Where Will VET Go Next?

VeChain (VET) is finally seeing some positive price action after years of stagnation. CoinGecko data shows that VET’s price has risen by 33.1% in the last week, 54.2% in the 14-day charts, and 55.2% over the previous month. Let’s discuss why VeChain’s (VET) is surging, and if the asset’s price will continue to rise over the coming days.

What’s Pushing VeChain’s Price Rise?

VeChain’s (VET) price rally came after Bitcoin (BTC) turned bullish. BTC reclaimed the $80,000 mark earlier this week, leading to a market-wide resurgence. VET is most likely following BTC’s trajectory.

VeChain (VET) and the larger cryptocurrency market rally was triggered by a few factors. Firstly, President Trump’s cryptocurrency event in the White House led to a massive surge in investor confidence. Trump stated that the US plans to purchase a large amount of Bitcoin (BTC) and other cryptocurrencies.

Also Read: Wall Street Turns Bullish On Bitcoin: Predicts $100k+ By Year End

Another factor that may have played a hand in VeChain’s (VET) rally is the US Treasury’s decision to increase bond buybacks. The move led to an increase in liquidity, which may have entered the crypto market.

Thirdly, inflation came in cooler for July 2026, and the pattern may continue for August as well. Lower inflation may lead to the Federal Reserve cutting interest rates later this year. Hopes for lower rates may have also boosted VeChain (VET) inflows.

Will The Rally Continue?

The cryptocurrency market recovery has some risks that may lead to a price correction for VeChain (VET). Firstly, the US Treasury will need to refill its pockets and we may see a liquidity drain from the cryptocurrency market. Such a move could lead to a big dip for VET.

Secondly, while inflation has dipped, it is still above the Federal Reserve’s 2% target. Although rates may fall, there is an equal chance that the Federal Reserve will raise rates to counter high costs. Such a move could also spell trouble for VeChain (VET).