The cryptocurrency market seems to be recovering from its correction. Bitcoin (BTC) has reclaimed the $99,000 mark. The global crypto market cap has risen 1.2% in the last 24 hours to $3.62 trillion. VeChain (VET) also follows the current market trend. The asset is trading in the green zone in the daily and weekly charts.
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VeChain In The Green Zone
VET has rallied by 5.8% in the daily charts and weekly charts. The asset has also risen by 56.3% since January 2024. Despite the rally, VET is down 0.7% in the 14-day charts and 15.1% over the previous month.
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VET’s latest rally is likely due to BTC inching closer to the $100,000 price point. The market resurgence could be due to President-elect Donald Trump’s inauguration being just around the corner. Many anticipate a market-wide rally under Trump’s leadership due to his pro-crypto stance. Investor sentiment may be on its way up once again.
Will The Asset Hit 10 Cents Soon?
According to CoinCodex, VET will rally over the next few weeks. The platform anticipates the asset to hit $0.10 on April 6, 2025. Hitting $0.10 from current price levels will entail a rally of about 150%.
CoinCodex further predicts VET to hit $0.15 on April 15, 2025. Hitting $0.15 from current price levels will translate to a rally of about 275%.
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Changelly presents a rather bearish prediction for VeChain (VET). The platform predicts the asset will trade at a potential maximum price of $0.031 in April this year. Hitting $0.031 from current price levels will result in a dip of about 34.04%.
The forecasts around VET seem to be conflicting. The market’s performance over the next few weeks is yet to be seen. Many anticipate a market-wide rally after Trump takes charge of the White House. Investors are bracing for what comes next.
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