The VeChain community is abuzz with anticipation leading up to a big announcement set for February 28th at the high-profile Mobile World Congress 2024 event in Barcelona.
VeChain CEO and founder Sunny Lu will unveil the details on stage at MWC2024 for the blockchain platform that is on a mission to enable transparency and efficiency across supply chains and business operations.
UPDATE: The Announcement is covered here.
TLDR
- VeChain is set to make a major announcement on February 28th at the Mobile World Congress event in Barcelona
- The announcement will be unveiled by VeChain CEO Sunny Lu and there is speculation it could relate to updates on tokenomics or airdrops
- The anticipation around the announcement has pumped the VET token price up over 3% in the last day to around $0.05
- VET price has surged over 73% in the last 30 days and continues an upward trajectory with the hype around the upcoming announcement
- VeChain is gaining further recognition and credibility by joining a prestigious AI & Blockchain Convergences Task Force for an 11-month program
The pre-announcement hype has already pumped up the VeChain token (VET) price considerably. VET has surged over 3% in the last 24 hours to around $0.05 and has seen epic growth of 73% over the previous 30 days. VeChain has been gaining serious traction with more enterprise and government partners utilizing its advanced blockchain-powered solutions for supply chain, sustainability, healthcare, and beyond.
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VeChain is in Barcelona for #MWC2024! CEO @sunshinelu24 will make an announcement on February 28th.
We’re building a Better world ???? ???? pic.twitter.com/X6QcuADHYP
— vechain (@vechainofficial) February 26, 2024
The February 28th announcement has the VeFam community speculating about potential major updates relating to VeChain’s tokenomics or even possibility of special VET airdrops.
One crypto analyst pointed to the beautiful upward trajectory for VET price and indicated that if the momentum continues, VeChain could be on track to reach an all-time high later this year.
#VeChain has big news being announced at MWC2024 this week. Rumors of update to Tokenomics and airdrops. Price has been pumping. $VET chart looks beautiful. If we pump hard and close the month above the Monthly S/R level then ATH is not far away! ???????????? pic.twitter.com/iciHQX9zdb
— raidenx (@benj_strong) February 27, 2024
VeChain’s recent joining of the prestigious AI & Blockchain Convergences Task Force for an 11-month program lends further validation to why enterprises should take note of VeChain’s immense potential.
The Task Force includes over 10 major institutions exploring innovative applications of AI and blockchain, with VeChain positioned as a trailblazing leader in this arena.
The payments sector also presents a $20 trillion opportunity that VeChain seems poised to capitalize on through a recent trademark application to bridge crypto with payment processing.
By merging these advanced technologies with traditional finance and transactions, VeChain continues marching down the path to mass adoption and real-world blockchain impact.
The February 28th announcement comes at a time when VeChain’s ecosystem growth also continues to accelerate with ToolChain adoption and new partners across sustainability, logistics, and product authenticity using its advanced IoT and blockchain solutions.
As the crypto community keenly awaits what Sunny Lu and his team plan to unveil at Mobile World Congress 2024, one thing remains clear – VeChain’s future looks extraordinarily bright.