VeChain Price Prediction: VET Targets 32% Surge as Institutional Adoption Accelerates
Institutional money finally discovers blockchain's utility beyond speculative gambling.
VeChain's enterprise-focused blockchain solution breaks through traditional adoption barriers as major corporations quietly integrate VET into their supply chain operations. The 32% breakout projection reflects growing institutional confidence rather than retail hype.
While traditional finance still debates blockchain's value, smart money already positions itself. VET's real-world utility in supply chain management attracts serious players who care about actual functionality, not just price speculation.
Remember when institutions called crypto a scam? Now they're scrambling to catch up while early adopters reap the rewards. The irony's thicker than a banker's bonus.
VeChain Weighted Funding Rate | Source: CoinGlass
VeChain targets institutional adoption
VeChain is gradually transitioning from a retail-focused platform to one that favors institutional adoption. In addition to building rails to support real-world assets (RWAs), the platform’s staking architecture has undergone significant changes. These modifications have been incorporated into VeChain’s StarGate, a platform launched on July 1 to revamp staking supported by the protocol’s latest software upgrade, called Galactica.
The new staking mechanism is tracked using non-fungible tokens (NFTs), ensuring transparency through on-chain minting and verification. Following the launch of StarGate, 5.8 billion VET had been locked in the smart contract as of Wednesday.
StarGate could position VeChain as an institutional-grade staking protocol by minting positions as NFTs, turning them into on-chain primitives that are traceable, portable, composable and built to scale.
VeChain is also collaborating with institutions like BitGo to build institutional-grade digital infrastructure. The integration with BitGo supports regulated custody and insurance-backed safeguards, which reduce operational risk for large stakeholders aiming for validator roles.
Technical outlook: VeChain poised for breakout
VeChain is positioned above the 50-day Exponential Moving Average (EMA) at $0.0245 and the 100-day EMA at $0.02484. Its bullish outlook is underpinned by the Relative Strength Index (RSI), which stands at 55, rising as buying pressure intensifies.
The Bollinger Bands indicator on the daily chart indicates low trading volume as consolidation extends widely. Further constriction of the bands WOULD signal a potential breakout toward the supply around $0.0338.
VET/USDT daily chart
Still, the Moving Average Convergence Divergence (MACD) indicator, currently sideways around the zero line, indicates that the current sideways trading could last longer than expected. Traders will look for a break above the 200-day EMA at $0.0265 to assess recovery strength, with eyes fixed on the seller congestion at $0.0338.
Open Interest, funding rate FAQs
How does Open Interest affect cryptocurrency prices?
Higher Open Interest is associated with higher liquidity and new capital inflow to the market. This is considered the equivalent of increase in efficiency and the ongoing trend continues. When Open Interest decreases, it is considered a sign of liquidation in the market, investors are leaving and the overall demand for an asset is on a decline, fueling a bearish sentiment among investors.
How does Funding rates affect cryptocurrency prices?
Funding fees bridge the difference between spot prices and prices of futures contracts of an asset by increasing liquidation risks faced by traders. A consistently high and positive funding rate implies there is a bullish sentiment among market participants and there is an expectation of a price hike. A consistently negative funding rate for an asset implies a bearish sentiment, indicating that traders expect the cryptocurrency’s price to fall and a bearish trend reversal is likely to occur.
