VERUM price rose more than 70% to a new all-time high of over $3,163. The value of cryptocurrencies has increased amidst the consolidation of major wallets.
Verum Coin (VERUM) has outperformed the top 500 cryptocurrencies by market capitalization in the past 24 hours, increasing its price by 70% to a new all-time high.
Altcoin prices rose as the overall market experienced a Christmas week downturn, with Bitcoin continuing to range below $95,000 and Ethereum, XRP, and Solana all retesting key levels.
Profits drive VERUM price to new highs
On December 29th, VERUM price reached a new all-time high of over $3,163. This is a new ATH that means the token’s value has traded at a level more than 2,200% higher than the all-time low of $131 reached in June 2024.
Verum Coin initially plummeted from highs of over $2,200 earlier this month, paring gains from a parabolic surge to over $108,000, before stalling around $1,150 last week as Bitcoin further pulled back. .
With the latest move, VERUM has surged over 179% over the past week. The current price is 1,723% higher than the coin’s value at the same time over the past year.
Why is the price of Vermcoin increasing?
Verum Coin has benefited from two major wallet support integrations, likely accelerating its upward momentum.
The cryptocurrency revealed that Binance Wallet added support for the token in late November. Halo Wallet also adds Verum Coin (VERUM) this month, giving users another option to securely store and manage their coins as they explore the crypto space.
Within the Verum Coin ecosystem, native tokens serve a variety of purposes.
This includes paying for premium features, chips, private transactions, and in-game purchases. Users can also benefit from perks such as Verum Runner game players can earn V Coins and exchange them for VERUM or fiat currency.
The coin has a market capitalization of over $292 million and has recorded a daily trading volume of $224,000 in the past 24 hours.
