VeChain (VET) has seen a significant price correction over the last few weeks. The token has fallen by over 14% in the previous 14 days. However, VET is still by 6.7% in the monthly charts.
According to CoinCodex, VeChain’s (VET) price may face consolidation this week, oscillating between $0.029 and $0.030. However, the asset may gain momentum early next month. Moreover, the platform says that current sentiment is neutral, while investors are in a greed phase, which could lead to a price spike later.
Also Read: VeChain: Weekly $100 in VET Since Launch Is Worth This Much
Changelly predicts a maximum price of $0.033 for VET in January 2024. Reaching $0.033 would translate to a growth of about 10% from current levels.
VET is a supply-chain-based project that is involved in several climate-change-related issues. The project has also partnered with several global firms.
Will VeChain (VET) Reclaim its all-time high in 2024?
VET is currently down by over 89% from its all-time high of $0.28, which it attained in April 2021, almost three years ago. Although fans and investors are hopeful VET will reclaim its 2021 high soon, it may take VET a few years to reach its all-time high again.
According to CoinCodex, VET could reclaim its 2021 peak sometime in 2029, five years from now.
Also Read: VeChain VET Can Rally 4400% and Reach $1.60: Predicts Analyst
Nonetheless, some analysts are bullish on VET and predict the token could surpass the $1 this year. According to analyst Aj, VET had its first Golden Cross since June 2020. Aj anticipates the Golden Cross formation to send VET to $1.14 by October 2024. Reaching $1.14 would translate to a growth of about 3700% from current price levels.
However, Changelly does not anticipate VeChain (VET) to breach the $1 mark till at least January 2023, nine years from now.
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