The market value of VeChain cryptocurrency has grown by 73% over the past five days, updating its two-year high. Thanks to this, the coin returned to the top 20 digital currencies by capitalization.
Over the past day, VET has risen in price by 50%, almost reaching $ 0.016. After this, quotes began to decline, but this morning the cryptocurrency again showed growth. VET is currently trading at $ 0.15, according to CoinGecko.
Chart VET / USD by CoinGecko
Trading volumes increased 5.5 times, exceeding $ 875 million. Altcoin's capitalization currently stands at $ 958 million.
One VeChain supporter noticed a purchase order for 59,668,559 VET ($ 893,238), placed by an anonymous investor on the Bitrue exchange.
Shortly before the start of the rally, VeChain Foundation announced its participation in the World Conference on Artificial Intelligence in Shanghai, which will be held from July 9 to 11. Companies such as Microsoft, Alibaba and Amazon will take part in it, and the city government is the sponsor. The project will open a blockchain session of the event.
Recall that in mid-June, the American cryptocurrency exchange Coinbase announced a possible listing of VET.
In May, VeChain joined the APAC Provenance Council consortium, which implements pilot supply chain tracking projects in the Asia-Pacific region.