VeChain had a phenomenal run in the indices during the bull run of 2021 as it skyrocketed in the charts. The supply chain-based cryptocurrency reached an all-time high of $0.28 in April 2021 and began to dip thereon. VET was among the top-performing digital assets back then giving investors a handful of returns in a short period.
Also Read: BTC: Bitcoin Could Hit $100,000 in the Next 10 Days, Says Analyst
When the cryptocurrency market entered the bearish grips in 2022, VET began to dip and never returned to its previous glory. The bull run is now a thing of the past and VET’s rally falls into distant memory. Nonetheless, VeChain managed to reclaim lost ground as it surged by nearly 80% in Q1 of 2024.
The Bitcoin halving event was the sole reason why leading cryptocurrencies spiked in price early this year. VET slipped in the indices after the Bitcoin halving event making it enter the mercy of the bearish territories again. So will VeChain shed its baggage and rally in the charts again? In this article, we will highlight when VET could reclaim its all-time high of $0.28.
Also Read: ASEAN Countries Increases U.S. Exports, Ditch China in 2024
When Will VeChain (VET) Reclaim Its All-Time High of $0.28?
Leading on-chain metrics and price prediction firm CoinCodex has painted a neutral picture for VeChain in the coming years. According to the price prediction, VET might never breach its all-time high of $0.28 in the decade before 2030.
Also Read: Apple Shares: Warren Buffett Loses $4.5 Billion From Selling Early
The forecast estimates that VeChain might come near its ATH in 2029 and reach a maximum high of $ 0.25. That’s still three Cents less than its ATH even after five years. The estimate forecasts that VET could dip again after hitting $0.25 and lose most of its value in 2030.
Also Read: Citi Analysts Predict Oil Prices Could Crash To $60 a Barrel
No indicators point towards VeChain reclaiming its all-time high of $0.28 shortly. The cryptocurrency could remain on the back foot for many more years to come and test investors’ patience. It is advised to trade cautiously with VET and trade at your own risk.
