VeChain has reached its highest level in two years, $0.7261. Last time the asset traded over $0.07 was in April 2022. VET is outperforming major crypto assets like Bitcoin (BTC), and Solana(SOL). Project’s Market Cap has also increased to $5.9 Billion. Analysts are optimistic about the performance of altcoins in 2019. They expect further gains.
VeChain’s innovative project, along with the strong support of its community could help to catalyze VeChain’s price over the next few months. The crypto market looks promising despite altcoins falling in price due to Bitcoin dominance. The fabled “buyer’s market” is also a reality. “Altcoin season” VET’s strong performance may lead to a 2025 high. Bulls therefore project a record high price for this asset.
VET, VeChain’s native cryptocurrency token, is 75% lower than its high of $0.2782 in 2021. VET would have to increase by 39% in order for it to reach $0.1. The asset has already risen by double in the last week. It is therefore likely that if altcoins continue to rally in December we’ll see VET rise beyond $1 before January. It opens up a world of possibilities in 2025.
Also Read: Litecoin Hits $130 After 3 Years: What Will LTC Be Worth in 4 Years?
VeChain may be able to keep up with altcoins that are aiming to reach new highs. VeChain’s 2025 price prediction could be even higher if the VeChain price holds above current resistance between $0.06 and 0.05.
CoinCodex believes that VeChain’s (VET), price could consolidate at its current level in the coming weeks. According to the platform, the asset is expected to rise from January 1st and hit the $0.10 threshold on Feb. 6th 2025. CoinCodex forecasts VET’s high to be $0.12 in February 2025. To reach $0.12 at current prices will require a rise of approximately 66.67%. This is far away from the all-time price high of 2025 but it’s certainly on its way.
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Source: watcher.guru
