VeChain aims for the target of 0.05 USD

VeChain (VET) is targeting to overcome the resistance level of 0.05 USD amid the positive sentiment in the cryptocurrency market, especially after the launch of VeBetterDAO. November has seen a strong growth of VET, with an increase of over 97% in the past 30 days, peaking at 0.05085 USD before a slight decline. Currently, VET is trading around 0.045 USD and analysts believe it may continue to rise before the end of 2024, especially if the cryptocurrency market maintains an upward trend.

Some predictions from analysts about the future of VET are also very optimistic. Telegaon predicts that VET could reach 0.54 USD by 2025. External factors such as the results of the presidential election in the United States and support for cryptocurrencies from the government may also boost the price of VET. VeChain is not only focused on increasing prices but also on practical applications in the supply chain such as tracking goods and ensuring transparency in trade, which helps solidify its position in the market.