VeChain (VET) set up a new record price on February 13th, when the crypto reached a record high at the value of 0.059$. VeChain also recorded over 70% of gains in the last 30 days and over 700% of returns for the year with the latest bull run. With China’s supply chain integration and IBM partnership, VET is gaining value, so investors are wondering if VeChain could reach the price of 1$ for the first time in the next 3 years. Can VeChain reach 1$ in the next 3 years and what is the forecast for VET in 2022, 2o23, and 2024?
Can VeChain Reach 1$ in the Next 3 Years?
VeChain seems to have entered a bullish pace of growth in February with a good chance to double its yearly gains in March in case the trend continues. VET is currently in decline on the daily and biweekly chart but is still showing 22% on the weekly chart. The crypto is currently trading at the value of 0.048$ below its all-time high as recorded in February. Thanks to the partnership with IBM and the integration with China’s supply chain, VeChain is gaining value and significance, which means that VET could soon take a full swing towards reaching 0.50$ as the first price target in the next 3 years.
Price Forecast for VeChain (VET) for 2022, 2023, and 2024
In case dips for VET keep the same intensity as gains in the current situation, VeChain is less likely to go above 0.079$ in 2022. However, this price could set up appropriate conditions for VET to reach 0.1$ in 2023. This case scenario could fuel another bull run to 0.50$, bringing VeChain closer to the 1$ price target. In case VET sets up a new support level at 0.50$ in 2024, the price target of 1$ becomes more than achievable.
Image credits: Cover photo taken from Reddit
