VeChain (VET) has enjoyed a game-changing 200%+ rally that has it eyeing a yearly high in December 2024. As the token continues to surge, analysts are suggesting that $1 may be in the asset’s future come 2025. Over the past month, VET gained an impressive 265.5%, which pushed its market cap close to $6 billion. Additionally, its market cap is up 20% in 24 hours to $206.35M.
The supply chain-based cryptocurrency reached an all-time high of $0.281 in April 2021. It’s been more than three and a half years since VeChain failed to reclaim its lost territory. Despite the ongoing bull run, the maximum VET price surge could be 250% in a month. It needs to rise by nearly 1,450% from its current price of $0.066 to reach $1. But according to price predictions, how high can VeChain go in 2025?
Can VET Hit $1 in 2025? A Price Estimate
Based on our price prediction, is highly doubtful that VeChain could rise 1,450% from its current price to reach $1 in the near term. The cryptocurrency market is yet to face Trump’s presidency and how his administration will manage the economy. The upcoming Trump presidency could decide the face of the global stock and the broader cryptocurrency markets. Fortunately, the administration is expected to be supportive of the digital asset industry. However, we’ll have to wait for his presidency to fully take effect to find out.
Leading on-chain metrics and price prediction firm CoinCodex predicts that VET could reach $0.086 in Q1 of 2025. That’s another 30% from its current price and decent enough profits in the next three months. Based on our analysis, a maximum price of $0.0519, averaging approximately $0.0475, is possible for VET. While more growth is positive, the asset’s quest for $1 still seems very steep.
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The reality is that hitting $1 would require VeChain’s market cap to exceed $70 billion. VET reaching $1 is a tough task as the markets currently don’t support such a drastic rise. It will certainly take a huge market bull run for altcoin season to send assets like VeChain that high. Furthermore, a single market-wide downturn or regulatory shift could undo much of the progress VET has made.
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