VeChain (VET), VeThor (VTHO) Compensate Over-Selling with Robust Gains

Cryptovest

Published Aug 17, 2018 09:10AM ET

Updated Aug 17, 2018 10:20AM ET

VeChain (VET), VeThor (VTHO) Compensate Over-Selling with Robust Gains

VeChain (VET) is recovering fast after recent lows, and is just 30% below its all-time peak. VET added more than 39% overnight to $0.014, up a net 35% in the past seven days. VeChain trading is also picking up as the smoke clears around the token swap, and volumes have grown from recent lows of $18 million in 24 hours to above $84 million.

The special reward asset for staking VET, the VeThor (VTHO) token also started to recover from recent lows, jumping by 55% overnight, to $0.003.

For VeChain, the new numerous supply of VET tokens will start to be locked in nodes for staking. This is the project’s biggest appeal, as node lockdown periods have coincided with ...


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