TLDR:
- VeChain Renaissance upgrade will revamp tokenomics, governance, and network scalability.
- VET remains above key $0.0221 support, maintaining April’s uptrend amid market uncertainty.
- StarGate, set for July, introduces cross-chain features to boost liquidity and interoperability.
- Lower staking thresholds aim to increase user participation and reward long-term holders.
VeChain is preparing to launch its most comprehensive upgrade yet, named Renaissance, set to reshape the network’s technical and economic foundation.Â
The upgrade marks a shift toward broader adoption, increased network participation, and real-world enterprise utility. Despite the recent dip in the VET price, market watchers remain attentive to its strategic overhaul.Â
Moreover, the update paves the way for the StarGate launch in early July, introducing new interoperability features. VeChain’s developers believe this next phase could unlock a new era for the blockchain’s future trajectory.
VeChain Renaissance Upgrade Revamps Its Core
The Renaissance upgrade introduces major changes to VeChainThor, focusing on economic sustainability, community governance, and broader user participation.Â
According to a post by CryptoBusy, new tokenomics will aim to increase capital efficiency while enhancing rewards for long-term VET holders. Additionally, the update lowers the entry threshold for staking, making it easier for more users to participate in network security and earn staking rewards.Â
VeChain $VET is entering a new era with its most ambitious upgrade since inception: Renaissance
Renaissance is a technical update and a full-scale economic and governance evolution designed to push VeChainThor into the next phase of blockchain mass adoption.
Here is a detailed… pic.twitter.com/afr3TRwnM7
— CryptoBusy (@CryptoBusy) June 4, 2025
Governance processes are also being restructured to give the community more influence on development and policy decisions, a move intended to decentralize control further.
Renaissance includes several technical upgrades to improve VeChainThor’s scalability, security, and interoperability. These upgrades are designed to prepare the platform for high-throughput enterprise applications and real-world use cases.
With VeChain already used in areas like carbon tracking and supply chain verification, these updates aim to expand its enterprise footprint.
The next phase, StarGate, is scheduled for launch on July 1. This feature will allow VeChain to interact seamlessly with other blockchains, potentially increasing liquidity and enabling new cross-chain applications.
VET Price Faces Pressure Despite Long-Term Outlook
At the time of writing, the VET price is $0.02437, showing a 2.51% decline in the last 24 hours. Over the past week, the token has traded between $0.02338 and $0.02759, underperforming both the broader crypto market and other smart contract platforms.
Immediate support stands at $0.02434, with resistance near $0.02511. While the short-term outlook remains cautious, the long-term setup may be forming. The Renaissance update and upcoming StarGate release could be key catalysts if broader market sentiment improves.
Crypto trader Brain2jene noted that VET’s price continues to hold above a key support level of $0.0221, suggesting the April uptrend remains intact. The price action, currently consolidating in a narrow range, may point to a potential breakout once market liquidity returns.
$VET chart remains constructive — holding above the purple box and key $0.0221 support suggests the uptrend from April is still intact.
I believe the second half of June could mark a turning point for #Crypto markets overall.
Once liquidity returns, we may see a strong rally… pic.twitter.com/u1adGJ8mMq
— Brain2jene
(@brain2jene) June 2, 2025
The second half of June is viewed as a possible turning point. If Bitcoin dominance begins to decline, capital may rotate into altcoins, providing VET with a fresh momentum window. For now, analysts stress that patience remains important as the setup gradually builds.
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The post VeChain Gears Up for Renaissance Upgrade Amid VET Price Pressure appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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