VeChain (VET) is showing recovery signs after the recent crypto market sell-off. VET is up by almost 3% in the daily charts and 9% over the last week. Moreover, the token is up by 18.7% since January 2023. However, the asset is still down by over 5% in the 14-day chart and 17.6% since the previous month.
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When will VeChain (VET) reclaim its all-time high of $0.28?
VET is currently down by almost 90% from its all-time high of $0.28, which it attained in April 2021, nearly three years ago. According to Changelly, VET could reclaim its 2021 peak sometime in January 2030, about six years from now. Moreover, the platform anticipates VET to breach the $1 mark sometime in June 2033, over nine years from now.
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Telegaon, on the other hand, is more bullish on VeChain (VET) than Changelly. According to the platform, VET could reach its all-time high as early as 2027, around three years from now. Moreover, Telegaon anticipates VET to breach the $1 mark by 2029, around five years from now.
VeChain’s (VET) price will likely follow the crypto market trend. If we enter a bull run later this year, as many analysts have predicted, VET’s price could surge to new highs faster than previously anticipated. Bitcoin (BTC) will undergo its next having cycle in April this year, which may usher in another bull run for the crypto market.
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However, there is also the possibility that the halving cycle is another “sell the news” event, which does not move the market much. In such a scenario, VET’s price may stagnate for much longer.
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