VeChain is at an important technical stage, testing the $0.02 support level, while its VeBetter apps demonstrate significant user growth.
Critical VeChain Support Level
The current price of VeChain (VET) is showing an important market moment, testing the support level of $0.021. Analysts note that the $0.02 level is critical, as closing below it could invalidate the current bullish trend. Currently, VET is trading at $0.02158, showing a slight 0.25% increase for the day.
User Growth in VeBetter Apps
VeChain reports significant growth in the user base of its VeBetter applications. Both the Mugshot and Greencart apps, built on the VeChainThor platform, now boast over 1 million users each, reflecting the increasing popularity of the ecosystem. Greencart recently reached this milestone, following Mugshot's earlier achievement.
VeChain's Web3 Strategy
VeChain is developing a Web3 strategy aimed at linking real-world behavior with blockchain data, providing useful applications beyond speculation. The company aims to develop blockchain applications that engage large user bases through measurable sustainability.
Current developments around VeChain highlight both the risks and opportunities for the blockchain infrastructure, focusing on maintaining key price support levels and expanding the user base.
