VeChain (VET) has seen a significant rally over the last two weeks. The asset’s price shot up on Feb. 14, 2024, likely due to the V3TR trademark registration in the United States. The project aims to enter the financial transactions sector, covering billions in value.
VET has surged by 6.1% in the daily charts, 4.5% in the weekly charts, 58.8% in the 14-day charts, and more than 73% over the previous month. Moreover, the asset is up by 76.5% since February 2023.
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How high can VeChain (VET) go in March 2024?
According to CoinCodex, VeChain (VET) could consolidate at current levels. However, the platform anticipates VET’s price to rise to $0.0488 by Mar. 17. 2024.
According to Changelly, VeChain (VET) could hit a maximum price of $0.0495 in March 2024. Reaching $0.0495 from current levels would translate to a growth of about 5.3%. As for the entire year, Changelly anticipates VET to reach a maximum price of $0.0720, which it could attain in December 2024. Reaching $0.0720 from current levels would translate to a growth of about 53%. Moreover, the platform predicts VET to reclaim its all-time high of $0.28 in June 2028, over four years from now.
Also Read: VeChain: How Much VET Do You Need to Make $1 Million At $2?
Telegaon, on the other hand, is more bearish on VeChain (VET). The platform anticipates VET to reach a maximum price of $0.055 this year. Reaching this price point from current levels would translate to a growth of about 17%. Telegaon anticipates VET to reclaim its all-time high of $0.28 by 2027, about three years from now.
There is a possibility that VeChain (VET) could begin to rally later this year if we enter a bull market. Many analysts anticipate a bull run fuelled by Bitcoin’s (BTC) halving in April and the possibility of a spot Ethereum (ETH) ETF (Exchange Traded Fund).