- VeChain (VET) surged 6% daily and nearly 20% weekly, making it the second-best performer among top 100 cryptos.
- Market optimism followed Trump’s 90-day tariff pause and the appointment of a new, crypto-friendly SEC chair.
- Despite the rally, forecasts suggest VET could drop to $0.0189 by late May unless bullish momentum continues.
The crypto space’s finally got a bit of wind in its sails again. Bitcoin‘s slowly grinding back toward $86K, clawing its way up after dipping below $75K not too long ago. Overall, the global crypto market cap is sitting pretty at $2.8 trillion. That’s a solid rebound. And among the top 100, VeChain (VET) is suddenly on everyone’s radar again.
VET’s been on a mini run—up 6% in the past 24 hours, nearly 20% over the past week, and still in the green over the past two weeks. Zoom out a bit though, and it’s not all roses. The token’s still down 4% for the month, and a tough 47.3% since April last year. So, yeah—progress, but we’re not popping champagne just yet.
What’s Behind VET’s Surge?
One big thing? President Trump pressed pause on tariffs for 90 days—well, not for China, but for pretty much everyone else. That news gave markets a little breathing room and possibly sparked some risk-on energy across crypto.
Another boost came from Washington: the Senate just confirmed Paul Atkins as the new SEC Chair, replacing Gary Gensler. The crypto crowd had a complicated relationship with Gensler. Now, folks are hoping for a softer regulatory stance under Atkins—maybe even something close to a fresh start.
Oh, and inflation? It’s cooled more than expected. That’s opened up the door for possible rate cuts from the Fed—something that usually gets traders excited about putting cash back into higher-risk assets.
VET to $0.035? Or Nah?
So, where does VET go from here?
CoinCodex isn’t too bullish in the short term. They’re forecasting a drop to around $0.0189 by May 24—a roughly 22% dip from current levels. Not exactly the news holders want to hear.
Still, it’s crypto. Predictions age like milk sometimes. If Bitcoin stays strong, and if we do get that rate cut? VET might keep pushing higher. And if momentum holds, that $0.035 dream isn’t totally off the table.
Bottom line—VeChain’s showing signs of life, but the market’s still touchy. As always: eyes on the charts, and maybe don’t bet the farm just yet.
