Despite a small correction to end the week Friday, VeChain has enjoyed a game-changing 200% rally that has VET eyeing a yearly high in December. Indeed, the token is looking to return to the $0.07 level, revising its two-year high that it broached during the last month of the year.
There have been high hopes for the continued development of VeChain. Indeed, many believe that the recent increase is just a sign of bigger and better things to come. With many experts predicting a massive rally for the token in the coming year, it is looking to get a jump on those records with its highest price point in 2024.
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Also Read: VeChain 2025 Price Prediction as a New All-Time High Could be Incoming
VeChain to Leave 2024 On a High, Set Tone for Reserugent 2025
Since Donald Trump emerged victorious in the 2024 presidential election, the crypto market has been surging. Although the year had been great for the asset class, November kicked everything into another gear. Indeed, it saw Bitcoin reach a six-figure price point for the first time in its history.
That reality has been critical for several other cryptocurrencies. Chief among them is VeChain, as a 200% surge has VET looking to end December with a yearly high. Over the last month, it has been on a roll, and many experts are starting to believe that it can be the start of a massive year for the asset.
Source: Zipmex
Also Read: VeChain Hits 2-Year High as it Outperforms Bitcoin, Solana
Over the last 30 days, VeChain has surged as much as 206%, according to CoinMarketCap. Although it dropped as much as 2.9% Friday, it was still up 51% over the prior seven days. Those metrics had the token still firmly above the $0.065 level.
Additionally, that data could have VET challenging the $0.072 2024 high that it posted earlier this week. That could just be the start of a massive cycle, as Binance has shared recent predictions that could have the asset reaching heights of $2.
Specifically, the prediction notes that the asset could mirror Cardano (ADA) and target a Fib 1.618 level. That would see the top of VeChain’s current cycle at $2, with a bottom still sustained between $0.11 and $0.15. Any way you slice it, this should be a transformative year for VeChain. Moreover, 2025’s performance will surely kick off in December.
