Cryptocurrency VeChain Rises More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
VeChain (CRYPTO: VET) has seen a price increase of 4.72% in the last 24 hours, reaching $0.05, despite a 1.0% loss over the past week from the same price point. The coin's all-time high is $0.28. Trading volume has decreased by 24.0% over the past week, while the circulating supply has slightly increased. VeChain's market cap ranks it at #40 with a value of $3.50 billion.
March 07, 2024 | 7:01 pm
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VeChain (VET) has experienced a 4.72% increase in price over the last 24 hours, reaching $0.05, despite a slight weekly decline. The coin's market cap is now $3.50 billion, ranking it #40.
The short-term price increase of VeChain, despite a recent downtrend, indicates a potential rebound or positive market sentiment towards VET. The decrease in trading volume suggests less selling pressure, while the slight increase in circulating supply has not negatively impacted its price, showing strong demand. The market cap ranking provides a positive outlook for its stability and growth potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100