VeChain (VET) has performed substantially well over the last few days. The asset is up by 0.9% in the weekly charts, 18.3% in the 14-day charts, and 15.8% over the previous month. The asset is also up by 43.5% since October 2023. Despite the rally, VET has faced a 1.9% correction in the daily charts.
Source: CoinGecko
While VET is a popular cryptocurrency that has displayed robust growth over the last few days, let’s find out if the asset can breach the 10-cent mark this year.
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Can VeChain Hit 10 Cents In Q4 2024?
Current Price Levels And Predictions
A surge of roughly 301.6% is anticipated if current price levels reach 10 cents.
According to Changelly, VET will trade at $0.0293 throughout the fourth quarter of this year. Reaching $0.0293 from current price levels will translate to a rally of about 17.6%.
Source: Changelly
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Long-Term Predictions
Changelly analysts predict VET to breach the 10-cent mark in October 2027, exactly three years from now.
Source: Changelly
Bullish Predictions From Telegaon
Telegaon, on the other hand, is more bullish on VET than Changelly. The platform predicts the asset will hit a maximum price of $0.15 this year. Despite the bullish forecast, Telegaon does not clarify the month in which VET may hit the 10-cent target.
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Source: Telegaon
Environmental Initiatives And Future Growth
VET is a robust project with solid inclinations to engage in environment-related initiatives. Climate change is a global problem that has taken center stage. VET’s climate and environment-related projects make it a strong contender for future growth that could witness a significant price spike over the next few years. However, how the asset’s journey unfolds is yet to be seen.
