In a move poised to reshape the landscape of cryptocurrency storage, Swiss-based hardware wallet giant Tangem unveiled plans to incorporate VeChain support into its renowned card-shaped hardware wallets, set to go live by January 2024. This integration marks a pivotal moment for over one million users of Tangem’s popular hardware wallets, enabling them to securely store VeChain alongside their existing crypto assets.

The decision to embrace VeChain comes after persistent appeals from users who eagerly sought support for this burgeoning token. Tangem’s team had previously hinted at the development of VeChain (VET) support, with indications dating back to July.

While details about the extent of VeChain-native asset storage on Tangem’s wallets remain undisclosed, the integration is expected to primarily facilitate VeChain (VET) storage. As of the latest update, there hasn’t been an official confirmation regarding the inclusion of VeChain’s gas token, VeThor (VTHO), within the wallet functionality.

The timing of Tangem’s announcement aligns with a period of significant surge for VeChain’s native tokens, VET and VTHO. VET surged to a ten-month high, reaching $0.031, accompanied by a market capitalization of $2.1 billion within the past 24 hours. Simultaneously, VTHO saw an impressive spike, peaking at $0.003 before settling around $0.002, registering a notable 26% increase in the past week.

This remarkable uptrend in token prices coincides with a broader recovery across the crypto market. Additionally, VeChain’s launch of a new marketplace tailored for node trading has been instrumental in fueling these tokens’ growth. The innovative marketplace aims to bolster VET rewards on the network while fostering a dynamic and flourishing economy within the VeChain ecosystem.

The integration of VeChain support into Tangem’s hardware wallets not only amplifies accessibility for existing users but also presents an opportunity to onboard a wider user base seeking secure storage solutions for their crypto assets. This milestone fosters greater convenience and trust in managing digital currencies, further solidifying Tangem’s position as a leading provider of hardware wallets in the blockchain space.

The decision to include VeChain in Tangem’s supported chains holds immense significance, potentially exposing the asset to over a million users who rely on this popular hardware wallet. With VeChain boasting a substantial user base of over 900,000 holders, this development not only caters to existing enthusiasts but also opens the door for Tangem to onboard a plethora of new users.

The journey towards integrating VeChain into Tangem’s platform has been eagerly anticipated. Previously, Tangem received numerous petitions from its users urging support for VeChain. Responding to this demand, the team confirmed in July that the development of VET support was underway, hinting at the forthcoming inclusion.

As Tangem prepares for this integration, there remains curiosity surrounding whether the platform will facilitate the storage of other VeChain-native assets besides VET. While speculations abound, no official statement confirms the inclusion of the VeChain network gas token VeThor (VTHO) at this juncture.

Amidst Tangem’s pivotal decision, VeChain’s native tokens, VET and VTHO, have witnessed a soaring trajectory. VET achieved a remarkable ten-month high, surging to $0.031, flaunting a market cap of $2.1 billion within the past 24 hours. Simultaneously, VTHO experienced an upsurge, reaching $0.003 before retracing to approximately $0.002. Nonetheless, it retains a noteworthy 26% surge in the last seven days, solidifying its status among the best-performing tokens in this period.

This upward surge in token values coincided with a broader recovery in the crypto market. Furthermore, VeChain unveiled a cutting-edge marketplace designed explicitly for investors, facilitating the buying and selling of nodes. This novel offering aims to optimize VET rewards on the network while fostering a robust economic ecosystem.

As crypto enthusiasts and investors eagerly anticipate the forthcoming integration, the move signifies a significant stride towards enhancing the adoption and utility of VeChain in the rapidly evolving digital asset landscape.