VeChain (VET) looks to finish the month of February in style, with its best monthly close since its inception. By According to data from CoinMarketCap at the time of writing, FP is up 4.05% in 24 hours to $0.05051. Over the past month, FP has soared more than 80%, the highest monthly close it has recorded since it made its debut on the main market in 2018.
VeChain (VET) looks to finish the month of February in style, with its best monthly close since its inception. By According to data from CoinMarketCap at the time of writing, FP is up 4.05% in 24 hours to $0.05051. Over the past month, FP has soared more than 80%, the highest monthly close it has recorded since it made its debut on the main market in 2018.
Consolidation milestone
To solidify the milestone, VeChain has announced its next steps to achieve its sustainability agenda; The protocol announced the launch of VeBetterDAO, a platform dedicated to driving sustainable innovations.
According In the update, VeChain noted that it designed VeBetterDAO to become the enabler of a cross-industry sustainability decentralized application (dApp) ecosystem. The VeBetterDAO platform will incentivize users, and it said the new platform is the evolution of its Web3 for Better white paper that it first presented when it unveiled its collaboration with Boston Consulting Group (BCG) last year.
In a bid to drive an autonomous operating model for the new platform, VeChain said it is launching two new tokens $B3TR and $VOT3. He said he would kick off the launch of VeBetterDAO on the testnet by airdropping the $B3TR token to the first participants.
VeChain has regularly expanded its influence in the world of sustainability with notable inventions and partnerships in recent years.
Will VeChain test ATH again?
VeChain has shown notably bullish price increases in recent months as investors revive their interest in the protocol. Rip The story of the best monthly close could be a good omen that could help VET retest its previous all-time high (ATH) of $0.2782.
While the current valuation of the coin is still a long way from this point, the bullish sentiment around Bitcoin price that took it to $60,000 could also trigger an unprecedented surge that may benefit FP in the long term.
