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VeChain (VET) seems to be following the larger market recovery and is among the few assets that are green across the board. VET is currently the fourth best-performing crypto among the top 100 projects by market cap in the weekly charts, outperforming the likes of Bitcoin (BTC) and Ethereum (ETH). The asset has rallied by 7.5% in the daily charts, 28.4% in the weekly charts, 16.2% in the 14-day charts, and more than 8% over the previous week. Also Read: VeChain : $1000 Monthly Since 2020 Grows By Almost 100% The current market recovery could be due to an increase in the open interest of major projects. Bitcoin has reclaimed the $62,000 level, leading to a boost in investor confidence. The chances of Donald Trump winning the US Presidential election may have also played a hand in the market rebounding. Trump has been very supportive of cryptocurrencies, even accepting them for his presidential campaigns. Will VeChain reclaim the $0.050 level this week? Source – blockchainreporter ...

VeChain is currently trading at the $0.04 mark and is mostly moving sideways this month. During the cryptocurrency market bull rally in February, VET spiked nearly 70% in the charts delivering massive profits to investors. The supply chain-based cryptocurrency is now retracing in price and shedding most of its gains in April. Also Read: Gold Prices Forecasted to Reach $7,000: Here’s When Now that VET is on the downside, can it pick up speed and rally in the charts? In this article, we will highlight a price prediction on how high VeChain can trade in the indices in April 2024. VeChain: VET Price Prediction April 2024 Source: Unsplash Leading on-chain metrics and price prediction firm CoinCodex has painted a bearish picture on VeChain for April 2024. The price prediction for VET remains sideways with no profits but incurs minimal losses this month. According to the price estimates, VET could deliver 2% to 3% profits by mid-April 2024. Also Read: US Economy’s Bigges...

VeChain (VET) witnessed a rally towards the end of 2023. However, the asset’s price has been dwindling entering 2024. VET is down 5.6% in the weekly charts and 6.5% over the previous month. Nonetheless, the token is still up 9.7% in the 14-day charts and 16.5% since January 2023. Source: CoinGecko Also Read: VeChain : When Will VET Reclaim Its All-Time High of $0.28? Price prediction for mid-February 2024 According to CoinCodex, VET could plummet to $0.025804 by Feb. 14, 2024, a fall of about 7.5% from current levels. However, CoinCodex anticipates the token to regain momentum by the end of the month, reclaiming the $0.27 level. Source: CoinCodex According to Changelly, VeChain ( VET ) could hit a maximum price of $0.0516 in February 2024. The price rise would translate to a growth of about 85% from current levels. Also Read: VeChain (VET) Predicted to Make Massive Turnaround to $0.05? Telegaon anticipates a maximum price of $0.055 for VET, which would tra...

VeChain is currently trading at $0.016 and is moving at a snail’s pace in the indices. The cryptocurrency markets are highly volatile, but VET is trading against the wind and has barely moved up in value in the last four months. VeChain is testing the patience of its investors, as the cryptocurrency has delivered no profits since Q2 2023. The price stagnation is making VET turn bearish, and the token is failing to attract bullish sentiments. Also Read: Shiba Inu: Shibarium Released, When Will It Drive SHIB Towards $0.01? Source: CoinGecko So will VeChain turn the tables and rally in the next 10 days and close August on a high? In this article, we will highlight how high or low VET could move in the charts by the end of the month. VeChain: How High or Low Will VET Trade By the End of August 2023? Source: Unsplash Leading on-chain metrics and price prediction firm CoinCodex has painted a bearish picture for VeChain . According to the prediction, VET has more chances ...

The VeChain Foundation published its quarterly financial reports for the Q4 of 2022 (October to December ’22). The breakdown of the financial reports shows that the Foundation holds $275 million worth of cryptocurrencies in its reserves. The reserves include a trove of Bitcoin, Ethereum, VET , and stablecoins, among other assets. The Foundation currently holds $35 million in stablecoins along with $240.3 million worth of cryptocurrencies mainly BTC, ETH, and VET. However, the bear markets wiped out a portion of VeChain’s reserves as their Q3 results in 2022 showed reserves standing at $357 million. That’s a decline of nearly 30% in three months during the Q4 of the same year. Also Read: Bitcoin & Shiba Inu Outperform Nasdaq 100 Returns in Q1 of 2023 VeChain Reserves Experience A Dip Source: cryptopolitan.com The VeChain Foundation explained the reserve dip in their latest blog saying, “Towards the end of Q4, the fair value of total asset in USD was recorded at 27...