VeChain Outshines Bitcoin, XRP, Solana: Can VET Hit $0.1 Soon?
VeChain (VET) is currently outperforming the top 10 crypto projects by market cap in the daily charts. VET’s price has risen by 14.8% in the last 24 hours, 12.2% in the weekly chats, 9.7% in the 14-day charts, and 7.8% over the previous month. The asset has also rallied by 84.4% since January 2024.
Bitcoin (BTC) has rallied 2.9% in the daily charts. XRP and Solana (SOL) have risen 3.3% and 8% in the same time frame.
Why Is VeChain Rallying?
VET’s latest rally could be due to the general market resurgence. Most major crypto assets are trading in the green zone. Bitcoin (BTC) has reclaimed the $105,000 level and other coins are following suit.
The market rally could be a reaction to Donald Trump’s inauguration. Trump has been quite supportive of the crypto industry. His crypto-positive policy may have caused the market rally.
Bold Prediction
CoinCodex predicts VeChain (VET) will continue to rally over the next few months and hit 10 cents on April 7 of this year. Reaching $0.1 from current price levels will entail a rally of 100%. The platform also expects VET to reach $0.20 on April 20 of this year. Hitting $0.20 from present price levels will lead to a rally of around 300%.
There is also a chance that VET will not rally over the next few months. The asset could face a correction if investor sentiment dips. The Federal Reserve has also taken a hawkish stance with its monetary policy, which could hinder a market rally.
