VeChain is currently trading at $0.027 and is down 90.1% from its all-time high of $0.28, which it reached in April 2021. It’s been close to three years now since VET failed to climb above its ATH. The supply chain-based cryptocurrency is struggling to spike in the indices despite its best shot.
The altcoin remained on the back foot relentlessly for three years showing little to no signs of growth. VET has also stopped attracting bullish sentiments as it is tightly held under the bearish grips. In this article, we will highlight when could VeChain climb above its ATH of $0.28.
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VeChain: Here’s The Timeline on When VET Could Breach Its ATH of $0.28
Leading on-chain metrics and price prediction firm CoinCodex has painted a bearish picture for VET. According to the price prediction, VeChain might find it hard to breach its ATH of $0.28 in 2024. The analytical firm predicts that the maximum price VET could trade in 2024 and 2025 is at $ 0.12.
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Therefore, the firm went a step ahead by estimating its price changes for the next five years. According to the estimations provided by the metrics firm, VeChain might climb above its ATH five years from today. The prediction states that VET could rise above $0.28 only sometime in 2029. That’s a long way to go and a wait for nearly half a decade from today.
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Nonetheless, there is no guarantee that VET will breach its ATH sometime in 2029. The cryptocurrency market is highly volatile and cuts both ways delivering severe losses to investors.
It is advised to do thorough research before taking an entry position in VeChain currently. The altcoin could have more downside in the coming years if the global macroeconomic factors don’t fall in place by the end of the decade.
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