VeChain (VET) Quickly Gains Ground After Crash
Cryptovest
Published Aug 16, 2018 09:45AM ET
Updated Aug 16, 2018 11:20AM ET
VeChain (VET) Quickly Gains Ground After Crash
VeChain (VET) is one of the stronger gainers following the recent market crash, adding another 35% to its price to break above the $0.01 barrier again. VET had its deep crash even before the most recent bout of selling, and was sometimes seen as a defunct asset.
VET started pumping at 6:00 EST, on slightly increased volumes of around $34 million, or 5,276 BTC. The reward asset for VET, VeThor (VTHO) also appreciated by around 13%. However, the newly traded token is down more than 82% net this week, as its price is still in the stage of initial discovery.
The value of VTHO would also define the value of VET, and the return on the investment of running a VeChain node. For now, both the price for buying starter nodes, and the value of rewards, has fallen.
The new VET tokens have already been integrated by exchanges, and recently, KuCoin opened withdrawal services. KuCoin was o...
This article appeared first on Cryptovest
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