Journal - Page 64 of 2677 - CaptainAltcoin

Journal

Here’s Why VeChain (VET) Price Is Pumping Today VeChain price is back in the green today and leading market gains. The token is up nearly 4%, trading around $0.02599, with trading volume soaring by more than 200% in the past day. After weeks of relatively quiet price action, VET has caught traders’ attention once again, and several catalysts are driving the move. The biggest factor behind VET’s recent strength is the success of the StarGate staking program. Since July 1, over 4.75 billion VET (roughly $125M) has been locked up, with participants earning 5.48 billion VTHO (~$15M) in rewards. Read also: Avalanche (AVAX) Price Tests the Ceiling – Here’s When Traders Might See the Next Big Push This has had a clear impact on supply dynamics. With such a large share of tokens effectively taken off the market, VET’s inflation rate has dropped significantly. Analysts like Michael van de Poppe have pointed out that these kinds of supply shocks often align with historical rallies, and the numbers suggest that VeChain may be entering a similar phase now. The logic is simple: less liquid supply, combined with the incentive of staking yields, makes VET more scarce. If demand picks up even slightly, prices can rise quickly. Another important piece of the puzzle is institutional adoption. VeChain announced two major developments: a BitGo partnership on July 29, which brings regulated custody for investors, and the inclusion of VET in Franklin Templeton’s $780M tokenized fund just days earlier. While these headlines didn’t deliver an immediate price pump, in fact, VET price dropped 11% after the Franklin Templeton news, they add credibility to the project’s long-term positioning. For ESG-focused funds and compliance-driven institutions, custody solutions and tokenized fund access matter. The real impact of these moves will likely become clearer in Q4, when inflow data on the VeChainThor network starts to surface. Read Also: Kaspa Short-Term Price Outlook for Next Week VeChain Price Technical Setup Turns Bullish Looking at the charts, VET breakout is another reason traders are getting excited. After years of being stuck under stubborn resistance, VET price finally broke out of its all-time downtrend in mid-2024. *Since then, the price has been oscillating, making higher lows and holding support in the $0.022–$0.025 range.* Crypto analyst Javon Marks highlighted the breakout in a recent update and set a very ambitious target of $0.25315. He argued that the move could deliver an 840% increase from current levels if momentum holds. The chart supports his thesis: the breakout is real, and if VET price manages to sustain higher lows and push above $0.030, it could unlock much bigger moves in the coming months. Read Also: How Much Will 2,000 Arbitrum Be Worth by 2026? ARB Price Prediction Image Source: X/JavonMarks The Bottom Line VeChain rally today isn’t just another random pump. It’s being fueled by meaningful supply-side changes through staking, growing institutional validation, and a strong technical picture that has broken years of resistance. Short-term traders will be watching whether VET price can push above $0.030, which would confirm momentum and open the way toward $0.05. Moreover, long-term investors, meanwhile, are keeping their eyes on the bigger target: the potential for VET to revisit levels above $0.25 if adoption and scarcity trends continue. For now, VeChain looks like one of the few altcoins combining on-chain fundamentals with institutional support and bullish technicals, a mix that explains why it’s pumping today.

Here’s Why VeChain (VET) Price Is Pumping Today

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