VeChain (VET) Rallies 10%: Next Target $0.047
The cryptocurrency market has further recovered from its recent dip. Bitcoin (BTC) has reclaimed the $85,000 price point. The global crypto market cap has risen 1.3% in the last 24 hours to $2.9 trillion. VeChain (VET) follows BTC’s trajectory as well. VET is up 2.4% in the daily charts and 10.4% over the previous week. Despite the recent rally, VET is down by 9% in the 14-day charts, 19.6% over the last month, and 31.5% since March 2024. Also Read: Pakistan Eyes Cryptocurrency Legalization to Attract Global Investors Source: CoinGecko Cryptocurrencies Climb As Rates Remain Unchanged Source: Watcher Guru The current market rally could be due to the Fed keeping interest rates unchanged after the latest FOMC meeting. The rate of inflation in the US has dipped in the last month. The Fed still intends to have two rate cuts this year. The rally could also be investors buying the dip. VET’s low prices may have attracted new investors to the project. Also Read: Ripple: AI Predicts ...