A recent analysis suggests that the performance of Bitcoin (BTC) and Ethereum (ETH), particularly following anticipated ETF launches, could have a ripple effect on altcoins like VeChain (VET), potentially driving them to new all-time highs.
Crypto analyst Nick Regan has outlined this possibility, citing VeChain’s current market position and technical indicators as key factors.
Following the launch of Exchange-Traded Funds (ETFs), Bitcoin reached a remarkable pre-halving ATH of $75,830 in March. As of press time, it trades at $60,700 with a market cap of $1.1 trillion, per data.
Ethereum is expected to follow a similar trend once its anticipated ETF begins trading this month. As such, experts expect Ethereum to hit $15,000, potentially reaching a market cap of $1.8 trillion, a 4.4x increase from its current position.
The host explained that despite Bitcoin’ and Ethereum’ diminishing gains o…
The post Analyst: VeChain Could Be the Next Big Altcoin Winner, Thanks to Bitcoin and Ethereum ETFs appeared first on Coin Edition.
A recent analysis suggests that the performance of Bitcoin (BTC) and Ethereum (ETH), particularly following anticipated ETF launches, could have a ripple effect on altcoins like VeChain (VET), potentially driving them to new all-time highs.
Crypto analyst Nick Regan has outlined this possibility, citing VeChain’s current market position and technical indicators as key factors.
Following the launch of Exchange-Traded Funds (ETFs), Bitcoin reached a remarkable pre-halving ATH of $75,830 in March. As of press time, it trades at $60,700 with a market cap of $1.1 trillion, per data.
Ethereum is expected to follow a similar trend once its anticipated ETF begins trading this month. As such, experts expect Ethereum to hit $15,000, potentially reaching a market cap of $1.8 trillion, a 4.4x increase from its current position.
The host explained that despite Bitcoin’ and Ethereum’ diminishing gains o…
The post Analyst: VeChain Could Be the Next Big Altcoin Winner, Thanks to Bitcoin and Ethereum ETFs appeared first on Coin Edition.