VeChain Price Rises 55% In 1 Month: Where Will VET Go Next?
VeChain (VET) is finally seeing some positive price action after years of stagnation. CoinGecko data shows that VET’s price has risen by 33.1% in the last week, 54.2% in the 14-day charts, and 55.2% over the previous month. Let’s discuss why VeChain’s (VET) is surging, and if the asset’s price will continue to rise over the coming days.
What’s Pushing VeChain’s Price Rise?
VeChain’s (VET) price rally came after Bitcoin (BTC) turned bullish. BTC reclaimed the $80,000 mark earlier this week, leading to a market-wide resurgence. VET is most likely following BTC’s trajectory.
VeChain (VET) and the larger cryptocurrency market rally was triggered by a few factors. Firstly, President Trump’s cryptocurrency event in the White House led to a massive surge in investor confidence. Trump stated that the US plans to purchase a large amount of Bitcoin (BTC) and other cryptocurrencies.
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