- Vechain has achieved key milestones by obtaining a MICAR license and has placed itself as one of the first enterprise-grade blockchains.
- Vechain’s Veterinary token price has increased by 7.5% to exceed $0.02675 and its market capitalization exceeds $2.3 billion.
The enterprise-grade layer-1 blockchain network Vechain has achieved a strong milestone with 520% growth in development activities. As a result, it surpassed some of the top blockchain networks such as BNB Chain, Algorand, Hedera and Multisimple.
Source: Chain Broker
The demand for Vechene among Wall Street players is also increasing! With global regulations increasingly tightened, financial institutions face pressure to provide transparent, auditable data. The Vechain Compliance-focused blockchain allows for a transition to accountability = “_blank” rel = “noopener” highlighted in previous reports.
Meanwhile, Vechain has reached a significant regulatory milestone by obtaining a MICAR (Marriage of Crypto-Assets Regulation) license. This achievement positions VeChain as one of the first enterprise-centric blockchains to comply with the European Union’s new cryptocurrency regulations.
Vechain is attracting attention for its “StartGate” protocol update
Popular Crypto analyst Michaël Van De Poppe highlights the growing momentum of Vechain as the platform approaches the launch of the highly anticipated “Stargate” protocol update.
The Stargate upgrade illustrates a crucial step in Vechain’s “renaissance” phase, aimed at promoting network scalability, governance and interoperability. An important feature of the update is, as mentioned earlier, an improved staking model that changes the distribution of VTHO tokens in VET owners and validators.
According to Michael Van de Poppe, a notable development for Vechain is the appointment of UFC president Dana White to the advisory board. This strategic addition brings globally recognized people with a major brand impact on the blockchain ecosystem.
Veterinary price action first
Amid the recovery in the broader crypto market, Vechain (VET) prices have skyrocketed 7.5% today, trading at $0.02675, with a market capitalization of over $2.3 billion. Additionally, daily veterinarian trading volumes have increased by 34% to over $50 million. Additionally, veterinarian public interest rose 11.4%, surged beyond $74 million, highlighting strong trader profits, according to Coinglass data.
According to a technical analysis by Michael Van de Poppe, Vechine is held strongly at a critical historical level of support. This chart highlights the green zone marked as “higher time frame support level test.”
Source: Michael Van de Poppe
This zone continues to function as a reliable accumulation area. Additionally, dashed resistance lines around $0.070 mark the price level in which previous upward rejections occurred, indicating a potential retest.
In addition to these structural patterns, the relative strength index (RSI) remains near 50, suggesting neutral momentum with the possibility of upward movement.
