The cryptocurrency market is recovering today after its recent dip. Bitcoin (BTC) has reclaimed the $102,000 level. The global crypto market cap has risen by 1.1% in the last 24 hours to $3.65 trillion. VeChain (VET) also follows the recovery trend.
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VeChain’s Recovery Movements
VET’s price is up 5.3% in the daily charts, 2.3% in the weekly charts, 3.9% in the 14-day charts, and 59% since January 2024. Despite the recovery, the asset is down 4.1% over the previous month.
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VET’s recovery could be due to increased inflows into crypto assets. Tuttle Capital has filed for 10 crypto-based exchange-traded funds. The ETFs include Official Trump (TRUMP) and Melania Meme (MELANIA), the coins released by the US President and the First Lady. Microstrategy is also raising capital to purchase more Bitcoin (BTC). The developments may have trickled into VET and other crypto assets.
The Asset To Hit $0.17 Soon?
According to CoinCodex, VeChain (VET) will continue to rally over the next few months. The platform anticipates the asset to hit $0.17 on April 15, 2025. Hitting $0.17 from current price levels will lead to a rally of about 325%.
Changelly, on the other hand, is not quite bullish on VET. The platform anticipates the asset to trade at a maximum price of $0.0314 in April 2025. Reaching $0.0314 from current price levels will entail a dip of about 30.2%.
Also Read: Tuttle Capital Targets SEC Approval for XRP, Cardano, Chainlink, Polkadot, and Bonk ETFs
Based on the two forecasts, we have two opposing predictions for VeChain (VET). There is a possibility that the market will continue to surge over the next few weeks. There is also a chance that prices will consolidate or face another correction. How the crypto market moves over the coming months is yet to be seen.
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