Should You Buy VeChain (VET) During the Ongoing Bull Run?
VeChain is among the top-performing cryptocurrencies this month as it spiked nearly 75% in the last 30 days. VET delivered handsome profits to investors who took an entry position into the altcoin early this year. The supply chain-based cryptocurrency is currently trading at the $0.04 level and is attracting bullish sentiments in the charts. The leading altcoin remains in the green for five consecutive days despite Bitcoin and the broader cryptocurrency market cooling down.
Also Read: Cryptocurrency: Top 3 Coins to Buy Under $0.01 For Stellar Profits
Now that VET already spiked 75% in 30 days, will the cryptocurrency deliver similar returns in March? In this article, we will highlight if VeChain is a good investment this month that can print good profits for investors.
Also Read: Ripple (XRP) Eyes $1 Price Target
VeChain: Should You Buy VET Cryptocurrency This Month in March 2024?
Leading on-chain metrics and price prediction firm CoinCodex remains to be bearish on VeChain for the rest of March 2024. According to the price prediction, VET could experience a downward trajectory leading to losses for investors. While the losses might not be too harsh, they could be inside the single-digit threshold.
The price forecast for VeChain points towards a loss between 2 to 8% in the next few weeks. Though VET could remain firmly at the $0.04 level, the decimals could change rapidly this month.
Also Read: Cardano (ADA) Forecasted To Climb Above $1.5: Here’s When
The least VeChain could reach mid-March is $ 0.044829, according to the price prediction. Therefore, it is advised to invest in other cryptocurrencies at the moment as the bull run is leading altcoins to deliver double-digit gains. It is advised to do thorough research before taking an entry position into VET currently as all indicators point toward a price decline.
Also Read: Bitcoin (BTC) Forecasted To Climb Above $87,000: Here’s When
At press time, VeChain was trading at $0.04 and is up nearly 1.5% in the 24-hours day trade. However, VET is down close to 84% from its all-time high of $0.28, which it reached in April 2021.
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Crypto Price Today: BTC, ETH, SOL, TAO, INJ, DOT Start Week in the Green
Should You Buy VeChain (VET) During the Ongoing Bull Run?
VeChain is among the top-performing cryptocurrencies this month as it spiked nearly 75% in the last 30 days. VET delivered handsome profits to investors who took an entry position into the altcoin early this year. The supply chain-based cryptocurrency is currently trading at the $0.04 level and is attracting bullish sentiments in the charts. The leading altcoin remains in the green for five consecutive days despite Bitcoin and the broader cryptocurrency market cooling down.
Also Read: Cryptocurrency: Top 3 Coins to Buy Under $0.01 For Stellar Profits
Now that VET already spiked 75% in 30 days, will the cryptocurrency deliver similar returns in March? In this article, we will highlight if VeChain is a good investment this month that can print good profits for investors.
Also Read: Ripple (XRP) Eyes $1 Price Target
VeChain: Should You Buy VET Cryptocurrency This Month in March 2024?
Leading on-chain metrics and price prediction firm CoinCodex remains to be bearish on VeChain for the rest of March 2024. According to the price prediction, VET could experience a downward trajectory leading to losses for investors. While the losses might not be too harsh, they could be inside the single-digit threshold.
The price forecast for VeChain points towards a loss between 2 to 8% in the next few weeks. Though VET could remain firmly at the $0.04 level, the decimals could change rapidly this month.
Also Read: Cardano (ADA) Forecasted To Climb Above $1.5: Here’s When
The least VeChain could reach mid-March is $ 0.044829, according to the price prediction. Therefore, it is advised to invest in other cryptocurrencies at the moment as the bull run is leading altcoins to deliver double-digit gains. It is advised to do thorough research before taking an entry position into VET currently as all indicators point toward a price decline.
Also Read: Bitcoin (BTC) Forecasted To Climb Above $87,000: Here’s When
At press time, VeChain was trading at $0.04 and is up nearly 1.5% in the 24-hours day trade. However, VET is down close to 84% from its all-time high of $0.28, which it reached in April 2021.
Read More