Venice Token Surges Past $25 After 112% Rally

The lesser-known cryptocurrency Venice Token (VVV) has surged to a new all-time high after rallying by roughly 112% over the past month.

Its price exploded to almost $30, but shortly lost some gains and now trades around $25.60 (per CoinGecko), up about 42% in 24 hours.

The asset's market capitalization surged past $1.2 billion, surpassing popular altcoins like Pi Network (PI) and Arbitrum (ARB) to become the 68th-largest cryptocurrency.

Some analysts believe holding onto VVV from here on could be risky, suggesting profit-taking might be the smarter move due to its high Relative Strength Index (RSI), which has jumped above 80 into extreme overbought territory.