VeChain

Cronos

April

Rise

<ul class="news-points"> 
 <li><strong>VeChain has seen a significant spike in price in the last month.</strong></li> 
 <li><strong>The altcoin’s price now sits at its highest level since the year began.</strong></li> 
 <li><strong>It has also surpassed Cronos in terms of market capitalization.</strong></li> 
</ul> 
<p>VET, the coin that powers the smart contract blockchain <a href="https://coinedition.com/tag/vechain-vet/">VeChain</a>, has seen remarkable growth in the last week, pushing its price to a new yearly high of $0.38.&nbsp;</p> 
<p>According to data from CoinMarketCap, in the last week, the altcoin’s price rallied by 12%. During the same period, its market capitalization rose from $2.41 billion to $2.69 billion, causing it to replace Cronos (CRO) as the 35th largest crypto asset in terms of market cap.</p> 
<div class="wp-block-image"> 
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  <img decoding="async" src="https://lh7-us.googleusercontent.com/TxZo5pc4HoPPjrmaBW79ZJdWDowdsmgwciO7TicOuinsUJ8_PPQGQTPut_M4DhNyYjeG2KxOKtdDTFewTW69boUIR9c8oSgaJ9wiGxYt5vP2pT7FId3EE7ScHoj5UD1CrsFxymQ3k80YfD5G9-NpkVE" alt="" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   <em>Cryptocurrency Prices by Market Cap (Source: <a href="https://coinmarketcap.com/" target="_blank" rel="nofollow">CoinMarketCap</a>)</em>
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 </figure>
</div> 
<h2 class="wp-block-heading" id="h-vet-logs-rise-in-open-interest"><strong>VET Logs Rise in Open Interest</strong></h2> 
<p>In the coin’s futures market, open interest has risen steadily since December 1. At $46.05 million, VET’s futures open interest was spotted at a high last observed in April 2022, data from <a href="https://www.coinglass.com/currencies/VET" target="_blank" rel="nofollow">Coinglass</a> showed.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/hmaVYzG-Vtxm1nQX3WpRE_nsSB8ULMcNJ1_m_oDBBsmzj8bG0lzdCPL25tnqS9s1PgC_IHMHKZiy93FDPbm2sqsV8B95OTOaeqvNODGLKCIDTPZZ-cSTLgP_0edK2Hyhvo2LG0qNqp_2zdF2s1sMktA" alt="" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   <em>VET Futures Open Interest (Source: <a href="https://www.coinglass.com/currencies/VET" target="_blank" rel="nofollow">Coinglass</a>)</em>
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 </figure>
</div> 
<p>For context, the coin’s open interest was less than $20 million when the month started, showing that it has grown by 142% in the past 25 days.</p> 
<p>When an asset’s open in…</p>
<p>The post <a href="https://coinedition.com/vechain-rockets-to-a-new-high-overtaking-cronos/">VeChain Rockets to a New High, Overtaking Cronos</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

VeChain Rockets to a New High, Overtaking Cronos

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