Cryptocurrency VeChain Rises More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
VeChain's (CRYPTO: VET) price has risen 6.43% to $0.02 in the past 24 hours, continuing its positive trend over the past week with an 18.0% gain. The trading volume for the coin has fallen 12.0% over the past week, while the overall circulating supply has increased 0.11% to 72.71 billion, making up an estimated 83.86% of its max supply of 86.71 billion. The current market cap ranking for VET is #37 at $1.64 billion.
November 08, 2023 | 7:00 pm
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VeChain's price has risen 6.43% in the past 24 hours, continuing its positive trend over the past week with an 18.0% gain. The trading volume has fallen 12.0% over the past week, while the circulating supply has increased 0.11%.
The rise in VeChain's price, despite a decrease in trading volume, suggests a strong demand for the coin. The increase in circulating supply could potentially dilute the value of individual coins, but this doesn't seem to have negatively impacted the price yet. The overall positive trend in price indicates bullish sentiment among investors.
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