Crypto CurrencyNews

VeChain charts 23% weekly growth as Chinese officials talk usage post-epidemic

The price of VeChain (VET) extended its rally on Wednesday, building off a solid week of gains following discussions with Chinese government officials centered on a post-epidemic health response. 

VeChain rose 2% on Wednesday to reach $0.011669, according to CoinMarketCap. Over the past seven days, the supply-chain management cryptocurrency is up over 23%. Only two other top-30 coins — NEM (XEM) and Chainlink (LINK) — have outperformed VET over the past seven days.

Source: CoinMarketCap

At current values, VeChain has a market capitalization of $751 million.

The cryptocurrency’s uptrend appears to have coincided with a meeting of high-ranking officials from China’s Hubei Province, VeChain and DNV GL Global, a global risk management firm, early last week.