VeChain (VET) Price Prediction: March 2024

The cryptocurrency market is witnessing a surge in funding and investor sentiment. Bitcoin (BTC) is leading the market with a 9% rally in the daily charts. The original cryptocurrency has reclaimed the $56k price point, a level last seen in late 2021. VeChain (VET) and other altcoins are following BTC’s trajectory.

VET’s price has surged by 3.2% in the daily charts, 10.8% in the weekly charts, 56.6% in the 14-day charts, and 73.5% over the previous month. Moreover, VET’s price has risen nearly 75% since February 2023.

Also Read: VeChain: How Much VET Do You Need to Make $1 Million At $2?

Source: CoinGecko

VeChain (VET) price prediction for March 2024

Vechain
Source – CoinCentral

According to CoinCodex, VeChain’s (VET) price may fall to $0.046 in early March. However, the platform anticipates VET to hit $0.051 on Mar. 18, 2024, a rise of about 4.08% from current levels.

Source: CoinCodex

Also Read: VeChain: Leading US Exchange May Integrate VET Amid Increased Interest

Changelly, on the other hand, does not expect VeChain (VET) to rise above $0.05 in March, predicting a maximum price of $0.0495 for the month. However, the platform predicts VET to continue surging throughout the year, hitting $0.0720 by December. Reaching $0.0720 from current levels would translate to a growth of about 46.9%.

Telegaon predicts VET to hit a maximum price of $0.055 this year. Reaching this price point from current levels would translate to a growth of about 12.2%.

Also Read: VeChain: ChatGPT Predicts VET Price After Bitcoin Halving

However, there is a possibility that VET could surge higher than predicted, given we enter a bull run. BTC has reclaimed late-2021 levels and may continue surging throughout the year. The original cryptocurrency will also undergo its next halving cycle in April, which many consider a bullish event. Moreover, there is a possibility that the US SEC (Securities and Exchange Commission) will approve a spot Ethereum (ETH) ETF (Exchange Traded Fund) later this year, which may further accelerate market growth.

Comments

Popular posts from this blog

JPMorgan Bullish on Bitcoin’s Growth as Institutional Investment Pours In 

Dogecoin (DOGE) Price Analysis for Today, August 22 – DOGE Technical Analysis

OpenSea introduces Deals, monthly trading volumes slump 96% from January 2022