Crypto Analyst Egrag Crypto has issued a super bullish price forecast. VeChain (VET)analysts predict it will achieve significant profits soon.
VeChain expects 140x profit
Eglag A post on X (formerly Twitter) states that VeChain tokens could go up 50x or 140x. He further highlighted how crypto tokens can achieve upward movement. He analyzed the charts and said a 50x move could be valid if VET confirms a move like this: similar percentage increase Until what happened around 2019.
Source: X
At that time, VET is said to have increased by 5,892%. Eglag predicts If this move actually takes place, the crypto token could rise to $0.9. Meanwhile, regarding the 140x increase, the analyst argued that the move could take effect if the market ultimately witnesses a similar percentage increase around 2021, when VET prices rose by 14,638%. .
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That was when crypto tokens reached their limit. Best ever (ATH) $0.27. Egrag predicts that if this move ultimately materializes, VET could rise to $2. This prediction also means that VET is likely to find a new ATH. next bull run.
This is not the first time Egrag has presented a bullish price prediction for VET tokens. Last year, analysts predicted Based on historical patterns, VET could rise to $1.6. This prediction comes after the crypto token surged an astounding 77%, reaching price levels not seen since May 2022.
Big moves still await for VET
IEgrag is not the only analyst who has recently developed a bullish view on VeChain tokens. Crypto ZX, cryptocurrency analyst and YouTuber Also gave an analysis There, he predicted that if the crypto token manages to break through a certain resistance level, it could reach a new ATH. One level he highlighted at the time was the $0.033 mark.
Analysts also suggested that VET is currently in crisis. Consolidated period This is to prepare for further growth. On the next leg, Crypto ZX predicted that the crypto token would surge above his $0.033 resistance level. The analyst further clarified that it is essential for the stock to surpass that level in order to set new highs.
Interestingly, VeChain has since risen above that level. At the time of writing, the crypto token is trading at $0.0474. rose more than 5% in the past 24 hours, according to data From CoinMarketCap.
VET price at $0.048 | Source: VETUSDT on Tradingview.com
Featured image from Adaas Capital, chart from Tradingview.com
