VeChain (VET) has been on an impressive rise for the past few days. Even when the market was bearish and Bitcoin was trading in red, the VET token was still trading in green. The rise in price started after it was launched on VeChainThor. VET isn’t the only token rising, VeChain VTHO is also rising. This morning, the VET token showed gains recovering greatly against the USD which suggested that the recent slide in price was excessive.
VeChain (VET) And VeChain (VTHO) Gain Ground
The price of VET went as high as $0.016 around 2:04 UTC today according to the price analysis by Christine Masters on Cryptoinvest. It recovered to this level after the new token was launched. However, it later shed some of the gains. The former VeChain token, VeChain(VEN), hit an all time high of $8 in January during the industry-wide rally. This figure is equivalent to $0.08 of the new VET token.
VeChain (VET) Price Today – VET / USD
VeChain has often been overlooked in the cryptoverse. The VeChain (VTHO) was airdropped on August 1st to all VET holders who registered before hand. The dividend asset also showed a decent price recovery with the price rising from $0.0014 to $0.006 before retreating to $0.05 early today. The price of the asset is still not anywhere near its peak price. The VeChain (VTHO) asset is a reward which can also be sold on exchanges. However, VeChain has only issues one token according to the official announcement on Twitter.
OCE tokens are owned by OceanEx. OceanEx is a marketplace for digital assets that depends on artificial intelligence for trading and security. A new token insurance has been performed by OCE and it is an equivalent to the ICO tokens on VeChain. All qualified participants will need to meet the minimum buying requirements for OCE which is about 50,000 VET.
The token swap from VEN To VET will be ongoing until September 10 but some exchanges, like KuCoin, have reportedly completed the process.