VeChain Jumps 11% as VET Targets $0.14

0
1

The cryptocurrency market has enjoyed a rather stark turnaround today, with a host of assets gaining. Bitcoin has led the way, with the leading crypto by market cap surpassing the $105,000 level. Now, VeChain has surprised many, with VET jumping as much as 11% and targeting a jump to $0.14 in the near term.

Throughout the first month of the year, VeChain emerged as a high-potential cryptocurrency. One of the bigger surprises, it had a notable surge to end last year, with all eyes on being one of the biggest gainers in 2025. Amid its recent increase, the token has set the table to be just that.

Vechain
Source – Bitpanda

Also Read: VeChain (VET) On Pace to Return to $0.1: Here’s When

VeChain Jumps as Market Rebounds as Experts Project VET to $0.14

2025 was always viewed as a potential game-changer for the cryptocurrency sector. Yet, just 30 days into the year, it is hard to overstate just how important its changes have been. The asset class has emerged as a clear focus for newly inaugurated President Donald Trump, who called on the US to become the “world capital” for AI and crypto.

Moreover, he has already enacted a crypto task force within the US Securities and Exchange Commission (SEC) and established a digital asset stockpile. All of that has led to a massive market rebound today. Among the biggest winners is VeChain, as its 11% jump today has VET targeting an increase to $0.14.

vechain vetvechain vet
Source: Zipmex

Also Read: VeChain: 200% Rally Has VET Eyeing Yearly High in December

The cryptocurrency was up more than 8% Friday, according to CoinMarketCap. Moreover, it had only jumped 7.8% over the last 30 days, signifying the volatility that the market has observed this month. Still, its $0.0466 price is up 60% from its position in January of last year.

There is still so much expected for the token this year. According to the crypto price prediction platform CoinCodex, VeChain is expected to target a price of $0.06 this month. However, that should set the stage for a $0.08 in February and a trend of continued growth.

Altogether, it projects March to bring a $0.14 price, up more than 300% from its current position. That wouldn’t be all, as analysts at the platform forecast a $0.19 2025 high to take place that month. That ceiling would situate the token to be firmly above the $0.1 level for most of this year.

Credit: Source link

ads

LEAVE A REPLY

Please enter your comment!
Please enter your name here