VeChain Could Hit $0.035 As VET Rallies 40% In 30 Days
VeChain (VET) has followed the recent crypto market upswing, and could hit the $0.035 mark if the rally continues. The asset has gained 14.1% in the weekly charts, 33.8% in the 14-day charts, and 40% over the previous month. Despite the rally, the market seems to be facing a correction today. VET’s price has dipped 5.3% in the last 24 hours, as CoinGecko reveals, and 8.7% since July 2024. Source: CoinGecko Why Is The Asset Dipping Today? Source: Facts.net The crypto market experienced a rejuvenated bullish sentiment over the last few weeks. Bitcoin (BTC) and XRP hit new all-time highs. Other crypto assets followed the upward trajectory as well. VET was no stranger to the bullish party. The asset breached the $0.029 level for the first time since late May of this year. The rally was likely due to BTC’s rise following increased institutional inflows. Crypto-based ETFs have led to a substantial rise in institutional interest. The development has caused significant bullish rever...