VeChain Shows Signs of Recovery Despite Market Downturn: What’s Next For VET?

• VET price rises 2.2% in 24 hours against broader market decline.
• Network activity surges with active accounts hitting Q1 high of 74,491.
• “Renaissance” update and MiCAR license set to boost adoption.

VeChain (VET) has begun staging a recovery amid broader market uncertainty, with its price climbing 2.2% in the last 24 hours. This positive movement comes despite downward pressure on the crypto market following the US President’s signing of an executive order initiating new tariff wars, which has sparked global economic concerns.

The token’s performance stands in stark contrast to its longer-term metrics, which show declines of 8.9% over seven days, 21.1% over a month, and a substantial 46.3% over the past year.

VeChain active addresses increase

Behind the current price recovery lies a major uptick in network activity. During Q1 2025, VeChain saw active accounts surge from 9,000 to a three-month high of 74,491. As of April 2, 2025, the network maintains 37,114 active accounts, highlighting sustained engagement despite price volatility.

Michael van de Poppe, founder of MNConsultancy, has expressed optimism about VeChain’s prospects. In a recent tweet, he highlighted the upcoming “Renaissance” launch scheduled for July 2025, which will introduce a comprehensive update to VeChain’s tokenomics and implement new use cases for the platform.

Technical analysis indicates VET is trading within a falling wedge pattern, suggesting potential for a bullish breakout. However, analysts expect continued price fluctuations in the immediate term as the pattern develops.

$VET keeps on delivering.

– Renaissance going live in July '25.
– MiCAR license obtained to service European enterprises.
– Governance proposal updates throughout Q2.

Improved tokenomics and staking rewards for participants within the VeChain ecosystem. pic.twitter.com/mp6MTkzaMm

— Michaël van de Poppe (@CryptoMichNL) April 1, 2025

VeChain’s recent acquisition of the MiCAR license for European markets adds another positive fundamental factor. This regulatory approval is expected to accelerate enterprise adoption across Europe, particularly as companies seek blockchain solutions that meet regional compliance requirements.

Further bolstering the ecosystem’s outlook are governance proposal updates scheduled for Q2 2025, which aim to enhance rewards for ecosystem participants. These changes, combined with the Renaissance update’s revamped tokenomics, could provide significant catalysts for growth.

As global markets navigate economic uncertainties triggered by escalating trade tensions, VeChain’s recovery suggests investor confidence in its fundamental value proposition and upcoming developments.