The cryptocurrency market is present process a slight correction. Bitcoin (BTC) climbed to a brand new all-time excessive of $99,645.39 on Nov. 22, 2024. The authentic cryptocurrency couldn’t breach the $100,000 mark after Jim Cramer went bullish on the asset. Many imagine within the “inverse Cramer theory,” which suggests the reverse of what the analyst predicts will occur. VeChain (VET) follows BTC’s path. The asset has confronted a correction within the every day charts however has maintained vital beneficial properties within the different time frames.
VET Latest Price Ranges
VET is down 1.8% within the final 24 hours. Despite the correction, the asset is up by 37.9% within the weekly charts, 63.8% within the 14-day charts, 97.7% over the earlier month, and 98.9% since November 2023.
The cryptocurrency market started to surge after Donald Trump emerged victorious within the U.S. presidential election. Investor sentiment spiked on account of Trump’s pro-crypto stance. Market individuals anticipate lenient rules below Trump’s management.
VeChain Predicted To Hit $0.056
https://twitter.com/ali_charts/standing/1860810792024649896
According to outstanding cryptocurrency analyst Alir Martinez, VET is about to interrupt out from a bull flag. The analyst anticipates the asset to surge to $0.056, an increase of about 30% from present worth ranges.
CoinCodex analysts additionally current a bullish outlook for VeChain (VET). The platform anticipates the asset to breach the $0.056 stage on Jan. 4, 2025, a couple of month from now. The platform additionally predicts VET will breach the $0.080 mark by Feb. 11, 2025.
VET remains to be down by practically 85% from its all-time excessive of $0.281. The cryptocurrency has struggled to realize momentum like in the course of the 2021 bull run. The asset could hit a brand new peak if BTC breaches the $100,000 stage. We could witness one other 2021-like rally below such an occasion.
