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Analyst Singles Out VeChain And XRP For Parabolic Surge, Here Are The Targets

Crypto analyst Egrag Crypto has singled out VeChain (VET) and XRP as two crypto tokens that could soon witness significant price surges. The analyst also outlined price targets crypto investors can expect these tokens to attain.

VeChain Could Rise To As High As $2.5

From the chart Egrag shared in his X (formerly Twitter) post, one could see that he was hinting that VeChain hit $2.5 at its market peak. He also elaborated on how the crypto token will rise to that level by breaking its price action into three targets. The first target was the yellow channel, which he highlighted on the chart. 

VeChain

VeChain is expected to rise to as high as $0.18 when this target is fully achieved. Egrag noted that this will mark the “forging of the MACRO-Bottom.” The second target will see the crypto token rise to almost $0.9. The analyst pointed out that this channel “aligns with the Fib 0.702 & 0.786 levels,” forming what he referred to as the “Mid-Bull-Cycle.”

VeChain is expected to rise to as high as $2.5 when the last target is achieved. Egrag remarked that this target aligns with “key Fib levels 1.236, 1.414, & 1.618, suggesting the potential cycle top for #VET.” This isn’t the first time the crypto analyst has laid a bullish narrative for the VeChain token. 

In February, he predicted that the crypto token could witness a 140x price increase if it repeats its price action from around 2021 when it rose by 14.638%. 

XRP Run To $1.4 Still In Play

Egrag provided his bullish analysis of XRP in a separate X post. He stated that the crypto token’s double formation was giving a “strong bullish signal.” He added that he is confident that the “thrust will soon.” This recent analysis was an update to a previous one where he predicted that XRP would rise to $1.4 soon enough. 

XRP

 Back then, he was also confident that this move to the upside was imminent, noting that the bulls had accumulated all the XRP tokens that the bears had dumped. He urged XRP holders to “stay steady” in anticipation of the life-changing opportunities that may arise due to the crypto token’s parabolic surge. 

Egrag has remained bullish on the XRP token despite its unimpressive price action. He has predicted at different times that the crypto token could rise to as high as $27 at its market top. 

At the time of writing, XRP is trading at around $0.54, up in the last 24 hours, according to data from CoinMarketCap.

VET price chart from Tradingview.com

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VeChain On The Edge: Insider Says VET Will Reach The Finish Line

A self-acclaimed VeChain (VET) insider has made a bold claim about the token’s price. The insider suggested that VET’s tepid price action is a strategic ploy by the team, and the token will eventually make a parabolic rise when the time comes. 

VeChain Will “Reach The Finish Line”

The self-claimed insider known as ‘VeChain Whale’ admitted in an X (formerly Twitter) post that VET’s price is slow but added that the token will “reach the finish line.” He made this statement while comparing VET to a “snail” in terms of price action. 

VeChain Whale further revealed that the team could “pump the token” if they wanted but haven’t because of fear of “regulation and other factors.” The claim about regulation looks to be related to the Securities and Exchange Commission (SEC) and the fear that the network could face regulatory scrutiny from the Commission.   

The VeChain “insider” also claimed that the team wasn’t worried about VET’s price because they were aware that “90% of tokens will vanish” after the bull run, but VeChain would still be around. That is why they are choosing to play the “snail game,” unlike the other tokens that “do whatever to gain attractions and move up in the ranking at all cost.” VeChain Whale added. 

As expected, VeChain Whale’s post attracted criticism from crypto community members who questioned when he became a VeChain insider. In response, VeChain Whale stated that he needed to prove the doubters wrong and suggested that a major announcement was coming in June, which would make those doubting him now offer an apology when the time came. 

VET’s Price Set To “Explode”

In a subsequent X post, he mentioned that the team would make many announcements in the next two months, which would cause VET’s price to “explode.” He further assured VET holders that they can expect to see a 10x increase in the token’s price by June. 

Meanwhile, crypto analyst Egrag Crypto previously provided some insights into how high VET’s price could rise when the time comes, mentioning that the crypto token could see a 140x increase in its price. However, Egrag failed to say when precisely this parabolic price surge will happen. 

Crypto analyst and YouTuber Crypto ZX also once predicted that VET was primed to enjoy significant price increases and further stated that the crypto token could hit new all-time highs (ATHs) if it succeeded in breaking certain resistance levels. 

At the time of writing, VET is trading at around $0.0455, up over 7% in the last 24 hours according to data from CoinMarketCap. 

VeChain (VET) price chart from Tradingview.com

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VeChain Ready For Blast-Off: Crypto Analyst Predicts VET Price To Rally 14,600%

Crypto analyst Egrag Crypto has put out an ultra-bullish price prediction for VeChain (VET), which the analyst predicts will achieve significant gains soon enough. 

