VeChain (VET) has seen a significant rally over the past week. The asset is up by 13.9% in the weekly charts, 47.9% in the 14-day charts, and 61.5% over the previous month. Moreover, VET’s price has risen nearly 45% since February 2023.
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VET’s latest rally could be due to the project’s V3TR trademark registration in the United States. The project aims to enter the financial transactions sector, covering billions in value.
If VeChain (VET) reaches $2, you will need 500,000 tokens to have one million dollars worth. The price of 500,000 VET right now is about $21,000. The rise in profit will translate to a growth of over 4660%.
When will VeChain (VET) reach $2?
Accoding to Changelly, VET may breach the $1 mark by December 2031, about seven years from now. However, it does not anticipate the asset to hit $2 till atleast September 2033, hitting a price of $2.02. As for 2024, Changelly anticipates VeChain (VET) to hit a maximum price of $0.0716 by December, a rise of around 66.5% from current levels.
Telegaon, on the other hand, is more bullish on VET. The platform predicts VET to breach the $1 level in 2029. However, the platform does not expect VET to breach the $2 mark till at least 2035, about eleven years from now. Telegaon anticiaptes VET to hit a maximum price of $3.07 in 2035, a rise of over 7000% form current levels.
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However, there is a possibility that VeChain (VET) will hit $2 much sooner than anticiapted. VET is a supply-chain-based project that is involved in a several climate-change-related initiatives. The project may see a sudden spike in adoption, pushing prices to new highs.