VeChain (VET) has rallied 2.2% in the daily charts, 7.8% in the 14-day charts, and nearly 77% since late May 2023. However, the asset is still down by 0.4% in the weekly charts and 7.4% over the previous month.
Also Read: VeChain: Can $1000 of VET in 2024 Make $1 million By 2030?
VET’s gains are likely from the SEC’s (Securities and Exchange Commission) Ethereum (ETH) ETF (Exchange Traded Fund) approval. However, the prices did not hold, and most major crypto assets faced a correction soon after the rally.
Despite the lackluster market environment, there is a possibility that VET will rally in June 2024.
How high can VeChain (VET) go in June 2024?
According to CoinCodex, VET will continue to trade at around current rates for most of June. However, the platform anticipates VET’s price to dip to the $0.034 level towards the end of next month.
Also Read: VeChain June Price Prediction: Can VET Hit $0.05?
Changelly, on the other hand, paints a slightly more bullish picture for VeChain (VET). The platform predicts the asset to hit a maximum price of $0.0464 in June. Reaching $0.0464 from current levels would translate to a growth of about 28.9%.
Furthermore, we may witness a rally fuelled by inflows into spot ETH ETFs, similar to the spot Bitcoin (BTC) ETF inflows earlier this year.
Telegaon predicts VET to hit a maximum price of $0.15 in 2024. However, the platform does not clarify when, in 2024, VET could achieve this level. Reaching $0.15 from current levels would translate to a rally of about 316.6%.
Also Read: VeChain (VET) Price Prediction: May-End 2024
VeChain (VET) has also recently partnered with the Shanghai Environment Exchange. The collaboration aims to bring significant development and innovation to carbon emission management solutions. Given that we live in an environmentally aware time, the development could lead to a rally for VET.