VeChain (VET) Foreseen to Skyrocket 185% to $0.077: Insights on the Rally

• Price Rise in VeChain (VET) Amidst Crypto Market Fluctuations
• VeChain's Sustainability Campaign with United Nations
• Predictions for VeChain (VET) Price Movement in Holiday Season
• VeChain VET Exceeds 900,000 Holders
• Potential for VeChain (VET) to Reach New Heights in 2024

Price Rise in VeChain (VET) Amidst Crypto Market Fluctuations

From January 2023 onwards, VeChain (VET) has seen a significant rise of over 76%. Despite experiencing a minor 4.7% correction, the token's value remains 6% higher than last week. Furthermore, it has demonstrated a surge of over 34% on the monthly charts, and a noteworthy 66% increase within a single year.

VeChain's Sustainability Campaign with United Nations

The recent rally of VeChain (VET) does not seem to be ending anytime soon. As per the analysis of established cryptocurrency analyst Ali Charts, VET is currently reflecting its consolidation phase that extended from 2018 to 2020. The prediction suggests VET might break through its $0.033 resistance level within the next fortnight. This breakthrough could lead to a rally of VeChain reaching $0.077 by the end of January 2024 which would mark a growth of approximately 185% from present levels.

Predictions for VeChain (VET) Price Movement in Holiday Season

CoinCodex forecasts that the price of VET may dip to $0.026 on December 26, 2023, representing a decrease of about 3.7% from the current price. Nonetheless, the cryptocurrency is expected to regain momentum by the commencement of January 2024.

VeChain VET Exceeds 900,000 Holders

Changelly predicts that VeChain (VET) will reach a peak price of $0.0342 in January 2023, marking an increase of roughly 22% from the current price. Furthermore, Changelly foresees VET's price escalating progressively throughout 2024, achieving a high of $0.0536 by December 2024. However, it is important to note that Changelly's predictions do not correlate with Ali Chart's anticipation of VET reaching $0.077 in early 2024. The discrepancy might be due to Changelly not accounting for recent developments regarding VET's latest consolidation phase.

Potential for VeChain (VET) to Reach New Heights in 2024

There exists an opportunity for the crypto market to embark on a bull run in 2024, which could further drive VeChain's (VET) price to unprecedented levels. Currently, VET is down by over 90% from its all-time high of $0.280 that it garnered in April 2021.

Edited by Jonathan Stoker