- VeChain (VET) is currently trading around $0.020 with predictions of an 18.5% rise to $0.025 by the end of September 2024.
- Changelly and other platforms suggest this could be a good time to invest, but market risks remain unpredictable.
VeChain (VET) has been trading around the $0.020 mark throughout September 2024. The supply chain-based cryptocurrency has experienced minimal movement in recent weeks, showing little to no significant price spikes.
VeChain’s price has remained stagnant, moving sideways without any notable surges. Market data indicates that the cryptocurrency has not seen any major upward trends, leaving it at a standstill. This flat price action has led some traders to question whether VET could be nearing a potential breakout. As of this writing, VeChain (VET) is currently trading at $0.02066 with a 24-hour drop of 1.89% and a weekly drop of 7%.
Changelly Forecasts Potential 18.5% Price Surge for VeChain
Despite the slow price action, forecasts from key analytics firms have painted a more optimistic picture for VeChain in the coming weeks. On-chain metrics and predictions suggest that VET could rise up to 18.5% by the end of September, reaching a maximum high of $0.025. This would represent a significant return for investors who enter the market at its current price levels.
According to the price prediction platform Changelly, VeChain could experience a notable increase in value over the next few weeks. The forecast indicates that VET might rise from its current $0.020 price point to as high as $0.025 by the end of the month. This potential surge could offer a solid return for investors, with an estimated 18.5% profit on the cards.
For those considering an investment, the numbers are appealing. A $1,000 investment in VeChain at its current price could potentially yield $1,185 if the cryptocurrency reaches its projected target. However, while the forecast appears promising, it is important to note that the cryptocurrency market remains volatile, and there is no guarantee that VET will reach these levels.
“After analyzing VeChain prices, cryptocurrency experts expect that the VET rate might reach a maximum of $0.0250 in September 2024,” reads the prediction from Changelly.
CryptoBusy Highlights VeBetterDAO Activation
In addition to price predictions, VeChain’s ecosystem has been expanding steadily. A recent tweet by CryptoBusy highlighted key achievements, such as the activation of on-chain sustainability proofs through VeBetterDAO. This development has led to over 2 million transactions on the network, signaling increasing activity and interest from developers.
VeChain’s continued growth in decentralized applications (dApps) and developer tools has contributed to its steady market presence. New templates and tools have been released, attracting significant attention from developers and pushing the ecosystem forward.
Additionally, Cheeky Crypto, a well-known cryptocurrency analysis platform, has maintained a positive outlook for VeChain. In a recent post, Cheeky Crypto noted that the long-term prospects for VET remain favorable. The platform pointed out that, despite the current sluggish price action, the potential for significant returns remains a driving force among investors.
However, some caution is advised. While the price predictions for September are promising, the forecast for VeChain over the coming years remains speculative. Cheeky Crypto emphasized that achieving long-term gains, such as turning a $1,000 investment into $1 million by 2030, is far from guaranteed.
