Despite experiencing a recent decline, VeChain (VET) has seen a nearly 60% increase in value year-on-year, and speculation is growing that it could soon reach new highs. 📈
Analyzes are diverse; While some expect a rise to $0.06 in the short term, others predict a massive 2500% rally to $1. 💰
Despite falling significantly last week, VeChain's native cryptocurrency VET remains among the best performers on a yearly scale. It is currently trading around $0.04, with some analysts believing that a new all-time high above $0.25 is imminent.
For example, popular X user Ali thinks VET is mimicking the price trend from June to December 2020. According to the analyst, the asset could pull back to the "upper limit" of $0.032 in the coming days and then rally as high as $0.60.
Other analysts predicting a bright future for VET include X users Clifton Fx and World of Charts. According to the former, the value of the coin could rise to $0.06 in the short term, while the latter thinks that $0.22 could be reached this summer.
The most optimistic prediction came from Flash, who believes VET is poised for a 2500% rally towards the $1 all-time high.