VeChain Rallies 21%: Is This VET's Big Run To 5 Cents?
The cryptocurrency market is going through he roof right now. Bitcoin (BTC) hit a new all-time high of $122,838 earlier today, July 14. VeChain (VET) seems to be following BTC’s trajectory. The asset is up 5.1% in the daily charts, 21.7% in the weekly charts, 19.6% in the 14-day charts, and 13.6% over the previous month. VET could be on its way to reclaim the 5-cent mark once again. Source: CoinGecko Can VeChain Finally Reclaim $0.05? Source: Watcher.Guru VET last traded above the $0.05 mark in January of this year. Since January, the asset has experienced a gradual decline. We are currently in a similar predicament to earlier this year. Bitcoin (BTC) hit a new peak in January, while VET experienced a similar rise. VET could breach the $0.05 mark if BTC continues its upward momentum. A correction for the original crypto could lead to other assets spiraling out. According to CoinCodex analysts, VeChain (VET) may rise to around $0.033 by Sept. 9 of this year. The platform anticipate...