Despite a 58% surge in VET, can it reach $0.08 in the near future?

Janak9955

Although the cryptocurrency market is following the trajectory of Bitcoin (BTC), VeChain's (VET) recent rebound may be attributed to a new trademark application. The project has registered the V3TR trademark in the United States, aiming to participate in the financial transactions sector worth billions of dollars. Industry experts predict that by 2026, the global financial transactions industry will reach $200 trillion.

Will VeChain (VET) reach $0.08 in the near future?
Source: CoinCentral
Reaching $0.08 from the current level would translate to approximately an 81% growth. Despite a significant surge in VET in the previous week, the asset may not quickly reach $0.08.

According to CoinCodex, VET's price is expected to decline in the coming days. The platform anticipates that by the end of this month, VET will fall to $0.041, representing a decrease of about 6.8% from the current level.
Source: CoinCodex
Read also: VeChain: VET to make a major announcement

On the other hand, Changelly expects VeChain (VET) to reach a peak price of $0.0496 in February. Achieving $0.0496 from the current level would result in approximately a 12.7% increase. However, Changelly doesn't foresee VET reaching $0.08 this year. The platform predicts that by February 2025, VET will reach $0.0811.

Telegaon also anticipates that VeChain (VET) will not reach $0.08 this year. The platform expects the highest price for VET to reach $0.055 in 2024. However, the asset may hit a peak of $0.084 in 2025.

Jiger955

It is advisable for rational individuals; otherwise, it might be better not to provide it.

Jafar224

This increase is still very substantial.

Isha000

This is still an appropriate price.