VeChain To See A 140x Gain

Egrag mentioned in an X (formerly Twitter) post that the VeChain token could see a 50x or 140x gain. He further highlighted how the crypto token could achieve any of this move to the upside. Analysing the chart, he stated that a 50x move could be in play if VET sees a similar percentage increase to the one that occurred around 2019. 

Back then, VET is said to have seen a 5,892% increase. Egrag predicts that the crypto token could rise to $0.9 if this move is indeed in play. Meanwhile, for the 140x gain, the analyst claimed that this move could be in play if the market eventually witnesses a similar percentage increase to the one around 2021 when VET’s price increased by 14,638%.

Related Reading: Pro-Ripple Lawyer Tags Poor XRP Price Performance As Unnatural, Rally Imminent?

That was when the crypto token hit its all-time high (ATH) of $0.27. Egrag predicts that VET could rise to as high as $2 if this is the move that ends up materializing. This prediction also means that VET will likely see a new ATH in the next bull run. 

This is not the first time Egrag has offered a bullish price prediction for the VET token. Last year, the analyst predicted that VET could rise to $1.6 based on historical patterns. This prediction came after the crypto token made an impressive surge of 77%, hitting price levels unseen since May 2022. 

Big Moves Still Lie Ahead For VET

IEgrag isn’t the only analyst who has recently laid out a bullish narrative for the VeChain token. Crypto analyst and YouTuber Crypto ZX also gave an analysis where he predicted that the crypto token could hit new ATHs if it succeeded in breaking certain resistance levels. One level he highlighted then was the $0.033 mark.

The analyst had also suggested that VET was currently in a period of consolidation as it gears up for another move to the upside. On the next leg up, Crypto ZX predicted that the crypto token was going to surge above the $0.033 resistance level. The analyst further revealed that a move above that level would be vital to unlocking new highs. 

Interestingly, VeChain has since risen above that level. At the time of writing, the crypto token is trading at $0.0474, up over 5% in the last 24 hours, according to data from CoinMarketCap. 

VeChain (VET) price chart from Tradingview.com

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VeChain Ready For Blast-Off: Crypto Analyst Predicts VET Price To Rally 14,600%

Crypto analyst Egrag Crypto has put out an ultra-bullish price prediction for VeChain (VET), which the analyst predicts will achieve significant gains soon enough. 

VeChain To See A 140x Gain

Egrag mentioned in an X (formerly Twitter) post that the VeChain token could see a 50x or 140x gain. He further highlighted how the crypto token could achieve any of this move to the upside. Analysing the chart, he stated that a 50x move could be in play if VET sees a similar percentage increase to the one that occurred around 2019. 

Back then, VET is said to have seen a 5,892% increase. Egrag predicts that the crypto token could rise to $0.9 if this move is indeed in play. Meanwhile, for the 140x gain, the analyst claimed that this move could be in play if the market eventually witnesses a similar percentage increase to the one around 2021 when VET’s price increased by 14,638%.

Related Reading: Pro-Ripple Lawyer Tags Poor XRP Price Performance As Unnatural, Rally Imminent?

That was when the crypto token hit its all-time high (ATH) of $0.27. Egrag predicts that VET could rise to as high as $2 if this is the move that ends up materializing. This prediction also means that VET will likely see a new ATH in the next bull run. 

This is not the first time Egrag has offered a bullish price prediction for the VET token. Last year, the analyst predicted that VET could rise to $1.6 based on historical patterns. This prediction came after the crypto token made an impressive surge of 77%, hitting price levels unseen since May 2022. 

Big Moves Still Lie Ahead For VET

IEgrag isn’t the only analyst who has recently laid out a bullish narrative for the VeChain token. Crypto analyst and YouTuber Crypto ZX also gave an analysis where he predicted that the crypto token could hit new ATHs if it succeeded in breaking certain resistance levels. One level he highlighted then was the $0.033 mark.

The analyst had also suggested that VET was currently in a period of consolidation as it gears up for another move to the upside. On the next leg up, Crypto ZX predicted that the crypto token was going to surge above the $0.033 resistance level. The analyst further revealed that a move above that level would be vital to unlocking new highs. 

Interestingly, VeChain has since risen above that level. At the time of writing, the crypto token is trading at $0.0474, up over 5% in the last 24 hours, according to data from CoinMarketCap. 

VeChain (VET) price chart from Tradingview.com

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Can VeChain Reach New Heights? Analyst Predicts Potential Bull Run

Bitcoin’s bullish momentum has fueled the crypto market to an upward trend. As the flagship cryptocurrency rises to the $52,000 level, several other cryptocurrencies follow its steps closely and exhibit signals of a possible bull run.

