Market Cap: $2.6693T 0.640%
Volume(24h): $61.9298B -21.990%
  • Market Cap: $2.6693T 0.640%
  • Volume(24h): $61.9298B -21.990%
  • Fear & Greed Index:
  • Market Cap: $2.6693T 0.640%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$83957.564405 USD

0.11%

ethereum
ethereum

$1585.920614 USD

-0.82%

tether
tether

$0.999948 USD

0.01%

xrp
xrp

$2.072262 USD

-0.73%

bnb
bnb

$582.425941 USD

-0.18%

solana
solana

$130.764273 USD

2.87%

usd-coin
usd-coin

$0.999932 USD

-0.01%

tron
tron

$0.244935 USD

-3.03%

dogecoin
dogecoin

$0.155322 USD

-0.28%

cardano
cardano

$0.613597 USD

-0.35%

unus-sed-leo
unus-sed-leo

$9.435609 USD

0.74%

chainlink
chainlink

$12.391354 USD

0.22%

avalanche
avalanche

$18.974844 USD

-0.16%

toncoin
toncoin

$2.921269 USD

0.65%

stellar
stellar

$0.235516 USD

-0.75%

Cryptocurrency News Articles

VeChain (VET) Prepares for Renaissance Update: New Staking System and Tokenomics Will Revamp the Ecosystem

Mar 26, 2025 at 05:45 pm

The Renaissance update shifts VeChain from passive VTHO generation to an active staking model. Now, VET holders must stake their tokens to earn rewards.

VeChain (VET) Prepares for Renaissance Update: New Staking System and Tokenomics Will Revamp the Ecosystem

VeChain is set for a major upgrade with Renaissance, aiming to overhaul its staking system and tokenomics to boost decentralization, network participation, and the utility of its VET token.

This comes as the Early Bird Staking Program approaches in July 2025, with broader crypto market recovery in mind.

What’s Changing with VeChain’s Staking?

The Renaissance update transitions VeChain from passive VTHO generation to an active staking model.

Now, VET holders must stake their tokens to earn rewards. This introduces staking NFTs, which denote different commitment levels and unlock higher annual percentage yields (APYs) based on staking tiers.

Top validators could reap up to 20% annually, and node delegates may attain as high as 12.8% – a significant increment from previous returns.

Furthermore, VeChain has reduced the entry point for economic nodes to just 10,000 VET, aiming to facilitate broader participation within the community.

Early Bird Staking and Hayabusa Anticipation

To build anticipation for the Hayabusa upgrade in December 2025, VeChain will launch its Early Bird Staking Program in July.

This initiative will distribute 3 billion VTHO tokens to those who stake early, fostering immediate engagement and setting the stage for deeper involvement in the ecosystem.

The Renaissance update also includes economic reforms. Notably, 100% of the base transaction fees will now be burned.

Additionally, VTHO inflation is slated to decrease by 72.2%, a move that could help strengthen the token’s value over time by making it more deflationary.

What’s the Expected Price Action for VET in July?

As of press time, Thursday, June 15, at 07:35 CET, VET’s market performance shows signs of moderate recovery. The price stands at $0.02692, reflecting a 2.19% daily increase. Key support is seen at $0.02634, while resistance emerges around $0.02692.

The price has seen some volatility recently. If bullish momentum picks up, VET could break past resistance and aim for $0.027 or higher.

However, if bears return, the price could drop back to the support level or even lower.

Technical indicators show neutral momentum right now. The Relative Strength Index (RSI) is near the neutral 50 level at 49.75, indicating that the price is neither overbought nor oversold.

The Moving Average Convergence Divergence (MACD) is in the positive territory but is showing signs of decreasing, which suggests that bullish momentum is weak.

Analysts at Coincodex predict a July price range of $0.0261 to $0.0328, with an average price prediction of $0.0293.

This suggests potential gains of up to 21.9% from the current price.

July could be a pivotal month for VET as these upgrades roll out and the broader crypto market continues to recover.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Apr 18, 2025