VeChain is currently trading at the $0.032 mark on Wednesday and is up nearly 1.1% in the day’s trade. VET has soared 51% in the last two weeks, delivering stellar returns to investors. Those who took an entry position after Trump’s victory have made good returns in a short period. The cryptocurrency is receiving bullish momentum as its 24-hour trading volume has topped $143 million.
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The inflow of funds in VET remains high as its market cap breached the $2.6 billion mark on Wednesday. The supply chain-based token is attracting buying sentiments in November, driving its price much higher in the indices. This puts the token in the ‘buy’ category as investments could reap the rewards.
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VeChain: VET Projected to Deliver Big Returns in Q1 of 2025
The latest and revised price prediction from leading on-chain metrics firm CoinCodex has painted a bullish picture for VeChain. According to the price prediction, VET is estimated to double in price in February 2025. The forecast indicates that the altcoin will surge much higher in price in March next year.
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Below is the breakup of the VeChain price prediction for 2025:
January 2025: Price target $0.05. That’s an upside swing of 56% from its current price of $0.032.
February 2025: Price target $0.07. An upside swing of 137%.
March 2025: Price target $0.12. A massive surge of 273%.
“In 2025, VeChain is forecasted to trade in a price channel between $0.03619 and $0.121037. The most bullish month for VET could be March, when the currency is anticipated to trade 273.04% higher than today,” read the forecast.
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Therefore, an investment in VeChain now could fetch stellar returns in Q1 of 2025. If VET surges 273% by March 2025, an investment of $1,000 made today could turn into $3,730 by March next year. Nonetheless, the cryptocurrency market is volatile and any global event could pull the prices down. It is advised to do thorough research before investing in VET.