VeChain ($VET) Enters What Analyst Bitcoin Ape Calls an “Attractive Accumulation Zone”
With price charts signaling a potential breakout, the blockchain network is making major moves that could define its future. The latest Galactica vote has set the stage for sweeping changes, making this a crucial time for traders and long-term holders.
The Galactica upgrade is the first phase of the VeChain Renaissance, a three-part transformation that will redefine the network’s fundamentals. It introduces four VeChain Improvement Proposals (VIPs), each aimed at improving scalability, efficiency, and interoperability.
The community-wide vote, which starts on February 24th via the VeVote platform, calls on Authority Masternodes, Economic Nodes, and X Nodes to participate in shaping VeChain’s next chapter. CEO Sunny Lu and R&D Head Alec Burns will address stakeholders in an AMA session on February 19th, ensuring the community understands the importance of these upgrades.
Ethereum-Like Fees & EVM Upgrade—What It Means
One of the most anticipated upgrades is VIP-251, which replaces VeChain’s fixed transaction fee model with a Dynamic Fee Market, mirroring Ethereum’s EIP-1559. This change adjusts base fees according to network demand, reducing spam attacks and improving overall efficiency. The move aligns VeChain with major blockchain networks and ensures long-term scalability.
VIP-242 enhances Ethereum Virtual Machine (EVM) compatibility, updating VeChainThor to match Ethereum’s Shanghai upgrade. This improvement allows developers to migrate applications seamlessly, expanding VeChain’s usability beyond its native ecosystem. These updates make VeChain more attractive for enterprise adoption, opening the door for greater cross-chain integration.
Additional technical refinements include VIP-252, which streamlines blockchain transactions with a typed transaction system, and VIP-250, which simplifies smart contract execution. Combined, these enhancements improve speed, efficiency, and developer accessibility, reinforcing VeChain’s position as a leading blockchain for enterprise solutions.
VET Nears Key Breakout Zone—230% Surge in Sight
Technical analysis suggests that $VET is on the verge of a major breakout from a falling wedge pattern, a historically bullish indicator. The cryptocurrency is currently trading at $0.02419, sitting in a critical accumulation zone. Analysts predict that if VeChain breaks key resistance at $0.04572, it could surge towards $0.075-$0.08—a potential 230% increase.
Source: Bitcoin Ape
Market volume trends indicate strong buying pressure, with the Moving Average Convergence Divergence (MACD) signaling a momentum shift. These signs suggest that VeChain could see a significant price movement in the coming weeks, especially as investor confidence builds around the Galactica upgrade and its long-term implications.
Source: CoinGlass
VeChain’s open interests have also surged 5.70% following the recent developments, while the long/short ratio stands at 1.52, showing bullish sentiments among investors. The decision to burn 100% of $VTHO base fees has also strengthened VeChain’s supply mechanism, reducing inflation and increasing long-term bullish outlook for token holders.
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