Thursday, January 20, 2022
Banner Top

Crypto analyst Justin Bennett thinks VeChain (VET) could skyrocket several times above its current price.

In a new YouTube video, Bennett says if VET breaks $0.10, it’s likely to keep moving up in price.

“As long as it’s above that $0.06 area, I’m still bullish on VET over the next year, and I think if we get above $0.10, that $0.103 cent area, then I do think we get that move back toward the $0.12 region, and potentially $0.15 and then some.”

The analyst also notes that if VET takes off this year, potential breakout areas could be as high as $0.38-$0.40.

“That could be the objective if VET does break out of this pattern later this year.

Of course, it has a long way to go to do that.

But if it does break out, you’re probably looking at a target up around $0.40 for VET.”

VeChain is a supply chain optimization blockchain built for enterprise solutions offering a list of services to improve product lifecycle management and data certification.

The platform’s native token, VET, is currently trading at $0.093816, up nearly 8% in the past 24 hours.

I

Check Price Action
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
&nbsp
Check Latest News Headlines

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/KDdesignphoto/WindAwake

Tags: , , ,

Related Article