Venice Token (VVV) reached a new all-time high near $30 before pulling back to around $25.60, representing a gain of approximately 42% in 24 hours. Its market capitalization exceeded $1.2 billion, ranking it as the 68th-largest cryptocurrency and surpassing established assets like Pi Network and Arbitrum. The project team announced the burning of $391,000 worth of VVV, marking the largest amount ever sent to a null address. Several analysts remain optimistic and anticipate further upside toward $29.20 or even $35, while others caution about risks at current levels. The Relative Strength Index (RSI) stands above 80, indicating extremely overbought territory that could trigger a price pullback.
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