Will this be a big week for the VeChain (VET) cryptocurrency? The VeChain cryptocurrency is a blockchain-based global information platform launched in 2015 in Singapore.
Renowned cryptocurrency analyst Ali Martinez shared an analysis on February 14 in which he observed a crucial pattern in the VeChain cryptocurrency, which, if repeated, could propel the token significantly higher.
In his prediction, the cryptocurrency expert highlighted that the VET token could trigger a rally to the $0.054 level this week, in addition to a future high to $0.70.
“It looks like it will be a big week for VeChain! If history repeats itself, $VET could be looking at a move to $0.054 this week, a brief correction through June, and then a rally to $0.70 in November!” he wrote.
It feels like it will be a big week for #VeChain! If history repeats itself, $VET could be looking at a move to $0.054 this week, a brief correction until June, and then a bull run to $0.70 by November! pic.twitter.com/wTdPW34NNH
— Ali (@ali_charts) February 14, 2024
At the time of publication, the price of VeChain was quoted at US$0.03441 with an increase of 10.4% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$108,136,485. The cryptocurrency has shown a very significant increase in the last week. VeChain price has increased by 23.9% in the last seven days.
What is VeChain (VET) token?
The VeChain cryptocurrency was introduced in 2015 as part of Shanghai-based Blockchain-as-a-Service (BaaS) company BitSE. VeChain is a distributed business ecosystem that uses blockchain technology. It was developed specifically for small and large companies. VeChain’s public blockchain is VeChainThor.
The VeChain Foundation was founded in Singapore and oversees the development, governance, and progress of the VeChain ecosystem.
VeChain is already considered by many to be a mature company, with many real-world business applications already existing on the VeChainThor blockchain. According to VeChain Whitepaper 2.0, “these solutions are not just theoretical, they are solutions tested and discussed with more than 700 companies and implemented for more than 100 high-level companies.”
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/grande-semana-para-vechain-analista-preve-alta-para-criptomoeda-vet/
