With the cryptocurrency sector enjoying a massive bull rally, VeChain has been one of the biggest gainers, surging 153% in November as all eyes are on how VET is set to perform in the coming year. Indeed, the token has enjoyed a monumental rally that has the market predicting unprecedented highs in the coming year.
The digital asset is firmly situated above the $0.051 mark and nearing a year high. Moreover, it maintains the potential to keep increasing to set a new 2024 landmark record, as it eyes a trip toward $0.06 in the coming weeks. How it ends December will be huge in establishing where the asset can go when the calendar turns.
Also Read: VeChain Outperforms Bitcoin, Solana as It Eyes $0.1
VeChain 2025 Price Prediction: Where Can VET Go After Its November Bull Rally?
December arrives amid what is a monumental bull rally for the crypto market. Indeed, it has quite the month to follow up, with a host of cryptocurrencies reaching all-time highs. Bitcoin set a new record as it approaches six figures, while Ripple (XRP) has reached its highest price level in 7 years.
They aren’t alone, as VeChain has emerged as a surprising gainer, up 153% in November as VET looks to be skyrocketing as 2025 arrives. Over the last seven days, the asset is also up more than 24%, according to CoinMarketCap. In the last 24 hours, it has surged 12% to reach a $0.0515 price.
Also Read: VeChain Looks to Enjoy Massive Bull Rally to End 2024
The asset is currently showing bullish momentum, and that is expected to continue. According to CoinCodex, VET is projected to skyrocket ahead of its current levels. Specifically, the prediction platform notes that the asset should reach a height of $0.06 in the first month of the new year.
From there, it should continue looking up. Indeed, it should target $0.09 by March and April of next year. Although it would consolidate between $0.08 and $0.07 in continued months after, it would break through the $0.108 price point by October of 2025. That increase would represent an 182% return on investment for VeChain traders.
VeChain is well known for its blockchain-focused approach to solving ongoing supply chain problems. Moreover, there are high hopes for how that will evolve in the future. With President-elect Donald Trump like to integrate favorable regulations, VET could benefit. Indeed, many predict it could challenge a $1 price point in the next five years.