VeChain has recently shown a price increase. VET’s price has risen by 6% over the past seven days to $0.4545. VeChain announced in its most recent product updates the launch of MAAS. This is a white-label no-code marketplace that will appeal to web3 users and Blockchain users.
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VeChain’s new product offering is all about?
VeChain’s MAAS, or Marketplace As A Service (MAAS), was launched with the intention to revolutionize NFT trading. It offers enterprise holders and individuals a white-label NFT platform that is low code/nocode to facilitate NFT trade.
“MaaS was built to fulfill an important role within the digital asset space, presenting enterprise and individual builders a low/no-code white-label NFT platform for selling and transferring digital assets with ease.”
White-label NFT platform A pre-built market is one that does not require any software development in order to operate. They are easy to use, and any individual or firm can embed them. This ease of trading and exploring NFTs is a great benefit.
VeChain’s entrance into the NFT sector indicates its desire to dominate with lucrative network opportunities. VeChain’s rendezvous is taking place at a particularly favorable time, with the NFT sector undergoing a fusion of factors. This includes the growth of RWA and tokenization. VeChain’s latest blog post acknowledged that it was a good time for the company to enter the space.
“The platform’s arrival is timely, anticipating growing demand for real-world asset (RWA) tokenization tools. With a later iteration of the platform to introduce NFC functionality and the ability to support ‘phygitals’ (real-world physical assets with NFT/digital counterparts).”
MAAS Will Help Increase Its Price
Analysts and investors are describing VeChain’s exploration in the NFT space as profitable. VeChain may be able to attract more investors and users with its new NFT offer. This influx of money may boost the price by a large amount, and also increase its volume.
Analysts at X are now making long-term VET forecasts in response to the launch of MAAS. Analysts believe the token will reach a price above $0.052 in the near future. Tom Holland from CoinMonks shared another VeChain price forecast, stating that the token could cross $1 soon.
“Now in terms of long-term VeChain price predictions though we could be seeing VeChain close to a dollar. Or even pass one dollar,” “He said”
However, CoinCodex VET is predicted to experience a downbeat sentiment at the end of this month.
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“The VeChain price prediction for next week is between $ 0.043362 -$0.0.041750 on the high end.VET will decrease by -3.72% and reach $ 0.041750 by Apr 22, 2024, if it reaches the upper price target.”
The platform projects a 200% increase in VET by 2024.
“VeChain is forecasted to trade within a range of $ 0.040787 and $ 0.169785. If it reaches the upper price target, VET could increase by 274.30% and reach $ 0.169785.”
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Source: watcher.guru