Accordingly, a renowned crypto analyst has predicted a potential bull run for VeChain (VET) that could lead the token to a new all-time high (ATH).

Will VeChain Repeat History?

Crypto analyst Ali Martinez has shared his prediction for VET this week. The analyst believes history could repeat itself, and the cryptocurrency may see its biggest week in years.

According to Martinez, VET seems to be repeating historical patterns that preceded the 2021 bull run and saw the token’s price rise to its all-time high price. In the X (former Twitter) post, the crypto analyst predicted that VET could surge to the $0.054 price range, a level it has not reached since April 2022.

The chart below shows the 595-day consolidation period that preceded the 2021 bull run. The cryptocurrency moved sideways during this period before eventually breaking out and reaching its ATH of $0.281.

Similarly, the chart indicates the current 644-day consolidation period in 2022. If history repeats this week, Martinez believes VET’s pattern could follow the 2021 trend and drive the token’s price upwards to $0.054. The analyst also predicted a potential price correction that would last until June.

After the correction, Martinez predicts a bull run that would skyrocket the cryptocurrency price to $0.70 by November of this year. This long-term prediction would triple VET’s previously established ATH.

VET Price Action

As previously reported, VET’s price broke above a significant resistance level in December 2023 before suffering a pullback. In January 2024, the cryptocurrency faced another rejection following an attempt to break out of the same $0.03 price resistance.

Following the recent Bitcoin rally, VET has been tracking its movements, mirroring a trend similar to that of the flagship cryptocurrency, as the chart below shows.

At writing time, VET is trading at $0.04625, a 5.1% surge in the last hour and a 32.3% surge in the previous 24 hours. According to CoinGecko data, cryptocurrency takes the 34th spot in market capitalization.

VeChain has a daily trading volume of $195 million, representing a 68.5% increase in one day. These metrics suggest a rise in market activity for the cryptocurrency and hint at a positive sentiment among investors.

However, despite Martinez’s prediction, VET’s price has a long road ahead as it is still 85.33% lower than the all-time high price achieved three years ago.

VET, Vechain, Crypto

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VeChain Skyrockets By 77% To Reach New Yearly High, Analyst Bullish On VET Targeting $1.6

In a remarkable display of bullish movement, the smart contract blockchain VeChain,  and its native token VET have emerged as significant players in the altcoin rally, experiencing an impressive surge of 77% since the end of November.

Over the past seven days, VET has recorded a substantial 33.5% increase, with an additional 5.4% surge in the past 24 hours, propelling the token to reach a new yearly high of $0.03806, a level unseen since May 2022.

This surge in VET’s value has generated substantial excitement among crypto analysts, who predict promising days and months for the token, noting a clear bullish momentum across various time frames. 

VeChain Potential Breakthrough 

Rekt Capital, a renowned crypto analyst, highlights the progress VeChain has made in closing the “Volume Gap” between $0.01728 and $0.02694. 

Rekt Capital suggests that VeChain is now primed to test the resistance wall between $0.0500 and $0.0600. This analysis indicates that VeChain’s momentum is strong and positions the token for potential further growth.

VeChain

However, while the bullish prospects for VET appear promising, significant resistance lines must be overcome to achieve further gains. 

In the event of a continuation of the VET rally above $0.0600, the token will face resistance walls at $0.06170 and $0.06450 before reaching the $0.0700 level on its path towards the coveted $1 mark.

VET’s Potential Surge To $1.6 Based On Historical Patterns

In addition to Rekt Capital’s analysis, Egrag Crypto, another respected crypto analyst, offers an optimistic outlook for VeChain’s future. 

Egrag Crypto believes that VeChain has the potential to reach an impressive target of $1.6. To support this projection, Egrag Crypto examines VeChain’s previous price movements and identifies patterns that indicate the potential for significant growth. 

VeChain

By analyzing a similar move ‘A’ from VeChain’s launch point at around $0.90, which resulted in a threefold increase from the previous all-time high, Egrag Crypto suggests that VeChain could replicate a similar move, leading to a surge towards the $1.6 mark or even Fib 1.618.

Egrag Crypto’s analysis aligns with VeChain’s historical performance and reinforces the notion that the token has the potential for substantial growth. 

With VeChain’s previous all-time high standing at $0.27, achieving the projected $1.6 mark would require a relatively modest 6X surge. Egrag Crypto’s analysis suggests that VeChain could easily experience a 50X to 100X climb from its bottom, presenting an enticing opportunity for investors and traders.

VeChain

The future trajectory of VET’s uptrend remains uncertain, as it faces the possibility of a correction. The potential risk lies in gainers selling off their tokens, which could jeopardize the bullish momentum of the token. 

