Old Y briefly discusses $VIC 's recent surge
$VIC skyrocketed from 0.157 to 0.3628, the increase is indeed quite fierce, and the underlying logic is not hard to understand:
First, there is substantial cooperation news materializing, collaborating with WSPN and NinetyEight to promote the stablecoin WUSD. Once this serious collaboration news came out, the market naturally felt that this coin had potential, and funds were willing to enter and drive up the price.
Then the trading platforms also provided support, as Gate and Bitget listed its perpetual contracts, allowing for 50x leverage. This effectively gives players an additional channel for leveraged operations, increasing the incoming funds, and with strong buying pressure, it becomes difficult for the price not to rise.
On-chain, there are also reports that long-dormant old addresses are gradually increasing their positions, and trading volume has been consistently rising in recent days. When large funds move, retail investors are easily influenced to follow suit, and with the market becoming more active, the momentum for price increases is even stronger.
The VIC public chain itself has some merits; it has fast transactions, low fees, and does not require users to hold native chain tokens for gas fees, making it easy for developers to migrate, thus lowering the barriers for ecosystem expansion. With these technical advantages in place, it is natural for some to be willing to position themselves ahead of time.
Additionally, its market cap was indeed not high before, compared to other mainstream public chains, the price seemed undervalued, and many people felt there was arbitrage opportunity, seizing the chance at a low point, which also pushed the price upward.
Finally, there is community enthusiasm; it has recently been rumored that it might engage in new collaborations related to AI and Web3 games. Although there is no solid evidence yet, the discussions have been lively, and as attention rises, funds are easily attracted, further driving up the price.
