VeChain: How $100 Weekly Investments in VET Have Grown Since Launch

• VeChain (VET): A Crypto Spotlight on Remarkable Gains
• Profits from Consistent Investment in VET
• Will VeChain (VET) Return to its All-Time High in 2024?
• The Anticipated Crypto Bull Run in 2024
• Prediction for VeChain (VET) in a Bull Run

VeChain (VET): A Crypto Spotlight on Remarkable Gains

VeChain (VET), a renowned cryptocurrency, has experienced a substantial increase in value over the past year. As of January 2023, the price of VET has risen by an impressive 76%. In addition, the token has recorded a 5% increase in the weekly charts and an over 14% rise in the past month. Early investors in VeChain (VET) have enjoyed a significant return on investment.

Profits from Consistent Investment in VET

If an investment of $100 was made weekly in VET since its trading inception, approximately $28,600 would have been invested so far. Astonishingly, this portfolio's value has escalated to $74,842.17 during the six years, reflecting a growth of 160%. If the same weekly investment was made until VET reached its all-time high of $0.28 in April 2021, a total of $13,000 would have been invested. Yet, the value of this investment would have soared to $504,091, representing an increase of more than 3550%.

Will VeChain (VET) Return to its All-Time High in 2024?

VeChain (VET) has been grappling with challenges since achieving its all-time high in April 2021. The token is currently down by over 88% from its peak in 2021. Despite a prosperous year in 2023, the supply chain-oriented cryptocurrency has not shown indications of regaining its peak.

The Anticipated Crypto Bull Run in 2024

However, the cryptocurrency market might experience a bull run in 2024, potentially instigated by the spot Bitcoin$42,260 -0.64% (BTC) ETF (Exchange Traded Fund) and BTC's halving event in April. These events could lead to a 2021-type rally for the crypto industry. Furthermore, there is considerable discussion around spot altcoin ETFs, including Ethereum$2,315 -2.42% (ETH) ETF and XRP$0.620 -1.68% ETF. If additional cryptocurrencies secure spot ETFs, the market might rally even more.

Prediction for VeChain (VET) in a Bull Run

If a bull run ensues in the cryptocurrency market, VeChain (VET) may return to its 2021 peak, if not exceed it. However, given that a bull run has not yet occurred, it is challenging to predict whether VET will attain its all-time high in 2024.

Edited by Jonathan Stoker