VeChain (VET) Could Lead the Bull Market to an Unprecedented Height, Analyst Prudent Sammy Believes

VeChain’s VET has been one of the most successful cryptos in the ongoing bull market. Its 30-day price chart shows a staggering 125% surge, and its market

Cryptocurrency prices have been on a roller coaster ride in recent months, with some assets posting triple-digit gains. Among these gainers is VeChain’s VET, which has surged by an impressive 125% over the past 30 days. This price rally has pushed the asset’s market capitalization to a new high of $4.99 billion.

Now, an analyst known as Prudent Sammy has shared his thoughts on the potential of VeChain’s VET to lead the bull market to new heights. In a recent tweet, Prudent Sammy highlighted the role of VeChain's VeBetterDAO in driving this bull market.

According to Prudent Sammy, the recent consolidation of Bitcoin (BTC) has led investors to search for the next big project. He believes that the next innovation lies in the long-term utility impact, and he finds VeChain's VeBetterDAO to be the next step in blockchain evolution.

Prudent Sammy explained that Web3 needs a boost in real sustainability, and it starts with a fun way to engage in impactful actions. Sustainability has become a pressing global challenge, with activists and organizations around the world pushing for mass efforts like planting trees, recycling, and leading healthier lifestyles. However, the traditional system lacks the mechanism to reward and incentivize people to make sustainable actions a daily habit.

Prudent Sammy further highlighted the relevance of VeChain's VeBetterDAO in addressing this challenge. He outlined the platform's key features as follows:

Prudent Sammy also mentioned the B3TR token, which is at the heart of the VeChain VeBetterDAO platform. Users engaging in eco-friendly actions through the X2Earn dApps earn B3TR, which is also used to participate in DAO governance. Notably, this token can be redeemed in real life.

Analyzing Prudent Sammy's thesis, CNF observed that his confidence in the ecosystem is largely driven by three main factors that set VeChain's VeBetterDAO apart from other platforms.

Prudent Sammy concluded his thread by emphasizing the X2Earn dApps, which lie at the core of the platform and include Plant2Earn, Sweat2Earn, and Recycle2Earn, among other interesting offerings. He also highlighted the transparency and community-driven DAO model that governs VeChain's VeBetterDAO.

Collectively, these aspects contribute to VeChain's potential to lead the bull market to new heights, as highlighted by Prudent Sammy. At the time of writing, VET is trading at $0.06085, up by 0.2% over the past 24 hours and 125% over the last 30 days.

Recently, an analyst shared his thoughts on the potential of VeChain's VET to surge by 3000% to hit $0.63.