VeChain (VET) Milestone: Surpassing 900,000 Holders!

• VeChain's VET Token Crosses 900,000 Holder Milestone
• Details of VeChain's VET Holder Growth
• VeChain's Increase in Holders and Current Supply
• Observations on the Rising VET Holder Numbers
• VET Network Records Highest New Address Creation
• VeChain's VET Price Predictions for 2024

VeChain's VET Token Crosses 900,000 Holder Milestone

The native VET token of blockchain platform VeChain has successfully exceeded 900,000 holders. The growing popularity of the token is evident from its recent performance, with a surge of over 50% since the start of October.

Details of VeChain's VET Holder Growth

Statistics from VeChainStats reveal that the VET token is now held by 901,644 users. Although price predictions for VeChain have been bearish as we approach the end of 2023, it's very visible that the blockchain's collaboration with the United Nations on a sustainability campaign has most likely provided the VET token a slight impetus on the charts.

VeChain's Increase in Holders and Current Supply

In recent days, VeChain has added 6249 new holders. The blockchain's current supply stands at a whooping 85,985,041,177, priced at $0.0266 with a market capitalization exceeding 1.93 billion.

Observations on the Rising VET Holder Numbers

It is crucial to highlight that the disclosed number of holders does not equate to the same number of individual investors. On-chain analytics typically track the quantity of addresses holding a token. Nevertheless, a significant number of investors prefer to distribute their holdings across several addresses. Despite this, the milestone of achieving over 900,000 holders or addresses for VeChain's VET token remains remarkable.

VET Network Records Highest New Address Creation

Moreover, the VET network has set a new record by observing the highest number of newly created addresses in two years. Over the past week, VeChain has added 57,300 addresses, surpassing its previous high of 50,401 weekly address creation set in April 2021.

VeChain's VET Price Predictions for 2024

There are high expectations that the price of VeChain's VET token will hit new highs in 2024. Many analysts predict a bull market for the crypto sector due to speculations that a Bitcoin$42,260 -0.64% ETF might be approved as early as Q1 of 2024. Such a development would potentially increase the acceptance and use of cryptocurrencies, resulting in a rise in the value of the entire crypto market.

Edited by Jonathan Stoker