Cryptocurrency VeChain Up More Than 8% In 24 hours
Portfolio Pulse from Benzinga Insights
VeChain (VET) has seen a significant price increase of 8.28% in the last 24 hours, reaching $0.04. Over the past week, its price has also risen by over 1.0%. Despite a 79.0% drop in trading volume over the week, the circulating supply of VET has increased by 0.82%, with a current market cap ranking of #37 at $3.25 billion.
February 22, 2024 | 3:02 pm
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VeChain (VET) has experienced a notable increase of 8.28% in its price over the last 24 hours, reaching $0.04, with a week-over-week increase of over 1.0%. The trading volume has decreased significantly, while the circulating supply has slightly increased.
The significant price increase of VeChain (VET) over the last 24 hours and the past week, despite a decrease in trading volume, indicates strong market interest and potential for further gains. The increase in circulating supply suggests a growing availability of VET for trading, which could impact its price dynamics in the short term. Given these factors, the short-term impact on VETUSD is likely positive.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100