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VET Gains 90% in December; Analyst Sees $0.63 in 100 Days

Published 05/12/2024, 17:10
Updated 05/12/2024, 23:16
VET Gains 90% in December; Analyst Sees $0.63 in 100 Days
VET/USD
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COIN
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Coin Edition -

  • VeChain (VET) surged nearly 90% in the first three days of December.
  • The recent rally highlights VET’s rediscovered bullish momentum.
  • A crypto analyst predicts a $0.63 all-time high for VET in the next 100 days.
VeChain (VET) surged nearly 90% in the first three days of December 2024 to grab crypto analysts’ attention. This rally added to the crypto token’s post-election bullish run after VET broke out of a descending channel.Altogether, the supply chain management-focused crypto asset has gained almost 330% since the beginning of November. VET opened trading at $0.019 on November 5 before rallying to $0.08 by December 3. However, a slight retracement pushed the price lower to $0.067 at the time of writing.

Analyst Predicts Massive Rally for VeChain (VET)

Following VET’s performance, a market watcher on X predicted a massive rally for the cryptocurrency in the next 100 days. The analyst based his prediction on VET’s historical behavior, highlighting how the altcoin’s recent performance mirrored last cycle’s 65% dump.

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