With Bitcoin touching an all-time high of $72K, the leading altcoins have started to gain credible market momentum. VeChain (VET), with its promising price path, is also gaining strength amid the current bull market surge.
The token has noted a stellar price ascent of 63% in the last 30 days. VET has been consistently trying to break price bounds, rising nearly by 2% in the last seven days.
Also Read: VeChain: Here’s When VET Could Hit $1
VeChain: VET March price prediction
With VeChain’s meteoric rise, analysts at Coinpedia have come up with new price predictions for VET for March. Per the experts, VET may climb to $0.5752 in the coming weeks.
“If the market pushes the price above the resistance level of $0.04890, the bulls will regain momentum and test its upper resistance level of $0.05752 in the upcoming weeks. Conversely, if the bears overpowered the bulls, the VeChain price would lose momentum and prepare to test its lower support level of $0.04186.”
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VET price analysis for 2024
Similarly, the analysts at Coinpedia have also predicted VET’s price for the year 2024.
“If the crew behind VeChain employs developmental and community-building initiatives amidst Bitcoin’s halving event, A run like that of Bitcoin’s expansion rally can be anticipated. In such a case, the VET price could propel to a maximum of $0.0776 by the end of 2024.”
The sentiments are echoed by analysts on X as well, projecting that VET may soon touch the.50 mark.
With a promising path ahead, VeChain’s robust plan is poised to help the token climb new heights. VET has recently been adopted by two of the largest sea freight companies, Kuehne and Nagel. The company will now be using VeChain Blockchain to help its customers track parcels around the globe.