Yesterday’s VeChain news was all about the listing of their token VET and VeThor (VTHO) on Coinbase. The potentially significant impact on the price of VET was felt as soon as the announcement was made, with the token rising nearly 10%.
The sentiment across the broader crypto market could help VeChain price if bulls manage to hold above $0.015. As highlighted by market intelligence and data analytics platform Santiment, VeChain’s native asset’s gains were mirrored, albeit more significantly, by VTHO.
With VeChain’s recent development milestones – particularly on key partnerships for interoperability, healthcare, supply chain management and environmental sustainability – it appears bulls have what could be crucial in terms of pushing prices higher. The intraday high of $0.0168 is an area where bears dominated when prices fell in June and in mid-August, though profit-taking at current prices could trigger further losses for VET, with the key price levels to watch being $0.014 and $0.013.
