VeChain (VET) is currently dominating top assets such as Bitcoin (BTC), XRP, and Solana (SOL) in the daily, weekly, and 14-day charts. The asset has rallied by 2.6% in the daily charts, 22.4% in the weekly charts, and 10.1% in the 14-day charts. BTC is up by 2.4%, 9.7%, and 8.7% in the respective time frames. VET has consistently outperformed BTC, XRP, and SOL over the last few days.
Source: CoinGecko
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Why Is VeChain Rallying?
Source: Watcher Guru
The crypto market faced a significant correction last month. Bitcoin (BTC) fell below $93,000, while VET and other assets followed suit. The correction was likely due to inflation in the US rising to 2.7%. The Fed took a hawkish stance after the inflation figures. The central bank announced only two interest rates in 2025 instead of three, causing some weary among market participants.
VET’s latest rally follows BTC’s recent rise to the $101,000 price point. BTC broke out after Microstrategy purchased another 1070 BTC for $101 million.
VET’s rally could also be due to President-elect Donald Trump’s inauguration on Jan. 20, 2025. Trump is an avid crypto supporter. We may witness another market-wide rally after Trump assumes office. His pro-crypto and pro-business stance has led to a significant rise in investor confidence.
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Will The Asset Hit $0.10 Next?
Source: CoinCodex
According to CoinCodex, VeChain (VET) will continue its bullish momentum over the next few weeks. The platform anticipates the asset to hit $0.102 on Apr. 7, 2025. Hitting $0.102 from current price levels will lead to a rally of about 96.15%.
Source: Changelly
Changelly is quite bearish on VeChain (VET). The platform anticipates the asset to trade at a potential maximum price of $0.031 in April 2025. Reaching $0.031 from current price levels will lead to a dip of about 40.38%.
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