Few tokens have benefited as much as VeChain during the ongoing crypto bull run. The asset is looking to reinvent itself with a recent renaissance project that will redefine the asset’s position in the new market. With this project underway, VeChain is expected to grow 260% by 2025, but just how high will VET go?
Earlier this month, VeChain’s price reached a two-year high near $0.08. Despite a pullback, the token is currently looking to return to the $0.06 level and regain the yearly volume highs it previously enjoyed. The market is currently watching to see if the asset can challenge the $0.22 level, which was its highest price since 2021. This target is likely to be within reach by the beginning of next year.
VeChain Eyes 2025: But How High Can VET Reach Next Year?
2024 has already been a landmark year for cryptocurrencies. Bitcoin has led the cryptocurrencies’ stellar performance, with the asset breaking the six-figure mark for the first time ever. This has proven to be a rising tide, as many other assets have also challenged highs over the past two months.
One of the top gainers is VeChain. According to CoinMarketCap, the cryptocurrency has gained more than 92% in the past year. Moreover, the coin has surged more than 98% in the past 30 days and is currently trading at $0.057. With a 24-hour trading volume of $201 million, the cryptocurrency has a promising outlook.
But things are expected to be much better. As VeChain’s revitalization plan is implemented, the asset is expected to grow by 260% in 2025, reaching significant highs. According to data from price prediction platform CoinCodex, the asset is expected to reach significant levels in April, reaching a maximum price of $0.208.
The average price for this month is expected to be over $0.11. This is a significant increase compared to the currency’s position below $0.06. What’s more interesting is that according to the platform, April is not expected to be abnormal.
In fact, VET is expected to remain above $0.1 for seven months over the next year. This performance should make the asset a strong competitor in the booming cryptocurrency space.
