What’s Behind the Rise of Utility Coins Like XLM and VET?

Utility coins like XLM and VET have registered significant gains recently. XLM surged 630% while VET gained 330% in the past few weeks. Proposed Fed adoption and retailers’ activity triggered a recent surge in utility tokens. Utility coins such as Stellar (XLM) and VeChain (VET) have seen remarkable growth during the latest cryptocurrency market rally, which has been largely driven by Bitcoin. While Bitcoin recently hit a record high of $100,000, XLM and VET delivered significantly higher percentage gains, grabbing the spotlight in the crypto community. Utility Tokens Like XLM, XRP, and VET Outpace Bitcoin’s Gains Since the start of the bull run, XLM surged by an impressive 630%, far outpacing Bitcoin’s 55% rise. Similarly, VET climbed by nearly 330%, offering retail investors nearly six times the returns Bitcoin provided over the same period. This stark difference in performance has sparked growing interest in utility tokens and their role in the evolving crypto market. Why Utility Tokens Are Stealing the Show Crypto analysts noted that recent market trends show retail traders leaning toward established utility tokens from previous bull cycles… The post What’s Behind the Rise of Utility Coins Like XLM and VET? appeared first on Coin Edition .

Source: Coin Edition