VeChain’s Price Surges by 8.28% in the Last 24 Hours
VeChain, a popular cryptocurrency, has seen a significant price increase of 8.28% in the last 24 hours, reaching $0.04. This uptick comes after a steady rise of over 1.0% in the past week, moving from $0.04 to its current price. The coin’s all-time high stands at $0.28, showcasing its potential for further growth.
The chart below illustrates the price movement and volatility of VeChain over the past 24 hours compared to the past week. The gray bands represent Bollinger Bands, which measure the volatility for both daily and weekly price movements. A wider band indicates higher volatility in the market.
Despite the price surge, the trading volume for VeChain has decreased by 79.0% over the past week. On the other hand, the circulating supply of the coin has increased by 0.82%, bringing it to 72.71 billion coins. This accounts for approximately 83.86% of its maximum supply of 86.71 billion. Currently, VeChain holds the #37 ranking in terms of market cap, valued at $3.25 billion.
Overall, the recent price surge and steady growth in circulating supply indicate a positive outlook for VeChain in the cryptocurrency market. Investors and traders are closely monitoring its performance as it continues to show potential for further gains.
This article was generated by Benzinga’s automated content engine and reviewed by an editor. Benzinga does not provide investment advice. All rights reserved.
