VeChain (VET) has performed substantially well over the last few days. The asset is up by 0.9% in the weekly charts, 18.3% in the 14-day charts, and 15.8% over the previous month. The asset is also up by 43.5% since October 2023. Despite the rally, VET has faced a 1.9% correction in the daily charts.
While VET is a popular cryptocurrency that has displayed robust growth over the last few days, let’s find out if the asset can breach the 10-cent mark this year.
Also Read: Bitcoin Falls to $63K After Fed’s Rate Cut Hints: Investor Alert!
Can VeChain Hit 10 Cents In Q4 2024?
Current Price Levels And Predictions
A surge of roughly 301.6% is anticipated if current price levels reach 10 cents.
According to Changelly, VET will trade at $0.0293 throughout the fourth quarter of this year. Reaching $0.0293 from current price levels will translate to a rally of about 17.6%.
Also Read: Shiba Inu: What A $100 Investment During Its Launch Net You Today?
Long-Term Predictions
Changelly analysts predict VET to breach the 10-cent mark in October 2027, exactly three years from now.
Bullish Predictions From Telegaon
Telegaon, on the other hand, is more bullish on VET than Changelly. The platform predicts the asset will hit a maximum price of $0.15 this year. Despite the bullish forecast, Telegaon does not clarify the month in which VET may hit the 10-cent target.
Also Read: Ripple To Break Consolidation? When Will XRP Claim Its $0.74 Level?
Environmental Initiatives And Future Growth
VET is a robust project with solid inclinations to engage in environment-related initiatives. Climate change is a global problem that has taken center stage. VET’s climate and environment-related projects make it a strong contender for future growth that could witness a significant price spike over the next few years. However, how the asset’s journey unfolds is yet to be seen.
Credit: Source link
