VeChain is currently trading at $0.049 on Monday and is up nearly 1.5% in the day’s trade. VET kicked-started a rally after Trump reclaimed the White House in November last year and surged 72%. The altcoin is attracting bullish sentiments, with investor confidence making a comeback in the markets.
Traders believe Trump could boost the economy and lead it to greener pastures. In this article, we will highlight a price prediction on how high VeChain could trade this month after Trump takes office.
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VeChain: Should You Buy VET Before Trump Takes Oath?
Leading on-chain metrics and price prediction firm CoinCodex has painted a positive picture for VeChain this month. However, the profits seem meager as the forecast estimates VET could surge by only 6% after Trump takes office. According to the price prediction, the supply chain-based cryptocurrency could reach a high of $0.052 a few days after Trump officially makes it to the White House.
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Therefore, if the forecast is accurate, an investment of $1,000 could turn into $1,060. Those are decent returns, considering that it’s only three weeks away from today. VET has a 24-hour trading volume of $71 million, and its market cap is crossing the $4 billion threshold.
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What Next For the Cryptocurrency Market?
A lot of positive changes are projected to occur in the cryptocurrency market during Trump’s tenure. Vivek Ramaswamy, who is helmed to work on the Department of Government Efficiency (D.O.G.E) along with Tesla CEO Elon Musk, just announced that Strive has filed to launch a ‘Bitcoin Bond ETF.’ This will also help VET and other cryptocurrencies to thrive.
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The Securities and Exchange Commission (SEC) is most likely to give it a green signal after Trump takes office this month. In addition, Trump has also vowed to make the US the Bitcoin and cryptocurrency capital of the world. The development could make Bitcoin, Vehcain, and other cryptocurrencies rally in the next four years.