VeChain

Show

Stellar

Rise

Gains

<ul class="wp-block-list news-points">
 <li><strong>Utility coins like XLM and VET have registered significant gains recently.</strong></li>
 <li><strong>XLM surged 630% while VET gained 330% in the past few weeks.</strong></li>
 <li><strong>Proposed Fed adoption and retailers’ activity triggered a recent surge in utility tokens.</strong></li>
</ul>
<p>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.</p>
<h2 class="wp-block-heading" id="h-utility-tokens-like-xlm-xrp-and-vet-outpace-bitcoin-s-gains">Utility Tokens Like XLM, XRP, and VET Outpace Bitcoin’s Gains</h2>
<p>Since the start of the bull run, XLM surged by an impressive 630%, far outpacing Bitcoin’s 55% rise. Similarly, <a href="https://coinmarketcap.com/currencies/vechain/'" target="_blank" rel="noopener noreferrer nofollow">VET</a> 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.</p>
<h2 class="wp-block-heading" id="h-why-utility-tokens-are-stealing-the-show">Why Utility Tokens Are Stealing the Show</h2>
<p>Crypto analysts noted that recent market trends show retail traders leaning toward established <a href="https://coinedition.com/lucre-way-makes-a-power-play-on-probit-global-aims-to-redefine-utility-tokens/" rel="noopener noreferrer nofollow">utility tokens</a> from previous bull cycles…</p>
<p>The post <a href="https://coinedition.com/whats-behind-the-rise-of-utility-coins-like-xlm-and-vet/" rel="noopener noreferrer nofollow">What’s Behind the Rise of Utility Coins Like XLM and VET?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

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

Table of Contents

Coin Edition

Other articles published on Dec 9, 2024

Grayscale Joins Race for Spot Solana ETF

Ethereum ETFs report a net positive flow, with a record inflow of $428 million

Invest in BTFD Coin’s Presale Now if You’ve Lost Your Chance with Baby Doge Coin’s ICO

Active Dogecoin Wallets Hit 9.5 Million: A Step Toward Mainstream Use?

BitOasis Secures Full VASP License from Dubai’s VARA

Scottie Pippen Dreams of Satoshi Nakamoto and Shares Vision of BTC with Gates and Bezos

Join our free newsletter for daily crypto updates!