It is just less than a day to the deadline for the chance to build a VeChain starter node using 6,000 coins. After the previous fall in prices across several markets, the VEN token, which has since rebranded to VET token slumped to $3.11 and later rose to $3.66.even with the rise, running the new and lighter X node would be a steep and a high rick investment.
There is a chance to upgrade VEN starter notes at a later stage. This is however one of the last opportunities to rise up using very few coins. At a later stage, there is always a chance to build a node starting with 10,000 VEN.
The main point of attraction of the nodes is the staking, which the coin would produce another form of digital asset of unknown value-the VeThor token. Another advantage of having the nodes lies in the maturity period. The node allows you to have a preset period for holding and staking the tokens. Those who own new and lighter nodes have a lot of time to allow their coins mature. In addition, the VeChain project intends to launch its site very soon. The site will adhere to all rules that guide the staking system.
Will VeChain Survive a Bear Market?
VeChain was among the assets that had gained a lot of momentum in December. It rose to a high of $10. The project has been doing a lot of rebranding since late last year plus the node program. The digital asset however dropped in prices. The volumes however remain high.
At this point it is still hard to settle for the fair price of VEN. The product is still very new in the market and hard to predict. Many other products have been in the market for long and have maintained relatively low prices being shifting to a much higher price bracket. As it stands, VeChain is still new and unknown and may remain dormant for a much longer period. Many investors have compared VeChain to NEO, which took a very longtime in obscurity as AntShares. Even Binance trading will not help in raising the asset to achieve higher prices. The asset is very volatile.