VeChain (VET) seems to be regaining momentum, rallying 5.7% in the last 24 hours. Despite the recent rally, the asset is down 10.2% in the weekly charts, 6.8% in the 14-day charts, and nearly 8% over the previous month.
VET witnessed quite a rally earlier in March but has since been on a downward trend. The asset is also down by over 92% from its all-time high of $0.281, which it attained in April 2021, over three years ago.
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While VeChain’s (VET) price has suffered over the last few years, investors continue to pursue higher prices. Let’s find out when $1000 worth of VET can become $1 million.
When Can $1000 Worth Of VET Become $1 Million?
If you purchase $1000 worth of VeChain (VET) right now, you will receive about 4545.45 tokens. For 4545.45 tokens to be worth $1 million, the price of each will have to reach about $220.
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Telegaon’s Price Prediction
According to Telegaon, VET will not hit the $220 mark before 2050. The platform anticipates the token reaching a maximum price of $62.76 in 2050. At $62.76 per token, the 4545.45 VET will be worth about $285,272.44, a healthy return, although not quite close to the $1 million target.
Changelly’s Price Prediction
Changelly researchers present an even more bearish outlook for VeChain (VET). Like Telegaon, the platform does not anticipate the asset hitting the $220 mark before 2050.
Changelly expects VET to hit a maximum price of $41.08 in 2050. At $41.08 per token, the 4545.45 VET will be worth about $186,727, which is again a good return, but still quite shy from the $1 million target.
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