VET Pumps Almost 12% Over Last 7 Days, VeChain’s Strong Ecosystem Features Points at Larger Pump Ahead
- Bitcoin’s steady rise allows altcoins like VET to follow its bullish path ahead.
- VeChain’s improved ecosystem could lead to a much larger pump than expected.
- Analyst walks new VET holders through the many intricacies of the VeChain ecosystem.
Altcoins continue their steady rally alongside Bitcoin’s bullish sideways movements. With Bitcoin having claimed the $65,000 mark, analysts expect higher highs to unfold as we head into Q4 of 2024. This could also usher in altseason which will take many altcoins to new ATHs. In particular, many altcoins are all reacting bullishly.
Altcoin price charts are already printing bullish signals from the golden cross, cup and handle, and invested head and shoulders patterns, ADA, SHIB, DOGE, XRP, JASMY and many other cryptocurrencies are heavily bullish before Q4. In particular, VeChain (VET) has already begun to pump in price.
VeChain Pumps Due to Strong System Features
According to CoinMarketCap analytics, the asset has been up by almost 12% over the last 7 days. One VeChain enthusiast shares a long detailed understanding of an element of the VeChain ecosystem to help new VET holders understand the significance of the ecosystem’s structure and how this will keep the platform sustainable for the long run.
VeChain Nodes: The Pillars of #VeBetterDAO’s ecosystem 🌍
In the world of VeBetterDAO, X-nodes and economy nodes aren’t just passive participants—they are the pillars that hold the entire system together. These nodes play a positive, vital role in promoting sustainability and…
— rollingleaves (@rollingleaves55) September 25, 2024
He begins by explaining X-nodes and economy nodes and how they are the driving force behind sustainability and innovation. These nodes play two crucial roles, ensuring that new applications thrive and the system remains decentralized.
Understanding X-Nodes and Economy Nodes
X-nodes and economy nodes offer tangible benefits to their holders. A key perk is the ability to mint exclusive Galaxy Member NFTs (GM NFTs) based on node level. Higher-level nodes unlock greater rewards and increased influence in governance voting rounds, allowing node holders to have a more significant say in VeBetterDAO’s future, along with financial benefits.
Beyond their voting power, X-nodes are vital for onboarding new applications to the VeBetterDAO platform. They act as gatekeepers and nurturers, ensuring that new projects align with the ecosystem’s mission of sustainability. These nodes also offer support by sponsoring operational costs like gas fees, creating a win-win scenario where new apps focus on innovation while X-nodes earn BetterTokens in return.
By promoting transparency and sustainability, X-nodes help shape the future of VeBetterDAO. Their role in reviewing and endorsing new projects ensures that the ecosystem remains aligned with its mission while enabling growth and collaboration.
