The cryptocurrency market seems to be entering another slump as Bitcoin (BTC) briefly fell below the $68,000 mark. The global crypto market cap also fell to $2.68 trillion. The lackluster market environment could be due to Mt. Gox’s recent transfer of $9 billion worth of BTC. The exchange will begin its repayment process to creditors who lost funds in the 2014 hack. Other assets, such as VeChain (VET), have also taken a hit due to fears of a sell-off.
VET is down by 2.1% in the daily charts, 2.9% in the weekly charts, 1.9% in the 14-day charts, and 4.2% over the previous month. Nonetheless, the asset has maintained gains from last year, rallying 67.4% since late May 2023.
Also Read: VeChain: How High Can VET Go in June 2024?
VeChain (VET) weekend price prediction
According to CoinCodex, VET will continue trading at current levels this weekend. The platform predicts VET to hit $0.034452 on Sunday, June 2, 2024. Reaching $0.034452 from current levels would translate to a fall of about 1.17%.
Also Read: VeChain: Can $1000 of VET in 2024 Make $1 million By 2030?
Moreover, CoinCodex anticipates VeChain (VET) to hit a low of $0.032 in the first week of June. However, the platform predicts the asset will pick up steam by mid-June, hitting $0.036 by June 17, 2024.
Changelly is more bullish on VET than CoinCodex. The platform anticipates VET to hit a maximum price of $0.0464 in June. Reaching $0.0464 from current levels would translate to a growth of about 33.1%.
Furthermore, VeChain (VET) recently announced a partnership with the Shanghai Environment Exchange to bring significant development and innovation to carbon emission management solutions. The move may help push VET’s price, given a positive market environment.
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