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The cryptocurrency market has further recovered from its recent dip. Bitcoin (BTC) has reclaimed the $85,000 price point. The global crypto market cap has risen 1.3% in the last 24 hours to $2.9 trillion. VeChain (VET) follows BTC’s trajectory as well. VET is up 2.4% in the daily charts and 10.4% over the previous week. Despite the recent rally, VET is down by 9% in the 14-day charts, 19.6% over the last month, and 31.5% since March 2024. Also Read: Pakistan Eyes Cryptocurrency Legalization to Attract Global Investors Source: CoinGecko Cryptocurrencies Climb As Rates Remain Unchanged Source: Watcher Guru The current market rally could be due to the Fed keeping interest rates unchanged after the latest FOMC meeting. The rate of inflation in the US has dipped in the last month. The Fed still intends to have two rate cuts this year. The rally could also be investors buying the dip. VET’s low prices may have attracted new investors to the project. Also Read: Ripple: AI Predicts ...

VeChain saw a fantastic run this week after Bitcoin hit an all-time high of $82,379. The broader cryptocurrency market is brimming with positivity as leading altcoins hit new highs this month. VET rallied close to 35% on the heels of the US election result and is currently trading at $0.026. Also Read: Cardano (ADA) Forecasted To Rise 120%, Breach $1: Here’s When Investors who took an entry position days before the U.S. election results made massive profits in VeChain. Now that the markets kick-started a storm, will VET move further up in the charts? In this article, we will highlight whether taking an entry position in VeChain is a good choice. Also Read: Massive XRP Bull Run: Target $1 Before Trump’s Inauguration? Should You Invest in VeChain (VET) Now? Source: Unsplash Leading on-chain metrics and price prediction firm CoinCidex has painted a rosy picture for VeChain. According to the price prediction, VET could reach a maximum high of $0.036 next month in December 2024. That’s...

VeChain (VET) is following the market-wide rally. VET’s price is up by 10.2% in the daily charts, 42.6% in the weekly charts, 23.8% in the 14-day charts, and 23.3% over the previous month. The asset’s price has also risen by 26.6% since November 2023. Also Read: Dogecoin Price Prediction: Can DOGE Reach $1 This Month? Source: CoinGecko What’s Pushing The VeChain Rally? VET’s latest rally follows Bitcoin’s (BTC) rise to a new all-time high of $89,560.95 earlier today. BTC’s rise, on the other hand, is likely due to Donald Trump winning the US Presidential election. Trump has been very vocal about his support for the crypto sector. According to reports, Trump plans to appoint pro-crypto candidates for the top cabinet positions in key financial agencies. The development may have led to an increase in VET’s inflow. Also Read: Trump To Appoint Pro-Crypto Candidates for Key Federal Agencies Investors and market participants likely anticipate lenient c...

The leading supply chain-based crypto currency VeChain is currency trading around the $0.045 mark in the charts on Tuesday. It’s up close to 20% in the last 30 days and attracted heavy bullish sentiment when Bitcoin topped a new all-time high of $73,737 this month. VET is among the top-performing cryptocurrencies this year and delivered handsome returns to investors who took an entry position in both January and February. Also Read: What Will XRP’s Price Be If Bitcoin Hits $150,000 After Halving? Moreover, VeChain is now cooling down in price after reaching a peak high of $0.050 in mid-March of this month. Crypto currency investors are indulging in profit-bookings and initiating sell-offs making its price remain stagnant in the charts. Source: Coingecko Can VET replicate its success into April 2024 and deliver the same profits to investors as it did this month? In this article, we will highlight if investing in VeChain cryptocurrency is a good option to consider ...

A prominent analyst recently flagged an extremely bullish technical event brewing for enterprise blockchain project VeChain’s VET token this past week, warning bears of fireworks. Posting to X, crypto trader CoinsKid highlighted the emergence of a so-called ‘golden cross’ pattern playing out on VeChain’s multi-month price charts. The powerful signal occurs when a faster-moving average crosses up through the path of a slower average, typically igniting sustained uptrends thereafter. Also read: Ethereum: Your ETH Investment in Nov 2022 Would Be Worth This Much # VeChain made a golden cross in a higher low, awful news for perma bears. The last time we saw a golden cross on the weekly was way back in June 2020, it was a major wanring sign that # VeChain was about to put in a big implusive wave up. DATA ⏳️ pic.twitter.com/iTNJWiqmXP — CoinsKid (@Coins_Kid) March 1, 2024 CoinsKid last observed such a golden cross on VET’s weekly...

After languishing for over 850 days, VET, the token of enterprise blockchain VeChain, finally appears primed for a major breakout, according to analyst EGRAG Crypto. In a recent tweet, EGRAG Crypto pointed to a VET “triple bottom” formation he first identified back in August 2023. This technical pattern signals a bullish trend reversal after an extended price decline. Also read: Ethereum Breaks Crucial Resistance; Will ETH Hit $3,000? 850 Days of Rangebound Trading VET has struggled to gain upside momentum since its previous all-time high of $0.278 in April 2021, trading between $0.02 and $0.09 for over two years. However, EGRAG now sees signs of life for the long-dormant altcoin. #VET 850 Days Saga – Struggling to Break Free (UPDATE): For better clarity check the post dated back on August 20th 2023 https://t.co/b3MDjpRb40 Current Update: The saga concludes as the triple bottom formation confirms, propelling #VET into an upward trend. Three potential...

VeChain is currently trading at $0.016 and has been on a downward streak for the last six months. VET performed well in Q1 this year after it doubled in price, jumping from $0.015 to $0.032. After Q2, VeChain dipped relentlessly in the charts and is now back to its nine-month low in September. Supply chain-based cryptocurrency is now among the least-performing assets with little to no price action. Also Read: Shiba Inu Forecasted To Delete 2 ‘Zeroes’, Spike 1,500% & Hit $0.0001 So, will VeChain turn the tables in October 2023 next month? In this article, we will highlight how high VET could move in the charts in October. VeChain: How High Will VET Reach in October 2023? Source: Unsplash Leading on-chain metrics and price prediction firm CoinCodex painted a bearish picture for VeChain in October 2023. According to the price prediction, the maximum it could jump in price to next month is 5% from its current levels. The forecast claims that VeChain could reach $0.017...

VeChain jumps double digits in the indices on Monday as the cryptocurrency is up nearly 11% in the day’s trade. VET reached a yearly high of $0.03 and the asset has sustainably scaled in the last two months. The cryptocurrency has doubled in price since the start of 2023. Also Read: When Will VeChain Reach $1? Source: CoinGecko.com Why is VeChain Pumping & How High Can VET Go? Source: Crypto-news-flash.com / Ruska Design Whales are seen taking an entry position into VeChain in the days leading up to The HiVe launch on Mar. 4, 2023. VeChain is pumping in price as the blockchain will enter Web3 technology and ramp up collaborations and developments among the industry players. The blockchain would extend its wings further adding new use cases in the ever-evolving Web3 and NFT sphere. Therefore, VET could attract bullish sentiments in the next two weeks as the community is riled up about the event. Also Read:  VET Price Prediction: When Could It Reach $0.1? So...