The cryptocurrency VeChain (VET) has risen in price by 68% over the week.

The cryptocurrency VeChain is experiencing a massive price surge. Despite technical and economic improvements, the rise in price is clearly driven by wild speculation.

The digital asset VeChain (token VET) has increased in price by 68% over the week. In the last seven days, no other cryptocurrency has risen as much as the VET token. On February 16, the coin was trading at around $0.05 and is now ranked 28th in the list of cryptocurrencies by market capitalization.

The current price increase occurred suddenly and without any significant changes in the blockchain. An analysis of trading volume shows just how enormous the demand for VET is at the moment. By this indicator, VeChain could even make it into the top 10. In the last 24 hours (from February 15 to 16), the trading volume was $900 million.

The BNB token, ranked eighth among leading cryptocurrencies, has nearly doubled in price during the same period.