As reported by CryptoPotato, despite the recent decline, VeChain (VET) has seen its value increase by nearly 60% over the past year, and speculation is growing that it is about to reach new highs. Analysts’ predictions vary, with some predicting a rise to $0.06 in the short term, while others foresee a rally of up to 2,500% that could take it to $1.
Despite a sharp drop over the past week, VeChain's native cryptocurrency VET remains one of the best performers of the year, with its price up nearly 60%. Currently, VET's price is around $0.04, and some analysts believe that new all-time highs could be above $0.25. For example, well-known user Ali believes that VET's price trajectory mimics the movement from June to December 2020. According to this analyst, the asset may fall back to the "ceiling" of $0.032 in the next few days and then start to rise to $0.60.
Other analysts who have recently foreseen a bright future for VET include X user Clifton Fx and World of Charts. The former believes that the coin’s value could rise to $0.06 in the short term, while the latter believes it could reach $0.22 by summer. The most optimistic prediction comes from Flash, who believes that VET is on track to rise 2,500% to a new all-time high of $1.
