VeChain (VET) recently witnessed a massive rally, hitting a new yearly high of $0.038. However, the token has faced a 0.3% correction in the daily charts, with its price falling to $0.036. Nonetheless, VET is still up by 5.6% in the weekly charts, over 27% in the last 14 days, and more than 68% over the previous month. Since January of this year, VET’s price has surged by nearly 140%, rivaling that of Bitcoin’s (BTC) almost 156% growth in the same time frame.
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VeChain (VET) could rally over 5000% and hit $2
According to crypto analyst Raidenx, VeChain (VET) could hit a high of $2 in 2025. The analyst says that VET is unlike any other crypto project. He also shared a statistic that showed that Google searches for “VET” went up 72% last week.
Raidenx also points to VeChain’s (VET) 188x returns in its first cycle. The analyst further highlights that the project moved from the ETH ERC-20 blockchain to its new blockchain. The analyst also states that “VET has increased its visibility tenfold through new partnerships.“
Also Read: VeChain (VET) Predicted to Rally 185%, Hit $0.077: Here is When
However, analysts at Changelly predict that VET won’t hit $2 in 2025. Instead, the platform predicts that the asset could reach $0.077 by December 2025. According to Changelly, VET won’t hit $2 by at least 2040, almost 16 years from now.
Nonetheless, there is a possibility that VeChain (VET) could breach at least the $1 mark during the next bull run. Analysts predict the cryptocurrency market could enter a bull run in 2024, fuelled by the high probability of a spot Bitcoin (BTC) ETF (Exchange Traded Fund) approval and BTC’s halving event in April. Both developments could usher in a 2021-like bull run, if not better. In such a scenario, VET might hit a new all-time high and surpass the $1 mark.
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