There has been no shortage of surprises in the recent crypto bull rally. Chief among them is VeChain, which gained another 12% today and has traders pondering how high VET will go in 2024. The asset has been on a roll throughout November and is expected to challenge its all-time high in the next several months.
In a recent post to X (formerly Twitter), the project announced a “VeChain Renaissance.” This plan has the network preparing itself for a new age of blockchain technology. Specifically, it is anticipating an era of mass adoption and usage, with the update preparing the network for the coming flood of activity.
Also Read: VeChain Skyrockets 25% as VET Eyes $1
VeChain Surge Continues, But How High Can It Go Before 2025 Arrives?
A cryptocurrency revolution has taken place this year. Indeed, the asset class has enjoyed unprecedented attention, with the first wave of crypto-based ETFs driving renewed interest and investment. Moreover, Bitcoin surged to six figures for the very first time, redefining what is possible for the asset class.
That has set off a new bull market for the crypto market as a whole. One of the surprising benefactors has been VeChain, which has jumped another 12% today, as VET looks to end 2024 on a high note. Its recent performance has many saying that a $1 all-time high early next year is not at all out of the question.
Also Read: VeChain Hits a 2-Year High Outperforms Bitcoin, Solana
However, the question currently is: just how high can VET go before the year is through? As previously stated, VeChain is up as much as 12% in the last 24 hours, according to CoinMarketCap. Moreover, VET has surged more than 120% in the last 30 days to trade at its current $0.0585 level.
According to price prediction platform CoinCodex, VET isn’t expected to surge exponentially beyond its current level. Indeed, analysts project it to end the year with a $0.057 price. However, things change drastically in 2025, with VeChain targeting an average price of $0.063 in February of next year.
By April, Vechain is expected to surge to an average price above the $0.1 level. Just one month later, the asset is predicted to enjoy its bullish month, trading 280% above its current position. Then, it should reach a high of $0.14 and incite talks of challenging its $0.28 all-time high.
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