VeChain Ready For Blast-Off: Crypto Analyst Predicts VET Price To Rally 14,600%
February 26 2024 - 12:00PM
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Crypto analyst Egrag Crypto has put out an ultra-bullish price
prediction for VeChain (VET), which the analyst predicts will
achieve significant gains soon enough. VeChain To See A 140x
Gain Egrag mentioned in an X (formerly Twitter) post that the
VeChain token could see a 50x or 140x gain. He further highlighted
how the crypto token could achieve any of this move to the upside.
Analysing the chart, he stated that a 50x move could be in play if
VET sees a similar percentage increase to the one that occurred
around 2019. Source: X Back then, VET is said to have seen a
5,892% increase. Egrag predicts that the crypto token could rise to
$0.9 if this move is indeed in play. Meanwhile, for the 140x gain,
the analyst claimed that this move could be in play if the market
eventually witnesses a similar percentage increase to the one
around 2021 when VET’s price increased by 14,638%. Related Reading:
Pro-Ripple Lawyer Tags Poor XRP Price Performance As Unnatural,
Rally Imminent? That was when the crypto token hit its all-time
high (ATH) of $0.27. Egrag predicts that VET could rise to as high
as $2 if this is the move that ends up materializing. This
prediction also means that VET will likely see a new ATH in the
next bull run. This is not the first time Egrag has offered a
bullish price prediction for the VET token. Last year, the analyst
predicted that VET could rise to $1.6 based on historical patterns.
This prediction came after the crypto token made an impressive
surge of 77%, hitting price levels unseen since May 2022. Big
Moves Still Lie Ahead For VET IEgrag isn’t the only analyst who has
recently laid out a bullish narrative for the VeChain token. Crypto
analyst and YouTuber Crypto ZX also gave an analysis where he
predicted that the crypto token could hit new ATHs if it succeeded
in breaking certain resistance levels. One level he highlighted
then was the $0.033 mark. Related Reading: Crypto Platform Which
Predicted Bitcoin To Reach $50,000 Has Released A New Target The
analyst had also suggested that VET was currently in a period of
consolidation as it gears up for another move to the upside. On the
next leg up, Crypto ZX predicted that the crypto token was going to
surge above the $0.033 resistance level. The analyst further
revealed that a move above that level would be vital to unlocking
new highs. Interestingly, VeChain has since risen above that
level. At the time of writing, the crypto token is trading at
$0.0474, up over 5% in the last 24 hours, according to data from
CoinMarketCap. VET price at $0.048 | Source: VETUSDT on
Tradingview.com Featured image from Adaas Capital, chart from
Tradingview.com
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