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- VeChain shows strong bullish sentiment at 93.1%, topping Cardano and Injective, signaling rising interest.
- Price hovers near $0.024, but forecasts suggest room for growth.
VeChain ($VET) has taken the lead in bullish sentiment among the top 100 cryptocurrencies, reaching 93.1% according to the latest data from CoinMarketCap. This puts it ahead of Cardano at 92.9% and Injective at 91.1%. This rise in sentiment often precedes increased price activity as more investors begin to pay attention.
$VET is trading around $0.02442, reflecting a 1.33% daily increase and a 7.2% gain over the past week. Its market capitalization has reached $2.01 billion. Trading volume climbed by 25.28% to $53.01 million.
The derivatives market has also shown increased involvement. The 24-hour trading volume for $VET derivatives rose by 14.25%, reaching $58 million. Open interest climbed to $96.70 million, marking a 2.49% rise. The funding rate at 0.0109% indicates a slight bias toward long positions. This suggests traders are prepared to pay extra to keep their bullish bets active.
Strong Analyst Backing and Price Forecasts Fuel Investor Confidence
$VET is still far from the all-time high of $0.27, but analysts are showing renewed optimism. A prediction platform CoinCodex predicted a near-term target for $VET to reach $0.031, marking slow but steady recovery.
Analyst Brain2Jene provided his analysis on the trend, stating,
$VET looks poised to stabilize around current levels, potentially forming a solid bottom here. If this holds, I expect the journey to resume toward $0.04 and $0.05 in the next few weeks or months. There’s still plenty of upside ahead.
Another observer, Crypto Patel, provided the bullish outlook. Citing a breakout out of a Falling Wedge formation for the third time, he predicted a rally above trendline resistance could send the price to $0.045, a gain of 87.5% from current prices.
$VET’s momentum even extends to the blockchain development activity. CNF recently reported that VeChain has now taken third spot on the development activity chart with a massive 2,400% rise. That figure further cements the bullish momentum, showing developers are actively developing the platform with further enhancements.
On-Chain Growth and Developer Momentum Strengthen $VET’s Outlook
On-chain data by DeFiLlama indicate VeChain’s Total Value Locked (TVL) is now worth $5.77 million, increasing by 1.44% within 24 hours. The stablecoin market cap is valued at $287,515, while 24-hour DEX volume has touched $39,422. These metrics indicate the token’s prevalence within decentralized finance.
The VeChain team has made a public statement indicating further commitment to development: “Summer or winter, we build relentlessly. Mass adoption is the objective; VeChainThor is the protocol.” This shows that the project remains focused on long-term goals.
Sebastian.Vet, an established VeChain ambassador, has expressed his anticipation for the platform’s standing by Q1 2026. According to him, he sees VeChain as the most adopted enterprise-ready blockchain with the sole fully functional regenerative tokenomics loop. He further asserted with confidence, “Book it.”