VeChain (VET) Price Prediction: Will VET Price Hit $0.5 in 2022?

Key Takeaways:

• The VET price closed the previous day’s trade at $0.074 with a market capitalization of $4.83 billion and a circulating supply of 64.32B VET
• The asset is forming a consecutive bullish pattern and breaking out to surge with a double-digit margin.
• With the continued pace, the VET price may ignite another leg up gaining another 30% to close the Q1 trade on a bullish note.

VeChain Price Analysis: How High Will VET Crypto Price Go in March 2022?

The VET price consolidated healthily throughout the month within a very narrow range and pulled a massive leg up during the weekend. With an immense influx of liquidity, the VET price is showcasing extreme bullish momentum. The upcoming wave may even slash a zero in the price, paving way for the asset to soar above $0.1. Now, when the monthly and quarterly close is on the toes, the VET price may accelerate and try to achieve the interim target at the earliest. 

VeChain Price Prediction: Will VeChain Price Hit $0.1 in 2022?

VeChain price since the beginning of 2022 trade underwent a drastic bearish trend, while each attempt of a rebound was failing miserably. The asset, from the past couple of days, is recording extreme bullish candles by surging more than 40% at a stretch. With a bullish monthly close, the price may ignite a new bull run during Q2 2022. 

It may test the higher targets set at $0.15 initially. Later as the yearly close approaches, the asset may buckle up to reach out to the ATH. Amid the bullish momentum, the VET price may eventually discover new highs above $0.3. Or else if the bears try to restrict the rally, then the price could however trade above $0.18 to $0.2 levels by the end of 2022 trade.

Additional Read: VeChain Technical Analysis

VeChain Price Analysis: VET Price Table (Last 07 Days) 

VeChainPrice Prediction: VET Trend Comparison with AVAX (Last 30 Days)

Source: Tradingview

VET & AVAX prices both maintained a similar trend from the past month where both the assets hovered within a narrow trend. However, the VET price quickly jumped in action a couple of days before and surged gigantically. The asset is currently out of reach of the AVAX precise trend which is hardly 2.29% above the average level. While VET price is currently 38.96% above these levels and is expected to continue with the same bullish momentum ahead. 

Additional Read: LUNA vs AVAX: Comparative Analysis

Correlation of VET/USDT and VET/BTC (Last 30 Days)

Source: Tradingview

Both trading pairs currently appear extremely bullish after the recent spike. The spike was followed by an extended consolidation for more than a month which attracted huge liquidity onto the platform. No doubt both the trading pairs currently facing a slight pullback, yet could rebound firmly to reinstall with the uptrend. Currently, the VET/USDT pair is 39.15% above the average levels whereas the BTC pair is raised high by 20.59%.

Where & How to Buy VeChain VET coin

Investing or trading in Vechain (VET) or any of your favorite coins is very easy and safe on CoinDCX. Along with hassle-free trades, multiple features, and benefits, the platform offers a one-stop solution for all your needs related to the crypto trade. And hence we are India’s most reliable cryptocurrency exchange with a huge user base of 1 crore. 

To register, download the CoinDCX App on your smartphone and enter the required details. Once your details are verified, then fund your wallet and buy your desired crypto. Investing in your desired crypto was never so easy before. CoinDCX launches the ‘Crypto Investment Plan(CIP) where-in you can invest in installments. The installments range starts from as low as INR 200 to as high as INR 2000. Therefore, start in Bitcoin & other cryptos with Crypto Investment Plan now!

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to support@coindcx.com.
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.