According to @CryptoMichNL, VeChain (VET) is preparing for the highly anticipated launch of Stargate on July 1, marking a significant phase in its Renaissance initiative. Major ecosystem developments include Dana White joining as an advisor, which is expected to raise VeChain’s global profile, and the acquisition of the European MiCAR license, enabling EU companies to integrate VeChain solutions. These advancements could drive increased institutional adoption and trading volumes for VET, with potential positive spillover effects on related altcoin markets. Source: @CryptoMichNL, May 6, 2025.

According to Michaël van de Poppe (@CryptoMichNL), VET has maintained its support level and returned to its original price before its previous rally, despite notable developments such as Dana White joining as an advisor and the launch of the B3TR Payment Card in April (source: Twitter, April 25, 2025). For traders, this sustained support suggests potential accumulation opportunities at a historically significant price level, especially as recent updates have not yet been reflected in upward price momentum.