However, the analyses provided by both Egrag and Rekt indicate that VET is well-positioned to reach and even surpass its previous all-time high.

Featured image from Shutterstock, chart from TradingView.com

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VeChain (VET) Set To Explode: Analyst Predicts 7,500% Rally To $2.3

Popular crypto analyst EGRAG just predicted a massive 7,500% rally that will send VET soaring to $2.3. VeChain (VET) is currently trading at $0.02945, but according to this analyst, the crypto is set for a price growth that would send it on a price growth into three sequential price targets.  

EGRAG Predicts VET To Hit $2.3

VET’s price has had its ups and downs this year, reflecting the general market volatility of crypto assets this year. The crypto went on a price spike very early in the year, going on a 101% growth in the first two months from its 2023 open of $0.01579 to reach $0.03186 in February. The crypto would then go on a price decline over the next few months to a 2023 low of $0.01477.

However, things started to change in October as the entire crypto industry changed into a bullish sentiment. VET is now up 80% from its October bottom, and according to EGRAG, the growth is set to continue in the coming months.

In a recent post on social media platform X, EGRAG wrote “VET will unlock ur financial chains,” along with three bullish targets for the coming year. A look through the price chart shared shows sequential targets of $0.11642, $1.05737, and $2.3. These targets represent a respective 295%, 3490%, and 7,500% rise from the current price.

As indicated on the price chart shared by EGRAG, VET has primarily traded in a downward range, creating lower highs and lower lows since its all-time high in 2021. The crypto broke out of this range in October and has formed five bullish candles on the three-week timeframe. 

Using the Fibonacci indicator and the 2023 bottom as a starting point, the analyst drew a mirror of VET’s ascent from the 2020 bottom to its all-time high in 2021. Based on this, EGRAG noted VET is poised to potentially rally over the next few months into 2024. If history repeats itself, we could potentially see VET break past its current all-time high of $0.28 before the second price target.

What’s Next For VeChain (VET)?

VET is VeChain’s native token, a blockchain network looking to streamline supply chain management with distributed ledger technology. Several crypto experts have weighed in with predictions on how high VET’s price can go in the next bull market.

According to Ali Martinez, VET is set for a 150% price gain in the next six weeks. The analyst noted that VET is currently mirroring the 2018-2020 consolidation phase. If history repeats itself, VET could break through the $0.033 resistance barrier within the next two weeks and ultimately reach $0.077 in January.

Featured image from iStock

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VeChain Jumps By 4% As VET Investors Look To Profit Before Christmas

VeChain has seen a price pump of 4% or currently trading at $0.0161 in the last 24 hours, triggered by the increase in VET demand, data from Coingecko shows.

With this scenario, if the buying pressure persists, VET could sprint towards its resistance level and supply zone at the 100% Fibonacci level found at $0.01967. 

  • VeChain investors could profit at $0.01778
  • A breach slicing below the $0.0156 mark can further invalidate the bullish streak of VET
  • VET showing price recovery at $0.01583 

VeChain has recently launched its upgrade PoA 2.0 and its Relative Strength Index (RSI) has shown an intense uptick after its breakaway from the oversold zone. This goes to show how the buying pressure has magnified over time.

VeChain: On Fraud And High Gas Fees

According to Analytics Insight, “VeChain (VET) was first conceived of by Sunny Lu, the former CTO of Louis Vuitton, someone who knows first-hand about the problems involved in tracking and proving genuine vs counterfeit goods.”

As such, VeChain is known to be a first-of-its-kind layer 1 blockchain that aims to bring to the table innovative solutions to ultimately solve real-world problems such as the high transaction fees and counterfeiting which is deemed to be extremely beneficial for enabling friction-less transaction and also for the hassle-free minting of NFTs.

VET’s On-Balance Volume (OBV) has also recorded an uptick which demonstrates the spike in trading volume and buying pressure.

In the event that this trend lingers on, VeChain could eventually reach its profit target at $0.01968. Investors are optimistic to take in profits just before Christmas.

Risk-Averse Investors To Rake In Profit?

But, this won’t be a walk in the park for VeChain considering that the bulls will have to barrel past resistance barriers along the way. In this case, risk-averse investors will resort to lock in their profit at the $0.01776 resistance zone.

This means a breach below $0.01564 would invalidate any bullish streak and could toss VeChain back into the new support zone found at $0.01470.

VET has also seemed to have noted a remarkable rise in development activity since middle of this month. This goes to show that developers have their full trust on VeChain’s future innovations.

Although the price of VET has fluctuated in response to changes in development activity in the past, the most recent increase does not represent this trend because the price fell as development activity grew.