominating the charts. As a result, the next key liquidity pool around $0.0640 emerges as the immediate target according to prevailing crypto signals.
VeChain Key Levels
Demand Levels: $0.0390, $0.0190, $0.0150
Supply Levels: $0.0150, $0.0100, $0.0050
VET Metrics
Total Market Capitalization: $2.36T
VeChain Market Capitalization: $3.6B
VeChain Volume: $118M
VeChain Rank: 35
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