TL;DR
- VeChain’s (VET), despite a recent drop, has experienced a 60% year-over-year increase in value. There are rumors that the VeChain will soon reach new heights.
- Some analysts predict a short-term increase to $0.06 while others see 2,500% growth to $1.
VET price gearing up for peak?
Despite plunging significantly in the past week, VeChain’s native cryptocurrency – VET – remains among the best performers on a yearly scale, with its price rising by almost 60% (per CoinGecko’s data).
Some analysts think a new high of $0.25 is on the way. Ali, a popular X-user believes that VET’s price will follow the same trajectory as its own from June 2020 to December 2021.
The analyst believes that this asset can retrace back to its original location. “upper boundary” The price will then rise to $0.60 in the next few days.
#VeChain The price movement from June 2020 to December 2021 is similar to the previous year. If the pattern continues, $VET The channel upper limit at $0.032 could be a trigger for an extended bull run. pic.twitter.com/PVkpJZXW34
— Ali (@ali_charts) April 16, 2024
The VeChain Price Forecasts from the Past
Clifton Fx as well as World of Charts are two other analysts that have recently painted a picture of a promising future for VET. The latter maintained In the short-term, the value of the coin could increase to $0.06 while in the long term it is assumed that $0.22 may be achieved this summer.
Flash was the most confident, believing that VET will reach a record high price of $1.
Good morning!☕️#Vechain $Vet 1d
Around $1💪🚀 https://t.co/lC93xLRuEE pic.twitter.com/pic7N1WvvW
— FLASH (@THEFLASHTRADING) April 11, 2024
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Source: cryptopotato.com