Here’s Why VeChain (VET) Looks Ready to Soar to ATH: Analyst
TL;DR
- Despite the recent decline, vechain (VET) has seen a nearly 60% increase in value year over year, with speculation that it will soon reach new highs.
- Analysts’ predictions are diverse; some expect a short-term rise to $0.06, while others predict a massive 2,500% rise to $1.
Despite falling significantly in the past week, VeChain’s native cryptocurrency VET remains among the best performers on a yearly scale, with its price up almost 60% (according to CoinGecko data).
VET Price, Source: CoinGecko
While it is currently trading at $0.04, some analysts believe that a new all-time high above $0.25 could be on the horizon. An example of this is popular X user Ali, who thinks VET is mimicking the price trajectory from June to December 2020.
According to the analyst, the asset may return to the “upper limit” at $0.032 in the coming days and then start to rise to $0.60.
Some of the Previous VeChain (VET) Price Predictions
Other analysts who have recently envisioned a bright future for VET include X users Clifton Fx and World of Charts. The former argued that the value of the coin could rise to $0.06 in the short term, while the latter assumed that $0.22 could be reached this summer.
The most optimistic prediction came from Flash, who believes VET is poised for a 2,500% rally towards its all-time high of $1.
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Approaching $1
pic.twitter.com/pic7N1WvvW
— FLASH (@THEFLASHTRADING) April 11, 2024
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