This factor could be key to the likes of VeChain hiking by 15% soon
VeChain [VET], an under-$1 alt, has been garnering a lot of attention of late. The 24th-ranked coin based on market capitalization has managed to fetch its investors over 15% returns in the last 7 days alone.
However, the last 24 hours have been quite gloomy for VET as it shed close to 2% of its value. This price reaction came on the back of VeChain’s latest announcement with respect to its mainnet upgrade.
Less than a day ago, the VeChain Foundation revealed that a majority of its stakeholders have agreed to implement the first phase of PoA 2.0 on the VeChainThor mainnet. Its tweet noted,
“Mainnet will be upgraded by the end of Oct.”
The aforementioned announcement, however, failed to trigger an immediate positive reaction on the price charts.
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