VeChain (VET) And Ontology (ONT) Rise By Over 50% Within One Week 

In a bearish month, VeChain has outperformed other cryptocurrencies accumulating more than 50% within this week alone. Along with Ontology, VeChain has seen a significant growth in price. VeChain (VET) is currently ranked as the 19th largest cryptocurrency in the market per market capitalization.

VeChain (VET) Price Today – VET / USD

Name Price24H (%)
Bitcoin (BTC)
$10,945.00
8.31%
VeChain (VET)
$0.005735
5.20%

On the 17th of August, the VET token was listed on KuCoin. This listing led to a 32% rise in price. During this same week, the platform celebrated the anniversary of its initial coin offering. On the 20th of August, VeChain Foundation also announced that the ecosystem token OCE is now being minted on the VeChainThor blockchain. The announcement marked a new milestone for the VeChain community.

VeChain And Ontology Price Analysis

At the time this piece was written, VeChain (VET) was priced at 29 0.0137. While it is down by 5.54% within a 24-hour period, it is up by 60.60% within 7 days. Monthly, VeChain (VET) is down by 8.6%. The projects in store and the good news within the community must be contributing to the rise in price.

Ontology, a public multi-chain blockchain project based in Singapore, has also seen significant increase in the price of its ONT token. For the past few months, the project has been hosting different mainnet events around the world and has many more in store. Most of the events attracted more people than expected.

With the Mainnet was launched on the 30 of June, the Ontology (ONT), has proven to be a high volatility token. At the time this piece was written, the ONT token was trading at $2.12. Even if it is down by 3.3% within 24 hours, it is up by 50.35% within seven days. The recent price spikes may be directly linked to the mainnet events that have been taking place worldwide. The next few trading sessions will determine if the price action is going to change.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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