Investor focus shifts as altcoins spark bullish bets and suspicion

On September 15, VeChain's fuel token VTHO soared more than 100%, while VET rose 10%. Altcoins are in a strong overall momentum as Bitcoin and Ethereum stagnates. VTHO supports VeChain's enterprise blockchain to achieve supply chain transparency and has established partnerships with companies such as LVMH. Technical analysis shows that VET is testing the key support level of USD 0.02, and if it remains stable, it is expected to rise further. However, the rapid rise of tokens like HIFI, which soared 200%, has sparked concerns about speculation rather than fundamentals, prompting markets to remain cautious amidst turmoil.