2-Crypto is suddenly extremely popular, surpassing ETH and SOL in volume on Bitvavo

In the top 3 most traded crypto coins Bitvavo There are two surprises today, names you wouldn’t necessarily expect to be so high on the list. Today, these two altcoins are beating established and big names ether (ETH) and Solana (SOL). This affects VeChain (VET) and VeThor Token (VTHO). Read on to find out what lies behind the popularity of these crypto coins.

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VeThor almost takes the lead

Currently, VTHO’s 24-hour trading volume on Bitvavo is a massive $41.1 million. This makes it pretty close to the volume of Bitcoin: $45.9 million. This is a testament to the altcoin’s popularity, but could it be the cause of this sudden surge?

VTHO is a token within the VeChain ecosystem. In the last few days, VTHO has risen dramatically; about 90% in a week! Although the price corrected again today by around 20%, these huge price movements explain the huge volume on Bitvavo today. Volatile cryptos often have high trading volumes. VTHO’s huge rise has everything to do with developments surrounding VeChain, VTHO’s parent network.

VeChain network on the rise

VeChain (VET) is the second coin that seems to be popular among traders on Bitvavo today. Vocational training is actually inextricably linked to the VTHO. It is therefore no surprise that both coins are in the top 3 today.

VeChain has been very successful in the last few days and was able to put itself in the spotlight with a huge price increase. Attention was completely focused on VET while Bitcoin price was busy breaking through key zones.

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Yesterday the price of vocational training rose by at least 24% in one day. This increase was most likely related to an important announcement from the VeChain team. The Account Abstraction update has been successfully rolled out and should usher in a new phase of interoperability between VeChain and other crypto networks. The price reacted extremely positively to this news, resulting in sky-high trading volume on Bitvavo!

At the time of writing, VET is at $0.0464, up just over 5% in the last 24 hours. If we zoom out, the image looks much better. VET has increased by 57% in the last 7 days.

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