VeChain (VET) has faced a significant price correction in the last 24 hours, falling 3% in the daily charts. Despite the rally, the asset is up by 3.5% in the weekly charts, 1.2% in the 14-day charts, 6.6% over the previous month, and 35.4% since October 2023.
Source: CoinGecko
The possible reason for VET’s price drop is that Bitcoin (BTC) may have stabilized at $67,000. With the US Presidential elections quickly approaching, investors might have grown wary. Because of his pro-business and pro-crypto views, many analysts believe that the market will rally if Donald Trump wins the election.
Let’s learn how to become a millionaire when VET hits 50 cents ($0.50).
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How To Become A Millionaire When VeChain Hits 50 Cents?
Source – Bitpanda
You will need two million (2,000,000) coins in order to have one million dollars worth of VET at a rate of 50 cents a coin. 2 million VET tokens are currently valued at roughly $44,000. Your portfolio’s value will grow by 2172.73%.
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While the growth would be commendable, the question becomes when VeChain will hit the 50-cent mark.
According to Changelly’s analysis, VET may breach the 50-cent mark in June 2032, about eight years from now. There is a possibility that VET will hit the 50-cent target much sooner than Changelly predicts.
Source: Changelly
Telegaon analysts are a lot more bullish on VeChain (VET) than Changelly. The platform anticipates the asset to breach the 50-cent mark next year. Telegaon analysts predict VET will trade at a potential maximum price of $0.54 in 2025.
Also Read: Top 3 Meme Cryptocurrencies That Could Double Your Investment
Source: Telegaon
While both platforms provide a varying forecast for VET, which prediction will come to fruition is yet to be seen.
