New price prediction milestones for VeChain (VET)

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Crypto analyst Egrag recently released a price forecast for VeChain (VET) with three specific goals in mind, all of which seem like pretty high peaks.

A trio of price targets for VeChain set by Egrag Crypto


X’s recent chat mentioned VeChain. The coin VET is currently at $0.0295 and its all-time high was in April 2018, which hit a price of one cent (another value cryptocurrency). According to Egrag’s chart analysis, since 2021 VET has traded inside a descending parallel channel. On the charts are markers pointing toward an impending uptrend. VET’s first price target by the analyst is $0.11642, 289.4 % higher than its current value! The chart states that this target could be achieved in 2024.

Surprisingly, while Egrag proposes an all-time high as the next two targets for VET between 2024 and 2025. The second objective is to $1.05737, a rise of more than 3436% from today’s price and an increase of over 278 % on its previous record high. Most ambitious, VET needs a 7592 % rise to hit $ 2.3 is the third target.

Is a VeChain price surge coming?


Past VET analyses by Egrag identify conditions necessary for a VeChain rally. The analyst says that for such a price surge to be confirmed, the price needs to close above $0.035. At present Vechain’s market cap is close to US $ 2 billion, and its current trading volume in the last day was approaching US $ 50 million. Ranking by daily turnover put it at number thirty-eight among all cryptocurrencies.

Disclaimer: This is an article for information only, not financial advice. Due to the high volatility, this is an investment at your own risk and investors should do their due diligence.

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Disclaimer: All content found on thecryptotime.com is only for informational purposes and should not be considered as financial advice. Do your own research before making any investment. Use information at your own risk.

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