VeChain (VET) is currently one of the best-performing cryptocurrencies in the daily charts among the top 100 cryptocurrencies. According to CoinGecko data, VET’s price has rallied 7.2% in the last 24 hours, but is glowing red in the other time frames. VET is down 20% in the 14-day charts, 30.4% in the last month, and more than 75% since February 2025. Let’s discuss why VeChain (VET) is experiencing a price rally today, and if it a signal of a trend reversal.
What’s Behind VeChain’s Price Rally, And Can It Sustain?
VeChain’s (VET) latest price upswing could be due to the project’s real world benefits of its transaction model. According to an official post, the project has seen millions of transactions from enterprise partners in the last few days. The post highlighted how one transaction on VeChain carries many sub-transactions, which increases the network’s hash efficiency. The model also reduces fees and increases scalability.
Additionally, the rally may have been further fueled by VeChain’s advancements in the digital passport area. The project, along with Rekord and the University of Sheffield’s Advanced Manufacturing Research Centre (AMRC), is laying the foundation for industrial-grade scaling of digital passports. A DPP article on VeChain’s X page highlights the “European Union’s Ecodesign for Sustainable Products Regulation (ESPR) now in motion and the first Digital Product Passport (DPP).” VeChain is ready for the transition to digital passport, and investor may have experienced a surge in sentiment.
Also Read: VeChain Gains Zero, Falls 97% From Peak: Is It At Its Bottom?
However, given the larger bearish market environment, there is a high chance that VeChain’s (VET) price rally will be short-lived. Bitcoin (BTC) has dipped to the $67,000 price level and other assets are following its trajectory. Market participants are moving away from risky assets, preferring gold, silver, and other safe havens. Moreover, investors are likely to book profits after VET’s recent price surge.