Leading cryptocurrency exchange Bitget recently announced the listing of VeChain (VET) on its trading platform, effective May 21, 2024, at 11:00 AM UTC.
This news has generated excitement within the VeChain community, particularly on social media platform X. The listing coincides with a $37,750 promotional campaign designed to incentivize trading and celebrate VET’s arrival on Bitget.
Read Also: VeChain (VET) Price Prediction: Analyst Predicts a Massive Surge to $0.831
VET Trading and Withdrawals
VET will be integrated into Bitget’s Innovation, Depin, and Public Chain Zone, allowing users to participate in VET/USDT spot trading. Deposit functionality for VET became available earlier, while withdrawals will be enabled starting on May 22, 2024, at 12:00 PM UTC.
Celebrating with CandyBomb and VET X Giveaway
To commemorate this listing, Bitget is launching two distinct promotional activities. The first, dubbed “CandyBomb,” is a week-long campaign running from May 22nd to May 29th, 2024 (both at 11:00 AM UTC).
During this period, users can compete for a share of a $25,000 reward pool divided into two categories: a VET deposit pool and a VET new user trading pool (each worth $12,500). Specific participation requirements, likely involving VET deposits and trading activities, will be announced by Bitget.
The second promotion, the “VET X Giveaway,” runs slightly longer than the CandyBomb campaign. Starting on May 20th and concluding on May 30th, 2024 (both at 11:00 AM UTC), users can enter for a chance to win a share of $10,500 in VET tokens.
Full details regarding participation criteria, such as following Bitget and VeChain on X, depositing and trading VET on Bitget, and completing a registration form, are outlined in the official Bitget announcement. A total of 850 lucky winners will be randomly chosen to each receive $15 worth of VET.
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Read Also: Analyst Says VeChain (VET) Is Set to Explode 5,800% or 14,600%. Here’s why
Analyst Predictions for VET’s Future
The Bitget listing comes during a wave of optimism surrounding VeChain’s price potential. Crypto market analyst Ali Martinez predicts an upcoming price surge for VET, with a possibility of reaching $0.60 per token. This prediction is based on the identification of fractal patterns on VET’s 1-month chart, which have historically preceded significant price increases.
Similar historical patterns were observed in Q4 of 2018, ultimately leading to a price increase sustained over 19 months. Despite a recent price decline – VET is currently trading around $0.036, dropping by over 30% from its 2024 peak.
Although, analysts like Martinez remain confident in VET’s bullish prospects. The upcoming Bitget listing, coupled with the promotional campaign, could potentially contribute to a renewed surge in trading activity and investor interest in the VeChain ecosystem.
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