Bitget Lists VeChain (VET) with $37,750 in Giveaway Rewards and Analysts Predict Price Surge
Cryptocurrency exchange Bitget announced the listing of VeChain (VET) on its platform on May 20, 2024, with trading commencing on May 21st at 11:00 AM (UTC). This news has generated excitement within the VeChain community, particularly on social media platform X.
The listing comes with a celebratory giveaway program totaling $37,750 worth of VET. This giveaway is split into two main promotions: The CandyBomb promotion and the VET X Giveaway.
The CandyBomb promotion offers VET deposits and trading rewards. Running from May 22nd to May 29th, users can participate in a $12,500 VET deposit pool and another $12,500 VET new user trading pool. Details regarding specific requirements for these rewards haven’t been disclosed, but users are likely expected to complete VET deposit and trading tasks on Bitget.
The VET X Giveaway, running concurrently from May 20th to May 30th, offers a chance to win $15 worth of VET each for 850 randomly selected participants. To enter, users must follow Bitget and VeChain on platform X, deposit and trade VET on Bitget, and complete a registration form.
Analyst Optimism for VET Price
The Bitget listing coincides with growing optimism among market analysts regarding VeChain’s price. Crypto analyst Ali Martinez predicts a potential price surge for VET, possibly reaching $0.60. This prediction is based on the emergence of fractal patterns on the 1-month chart, which have historically indicated significant growth for VET.
Similar patterns were observed in Q4 of 2018, leading to price increases over the following 19 months. Despite a recent decline – VET currently trades at $0.03425, down 34.6% from its yearly peak and a significant 87.8% from its all-time high – analysts like Martinez believe a bullish trend is on the horizon for VeChain.
This listing on Bitget, coupled with the giveaway program and positive analyst predictions, could potentially reignite interest in VeChain and contribute to a price increase in the coming months. However, as with any investment, users should conduct their own research and due diligence before making any decisions.
