RATE Group | VeChain Price Explodes by 30% as Cryptocurrency Market Plots Recovery
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VeChain Price Explodes by 30% as Cryptocurrency Market Plots Recovery

16 Aug VeChain Price Explodes by 30% as Cryptocurrency Market Plots Recovery

Posted at 15:36h in Cryptocurrency News by

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Bitcoin price

The vechain price (VET) exploded by 30 percent on Thursday, headlining a widespread recovery that raised the cryptocurrency market cap by more than $5 billion over the past 24 hours.

The cryptocurrency, which serves as the native token of the smart contracts and supply chain management-focused VeChain blockchain, had traded below $0.008 during Thursday’s early morning hours but began to shoot upwards shortly after 7:00 UTC.

By 8:00 UTC, vechain had crossed the $0.10 threshold, and the token ultimately rose as high as $0.012 during intraday trading before settling back to a present value of $0.01 on Binance.

Even after the surge, though, VET is still down seven percent against the dollar over the past week. Nevertheless, this makes it one of the better-performing altcoins ranked in the top 100, with seven-day returns comparable to monero (XRM) and ethereum classic (ETC) — the latter of which has embarked on a surge of its own due to its impending listing on cryptocurrency…

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