VeChain is among the top-performing cryptocurrencies in 2023, as it has doubled in price since the start of January. It spiked 100% as it rose from $0.015 to a high of $0.032 in less than two months. VET is attracting heavy bullish sentiment in the indices and could gear up for another rally in the indices. The HiVe launch on Mar. 4, 2023, is attracting investors that could catapult its price from its current level of $0.028. Read here to know more details about The HiVe and how the VeChain blockchain will enter the Web3 sphere.
Also Read: VeChain Spikes Double Digits: Skyrockets to $0.03 After a 100% Rise in 2023
VeChain: VET Price Prediction For March 2023
A few whales entered the VeChain market before the blockchain launched The HiVe protocol. Therefore, VET stands at a risk of sell-offs after the launch as investors could indulge in profit bookings. However, leading price prediction firm Gov Capital remains confident about VET’s prospects in March 2023.
According to the latest price prediction by Gov Capital, VeChain could double in price again from its current level of $0.028. The on-chain metrics firm predicts that VET could reach $0.0562 by the end of March 2023.
Also Read: When Will VeChain Reach $1?
That’s an uptick of nearly 100% in the indices. According to the forecast, the launch of The Hive could attract investors into VET throughout the month. However, VET could retrace in price after touching $0.0562, according to the prediction.
If VET breaks its resistance levels of $0.035, it could scale up further and reach new monthly highs. The VET community is also riled up for the event which would see the blockchain ramping up collaborations among the industry players.
Also Read: VET Price Prediction: When Could It Reach $0.1?
At press time, VeChain was trading at $0.028 and was up 3.5% in the 24-hour day trade. VET is down 89.90% from its all-time high of $0.28, which it reached in April 2021.
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