The last two weeks have seen the digital asset sector get hit with a massive correction. That has affected essentially every cryptocurrency across the board. Among the most affected is VeChain, despite the slide to $0.045, VET is still expected to enjoy a 300% increase in 2025.
Despite the recent skid, there are still high hopes for the digital asset sector in the coming year. With VeChain announcing its continued collaboration with the Ultimate Fighting Championship (UFC), it should be among the biggest winners when the calendar turns.
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Also Read: VeChain Surges 12%: How High Will VET End 2024?
VeChain to $0.1? Why Recent Corrections Shouldn’t Stop Incoming Rally
It has certainly been an unforgettable year for digital assets. The asset class has made such strides over the last twelve months, becoming a key investment hub and growing in prominence throughout the globe. With crypto-based ETFs getting approved and Bitcoin hitting six figures, it has truly been game-changing.
Yet, the sector was hit with a wave of price corrections amid the holiday season. Bitcoin had retreated from the $100,000 mark, with a host of others falling alongside it. Among the steepest droppers has been VeChain, although VET has slid to $0.045 shouldn’t derail its protected 300% surge for 2025.
Also Read: VeChain: 200% Rally Has VET Eyeing Yearly High in December
Over the last seven days, VeChain has dropped more than 19%, according to CoinMarketCap. Moreover, that has threatened its gains from a more recent rally, with the asset only up 3% over the last 30 days. However, that correction has slowed, with VET down just 2.1% to trade at its current level.
However, that negative turn is not expected to persist. According to crypto price prediction platform CoinCodex, VeChain is eyeing an increase of more than 300% in the coming year. Specifically, they project VET to reach heights of $0.18 in April.
Although that will be the yearly high for the cryptocurrency, it won’t be the end of its gains. The asset is expected to routinely trade at or around the $0.1 mark. In January alone, it should reach a maximum price of $0.06, up more than 33% from its current price.
