Current situation
VeChain#VET shows noticeable growth, reaching levels around $0.055-$0.066 in December 2024. Predictions suggest that the coin has the potential for further growth of 150% in the coming months. It is worth noting that VET is repeating a structure similar to the price movement of 2018-2020, which may lead to growth up to $0.08 by January 2025.
Fundamental factors
VeChain strengthens its position through its ecosystem focused on supply chain and product management. In 2023, there was an increase in the use of the VeChain blockchain: data requests grew by 63% compared to the beginning of the year. This indicates a growing interest in the project from businesses.
Analytics and forecasts
We will highlight three key levels that VET could reach in 2024-2025:
Short-term target: $0.077 by the beginning of 2025.
Medium-term target: $0.2 by the end of 2025.
Long-term forecast: potential growth to $1 and above in case of mass adoption of VeChain technology
Investment potential
VET continues to attract investor attention as a "hidden giant" among cryptocurrencies related to real-world applications. However, the project faces risks of volatility and overall market correction. Nevertheless, long-term prospects remain optimistic due to the development of partnerships and innovations in the ecosystem.
