VeChain's Hayabusa Upgrade Could Spark 400% Price Surge for VET

VeChain (VET) has emerged as a focal point in the cryptocurrency market due to a combination of technical and fundamental developments, sparking renewed interest among traders and analysts. Notably, Michaël van de Poppe, a prominent figure in the crypto market analysis space, has highlighted the potential for a significant price breakout. According to van de Poppe, favorable technical conditions and project-level progress, such as the recent Hayabusa upgrade, could drive a rally in VET’s value. The upgrade aims to enhance the network's staking and tokenomics framework by reducing inflation and increasing rewards for participants, creating a more sustainable ecosystem that may attract long-term investors [1].

On the technical side, VET has been consolidating within a narrow range of $0.024 to $0.025 following a steep decline over the past six months. Van de Poppe identifies this consolidation as a potential accumulation zone, suggesting that a breakout above the $0.03 level could trigger a new upward move. Historical Fibonacci extension levels also serve as a guide for potential price targets, with $0.12 being a key point of interest [1]. A move from the current level to this target would represent a 400% gain for investors, despite the token still trading far below its all-time high of $0.2782.

Conversely, a recent price analysis from Invezz highlights the challenges VeChain faces in the short term. Despite an increase in staking adoption and institutional interest, VET has struggled to maintain gains following a failed breakout above the $0.02566 resistance level. The cryptocurrency has dropped 3.77% to $0.0243 in the past 24 hours, underperforming the broader crypto market [2]. This underperformance is linked to broader market trends, with total market capitalization falling 3.35% to $3.79 trillion. Increased trading volume for VET has reflected panic-driven selling rather than accumulation, signaling caution among traders.

Despite these short-term headwinds, VeChain’s ecosystem has demonstrated resilience. Over $140 million in assets have been locked in smart contracts since the launch of the StarGate staking program, supported by the Galactica upgrade. This has led to a reduction in selling pressure, with over 515,000 VTHO tokens burned in the past month [2]. These developments suggest that the project is moving in the right direction, even as it contends with market volatility and investor caution.

Looking ahead, the Hayabusa upgrade represents a significant milestone for VeChain’s development. This upgrade shifts the network from a Proof of Authority (PoA) to a Delegated Proof of Stake (DPoS) model, promoting decentralization and community participation. It also transitions VTHO rewards from a static to a staking-based generation model, aligning incentives and enhancing VET’s utility. The proposal received 98% approval from stakeholders, indicating strong community support and confidence in the project's future [1].

While the short-term technical outlook for VET is mixed, with momentum indicators showing a bearish turn, the long-term fundamentals remain robust. The broader crypto market remains in a state of flux, with investors favoring Bitcoin over alternative coins. However, VeChain’s ongoing progress in staking adoption and institutional engagement provides a foundation for future growth. A decisive break above the 200-day EMA at $0.0265 could open the door to a 32% rally toward $0.0338 [2].

Source: [1] Van de Poppe on VeChain: 'A Big Breakout Is Looming... (https://thecryptobasic.com/2025/08/29/van-de-poppe-on-vechain-a-big-breakout-is-looming-accumulating-here-is-definitely-on-my-radar/) [2] VeChain price outlook: failed breakout above $0.025 triggers sell-offs (https://invezz.com/news/2025/08/29/vechain-price-outlook-failed-breakout-above-0-025-triggeres-sell-offs/) [3] vechain/thor: A general purpose blockchain highly... (https://github.com/vechain/thor)