VeChain (VET) has had quite a lucrative year in 2023. Since January, the asset is up by more than 133%. VET is currently up by 17.4% in the weekly charts, 39.3% in the 14-day charts, and over 75% in the last month.
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VET is a supply-chain-based project that is involved in a variety of initiatives. The project introduced the HiVe event, which garnered significant attention in the crypto space. Moreover, the team unveiled a new whitepaper for the VET 3.0 protocol in March this year.
How to be a millionaire when VeChain (VET) hits $0.1?
To have a million dollars worth of VET at $0.1, you would need 10,000,000 (10 million) tokens. The price of 10 million VET right now is about $350,000. The price rise would translate to a growth of over 185%.
Also Read: VeChain (VET) Predicted to Rally 185%, Hit $0.077: Here is When
However, the question now is whether VET can rally another 185%. In short, the project has the potential to do so. The token has already rallied by over 180% since January. If it can continue its bullish path, VET could hit $0.01 as early as next year.
Changelly, however, predicts VeChain (VET) to reach $0.1 by July 2026, almost 2-and-a-half years from now. As for 2024, Changelly anticipates a maximum price of $0.06, which it could attain in December.
Telegaon, on the other hand, predicts VeChain (VET) to reach $0.1 by 2025. The platform anticipates the token to hit a maximum price of $0.09 sometime in 2024.
Nonetheless, we could reach the $0.1 target in 2024 if the crypto market enters a bull run. Many analysts have predicted a bull run in 2024, fuelled by a spot Bitcoin (BTC) ETF (Exchange Traded Fund) approval by the US SEC (Securities and Exchange Commission) and BTC’s halving event in April next year.