VeChain Rallies 42%: Can VET Hit 10 Cents This Month?
VeChain (VET) is following the market-wide rally. VET’s price is up by 10.2% in the daily charts, 42.6% in the weekly charts, 23.8% in the 14-day charts, and 23.3% over the previous month. The asset’s price has also risen by 26.6% since November 2023. Also Read: Dogecoin Price Prediction: Can DOGE Reach $1 This Month? Source: CoinGecko What’s Pushing The VeChain Rally? VET’s latest rally follows Bitcoin’s (BTC) rise to a new all-time high of $89,560.95 earlier today. BTC’s rise, on the other hand, is likely due to Donald Trump winning the US Presidential election. Trump has been very vocal about his support for the crypto sector. According to reports, Trump plans to appoint pro-crypto candidates for the top cabinet positions in key financial agencies. The development may have led to an increase in VET’s inflow. Also Read: Trump To Appoint Pro-Crypto Candidates for Key Federal Agencies Investors and market participants likely anticipate lenient c...