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VeChain’s (VET) pending trademark covers multiple innovative financial offerings

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on Dec 17, 2023
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  • VeChain has a pending financial services trademark filed in July 2023.
  • The trademark covers cutting-end financial offerings.
  • VET exhibits a bullish ecosystem.

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VeChain (VET) filed a financial services trademark in July this year, covering various cutting-end offerings, including crypto trading, digital tokens issuance, and acquisition of virtual coins.

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https://twitter.com/Cryptosaround/status/1736022841647325293?s=20

With the multiple cutting-edge financial services, approving this trademark could make VeChain’s ecosystem ISO 20022 compliant, positioning VET to dominate the trillion-dollar payments industry. Considering the multiple financial offerings, such a move would make collaborating with central banks a possibility.

VeChain exhibits an optimistic ecosystem, which contributes to the increasing new wallets joining the network.. Meanwhile, authorizing the pending trademark will establish the project to dominate the digital payments market.

VET price forecast – a possible 150% jump

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VeChain’s price maintained steady uptrends amidst the latest broad-based rally. The altcoin surged over 45% within the previous month. Meanwhile, some analysts believe VET will extend its uptrends in the upcoming weeks.

Crypto analyst Ali Martinez revealed that VET is printing a consolidation phase seen between 2018 & 2020. Such a development could push VeChain prices past the resistance level at $0.033 in the coming two weeks.

Martinez believes VET could climb to $0.077 come January 2024, translating to an impressive 150% value increase.

Besides Martinez, renowned chartist EGRAG expects VET to skyrocket 7,500% yo $2.3. He highlighted the alt’s prolonged downtrend, which mirrors the journey to 2021 record highs. 

EGRAG described VeChain as the project that “will unlock your financial chain.”

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