VeChain (VET) has faced a 4.4% correction in the last 24 hours. However, the asset is still up by 22% in the weekly charts, 53% in the 14-day charts, and 53.2% over the previous month. Moreover, VET’s price has risen nearly 34% since February 2023.
Also Read: VeChain: Leading US Exchange May Integrate VET Amid Increased Interest
VeChain’s (VET) rally over the previous week could be due to the project’s V3TR trademark registration in the United States. The project aims to enter the financial transactions sector, covering billions in value.
ChatGPT predicts VeChain’s price after Bitcoin halving
Bitcoin’s (BTC) halving in April is the next big thing for the crypto market. Many analysts consider halvings bullish as they reduce the supply of an asset. Many investors anticipate a crypto market bull run, fuelled by the SEC’s (Securities and Exchange Commission) spot BTC ETF (Exchange Traded Fund) approval in January and BTC’s halving in April. If BTC rallies after halving, other cryptocurrencies, such as VeChain (VET), will likely follow.
Also Read: VeChain (VET) Rallies 58%, Can it Hit $0.08 Next?
According to the AI (Artificial Intelligence) chatbot ChatGPT, VeChain (VET) could surge to $0.15 after BTC’s halving. The price rise would translate to a growth of over 64% from current levels. Google’s Bard AI, on the other hand, anticipates VET to surge to $0.08-$0.12, a rise of about 90.48%-185%. Changelly, however, anticipates VET to trade at $0.05 till at least July of this year.
Popular crypto analyst Ali Martinez is also bullish on VeChain (VET). The analyst anticiaptes the asset to rise to $0.70 by November this year. The price spike would translate to a growth of about 1566% from current levels. Moreover, reaching $0.70 would be a new all-time high for VET.
Also Read: VeChain: When Will VET Reclaim Its All-Time High of $0.28?
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