VeChain's Value Increases By Nearly 60% Year-Over-Year Amid Speculations Of New Highs

According to CryptoPotato, despite a recent dip, VeChain (VET) has experienced a nearly 60% increase in its value year-over-year. This has led to speculation about the cryptocurrency reaching new highs soon. Analyst predictions are varied, with some expecting short-term rises to $0.06, while others envision a 2,500% rally to $1. Despite a significant plunge in the past week, VeChain’s native cryptocurrency – VET – remains among the best performers on a yearly scale, with its price rising by almost 60%. It currently hovers around the $0.04 mark, while some analysts believe a new all-time high above $0.25 could be on the horizon. One such analyst is Ali, who thinks VET mimics its price trajectory from June to December 2020. According to Ali, the asset may retrace to the “upper boundary” at $0.032 in the following days and then start ascending to as high as $0.60. Other analysts who recently envisioned a bright future for VET include Clifton Fx and World of Charts. Clifton Fx maintained the coin’s value could rise to $0.06 in the short term, while World of Charts assumed the $0.22 mark may be reached this summer. The most optimistic prediction came from Flash, who believes VET is poised for a 2,500% rally toward the all-time high of $1.