Blockchain-powered supply chain platform VeChain has experienced rapid growth since the start of Q4. Concurrently, the network has also tied up with several tech firms in order to renovate the existing technology. As the altseason is on the horizon, the VET price could soon take a major leg up to new milestones!
As Bitcoin and Ethereum prices recently hit new ATH, followed by which VET price has also earned good profits. The altcoin was maintaining a decent trend with little dumps. Yet substantial large pumps until its recent collaborations uplifted the price momentum by approximately more than 50% taking the price to $0.132.
Analyst Made A Whooping Prediction For VET Price!
Popular crypto analyst Justin Benett sharing a series of VET price charts highlighted that the altcoin could soon begin a bull run. The daily chart shown by him pointed out that the altcoin is outperforming Bitcoin, the day after the asset hit an ATH. According to the ideal scenario shared by him, the most valued asset is expected to take a leap between the $70 to $75 price range. And later the cash flow into altcoins, majorly to VET.
On the other hand, the technical analyst reviewed the VET’s concurrent performance with Ethereum. If the trend continues, and Ethereum continues to surge beyond $10. He expects VET to move along with it to smash $1.50 in the upcoming bull run.
Moreover, the altcoin has recorded a new milestone in terms of futures trading volume. The volume was almost doubled in the last 30 days. VET futures had a price change of more than 100% over the past month, with a trading volume of $262.32 million.
Collectively, the increasing interest towards the altcoin could escalate the price action in Q4. Concurrently, the platform is further planning its collaboration with reputed tech firm Schnieder electric green innovation, which could captivate the attention of the new user base. The VeChain price has already entered a discovery phase with an uptrend. Confirmation of the partnerships under pipeline would drift the price rally to new milestones.