• VET surged 35% in the past seven days.
• VeChain’s recent rally marks a rebound from a 63.26% pullback in 2024.
• FUEGO DApp launch could add to VET’s bullish momentum.

VET, the native cryptocurrency of the VeChain platform, has surged approximately 35% in the past seven days, according to CoinMarketCap data. This rebound follows a recent price dip and features an 8.17% rally in the past 24 hours, with its market cap increasing by the same ratio over that period.

Notably, VET’s rebound followed a 4-month bearish trend that saw the enterprise-grade L1 smart contract platform’s native crypto drop from a yearly high of $0.05500 on February 24 to $0.02016, a 63.26% decline.

This pullback pushed VET below multiple support levels, establishing a new low price for 2024. The drop to $0.02016 brought the L1 platform token’s price to a level last seen in November 2023.

VETUSD Weekly Chart on TradingView

VET’s recovery began on July 5 after the VeChain network’s crypto formed a classic downtrend rejection candle on the daily chart. The token’s price continued upward, closing above its opening value for seven consecutive days.

Meanwhile, a new D…

The post Can FUEGO Fuel VeChain’s (VET) Rise? Inside the New DApp That’s Burning VTHO appeared first on Coin Edition.

• VET surged 35% in the past seven days.
• VeChain’s recent rally marks a rebound from a 63.26% pullback in 2024.
• FUEGO DApp launch could add to VET’s bullish momentum.

VET, the native cryptocurrency of the VeChain platform, has surged approximately 35% in the past seven days, according to CoinMarketCap data. This rebound follows a recent price dip and features an 8.17% rally in the past 24 hours, with its market cap increasing by the same ratio over that period.

Notably, VET’s rebound followed a 4-month bearish trend that saw the enterprise-grade L1 smart contract platform’s native crypto drop from a yearly high of $0.05500 on February 24 to $0.02016, a 63.26% decline.

This pullback pushed VET below multiple support levels, establishing a new low price for 2024. The drop to $0.02016 brought the L1 platform token’s price to a level last seen in November 2023.

VETUSD Weekly Chart on TradingView

VET’s recovery began on July 5 after the VeChain network’s crypto formed a classic downtrend rejection candle on the daily chart. The token’s price continued upward, closing above its opening value for seven consecutive days.

Meanwhile, a new D…

The post Can FUEGO Fuel VeChain’s (VET) Rise? Inside the New DApp That’s Burning VTHO appeared first on Coin Edition.