Should You Buy VeChain (VET) During the Ongoing Bull Run? (2024)
VeChain is among the top-performing cryptocurrencies this month as it spiked nearly 75% in the last 30 days. VET delivered handsome profits to investors who took an entry position into the altcoin early this year. The supply chain-based cryptocurrency is currently trading at the $0.04 level and is attracting bullish sentiments in the charts. The leading altcoin remains in the green for five consecutive days despite Bitcoin and the broader cryptocurrency market cooling down.
Now that VET already spiked 75% in 30 days, will the cryptocurrency deliver similar returns in March? In this article, we will highlight if VeChain is a good investment this month that can print good profits for investors.
VeChain: Should You Buy VET Cryptocurrency This Month in March 2024?
Leading on-chain metrics and price prediction firm CoinCodex remains to be bearish on VeChain for the rest of March 2024. According to the price prediction, VET could experience a downward trajectory leading to losses for investors. While the losses might not be too harsh, they could be inside the single-digit threshold.
The price forecast for VeChain points towards a loss between 2 to 8% in the next few weeks. Though VET could remain firmly at the $0.04 level, the decimals could change rapidly this month.
The least VeChain could reach mid-March is $ 0.044829, according to the price prediction. Therefore, it is advised to invest in other cryptocurrencies at the moment as the bull run is leading altcoins to deliver double-digit gains. It is advised to do thorough research before taking an entry position into VET currently as all indicators point toward a price decline.
At press time, VeChain was trading at $0.04 and is up nearly 1.5% in the 24-hours day trade. However, VET is down close to 84% from its all-time high of $0.28, which it reached in April 2021.
An impressive VeChain forecast is expected by the end of 2026 . Experts predict an increase of approximately 242.36% from the current level, with an average price of €0.0696 . They anticipate VeChain (VET) reaching this price, with a peak of €0.0739 expected this year.
With its robust technological base, strategic partnerships, and innovative solutions, VeChain is well-positioned to continue its growth and play a pivotal role in the blockchain industry's evolution. These developments reinforce VeChain's market position and highlight its potential to impact various sectors positively.
VeChain (VET) is a promising investment with strong fundamentals and practical uses. Analysis shows significant growth potential. Investors should balance short-term trends with long-term strategies.
However, given the long-term trajectory, the price of VeChain could reach as much as $3 to as low as $0.36 as Vechain aims to disrupt the supply chain market.
The price of VeChain (VET) is $0.02245 today with a 24-hour trading volume of $12,926,634. This represents a -1.18% price decline in the last 24 hours and a 10.42% price increase in the past 7 days. With a circulating supply of 81 Billion VET, VeChain is valued at a market cap of $1,818,081,258.
For one thing, telemedicine has evolved as an efficient and convenient method of providing care where it is effective and safe. Over the next few years, this technology will play a larger part in modern veterinary practice, simplifying both remote and triage to in-person consultations.
Veterinary medicine tends to do well through recessions. There is no such thing as a truly “recession proof” business, but veterinary medicine tends to be “recession resistant”. Significant unemployment is uncommon in vet med. Instead, underemployment is generally how recessions are felt in veterinary medicine.
VeThor Token (VTHO) is currently traded on the market at $0.00341064, so it would have to increase in value drastically to reach 1 USD by 2030. As of now, VeThor Token is forecasted to hit $0.004103183612138 by the end of 2022.
What will VeChain be worth in 2030? As per our VeChain price prediction, the coin is predicted to have a maximum price of $0.231, with a minimum price of $0.151. At the same time, the average price may be $0.191 for the year 2030.
The long term sentiment, however, remains bullish and VET could hit $0.035 in 2025. The total circulating supply of VeChain as of writing this article was $80,985,041,177 and the marketcap of VET remains at $1,781,841,382. VeChain price in the longer term is expected to reach a high of $0.12 in 2035.
Introduction: My name is Fr. Dewey Fisher, I am a powerful, open, faithful, combative, spotless, faithful, fair person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
