July Could Be Big for VET: Analyst Eyes Significant Gains After VeChain Upgrade
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- VeChain’s Renaissance update aims to boost decentralization and staking engagement.
- Staking NFTs offer higher APYs, with validators earning up to 20% annually.
- Early Bird Staking Program in July could fuel demand ahead of Hayabusa upgrade.
VeChain is preparing a significant upgrade called the Renaissance update, which will revamp its staking system and tokenomics. The goal is to increase decentralization, encourage more network participation, and boost the utility of its VET token.
Market watchers are paying close attention as the Early Bird Staking Program approaches in July 2025, especially with the broader crypto market showing signs of recovery.
What’s Changing with VeChain’s Staking?
The Renaissance update shifts VeChain from passive VTHO generation to an active staking model. Now, VET holders must stake their tokens to earn rewards. This introduces staking NFTs, which represent different commitment levels and unlock higher annual percentage yields (APYs) based on staking tiers.
Top validators could earn up to 20% annually, and node delegates can reach as high as 12.8% – a notable increase from previous returns.
VeChain has also made it e…
The post July Could Be Big for VET: Analyst Eyes Significant Gains After VeChain Upgrade appeared first on Coin Edition.
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