VeChain Price Prediction: Can VET See a 40% Growth Rate by Next Quarter?

Updated: 19 September 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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VeChain (VET) has experienced a bullish trajectory over the past few weeks.

This has drawn the attention of numerous investors eager to seize this opportunity. Should we expect to see a 40% growth in the next quarter?

According to GeckoTerminal.com, as of 5:30 a.m. EST, VET is trading at $0.017, reflecting a 4% gain in the last 24 hours. The daily trading volume has surged by 25% to reach $42 million.

This follows indications that VET might have reached the bottom and is set for price gains going forward.

VET Price May See Surge in the Short-Term

VET/USD Chart Analysis. Source: Geckoterminal.com

VET has gradually experienced a bearish trend, with a struggle between bulls and bears evident. The price is currently trading below the bearish trendline, posing a challenge for the bulls to break through.

However, the bulls have regrouped and gained strength to drive the price upward after the bears reached a low point at $0.014.

They have maintained this level for about a month, since August 13. The support level has shown resilience, enabling the bulls to push the price higher and breach the upper trendline.

There is a potential for a pullback due to the formation of a descending triangle pattern, typically indicating the continuation of a bearish trend.

The bears may seize the opportunity to drive the price down if the triangle’s upper boundary remains strong.

Furthermore, the price of VET has crossed both the 50-day and 21-day moving averages, confirming a bullish outlook.

The 21-day Simple Moving Average (SMA) is on the verge of crossing above the 50-day SMA, further confirming the bullish sentiment. The 50-day SMA serves as immediate support for VET.

Moreover, the Relative Strength Index (RSI) also supports the bullish sentiment, currently trading at 61, indicating strong buying pressure heading towards the overbought region of 70.

According to this analysis, VET’s price presents two scenarios. It could surge above the upper bearish trendline, reaching the resistance level at $0.02, resulting in a 22% gain.

However, the presence of the descending triangle also suggests the possibility of a bearish trend continuation, with the price expected to reach the support levels at $0.015 and $0.014, representing a 17.8% drop.

Meanwhile, the BTCBSC token gains momentum as its presale nears its 3.96 million target soft cap, providing a chance for substantial returns that can bolster your portfolio.

BTCBSC Inching Towards $3.96 Million Soft Cap

BTCBSC has crossed the $3 million mark in funds raised, nearing its $3.96 million soft cap since its launch in September 2023, drawing significant attention for integrating Bitcoin with the Binance Smart Chain (BSC).

https://twitter.com/Bitcoinbsctoken/status/1704044911664746976?s=20

A similar project, BTC20, started a month ago with a presale price of $1 and witnessed substantial price increases post-launch, indicating the growth potential of BTCBSC.

Early investors in BTC20 enjoyed up to a 326% return on their investment, underscoring the potential for substantial gains in the cryptocurrency space, which BTCBSC aims to replicate on the Binance Smart Chain by introducing a staking smart contract that rewards holders with BTCBSC tokens based on a designated block schedule.

As of the time of writing, approximately 1,571,423 BTCBSC tokens have been staked, offering an impressive annual percentage yield (APY) of 167%. However, the high APY may raise concerns, especially compared to lower interest rates in traditional economies.

Bitcoin BSC provides a real-time staking dashboard for monitoring token holders to ensure transparency.

Additionally, the project has undergone comprehensive smart contract audits and guarantees locked liquidity upon listing on the Uniswap DEX.

Staking represents a potentially profitable way to earn passive income in the crypto ecosystem.

Furthermore, BTCBSC has gained recognition in the crypto space by being featured on platforms like Cointelegraph and Crypto News, which enhances its credibility and growth potential.

https://twitter.com/Bitcoinbsctoken/status/1703680316831875567?s=20

With expectations that over 80% of the total supply will be locked up by the end of the presale, BTCBSC’s token could experience a significant surge, possibly reaching a 10x increase due to a scarcity of available tokens, encouraging investors to secure their share swiftly.

Final Call, Presale Selling Out Fast

The presale for BTCBSC is selling out rapidly and has already raised $3,142,453 in funds, equivalent to the circulating supply of Bitcoin during its early days.

Prominent crypto YouTuber Jacob Crypto Bury has assessed BTCBSC as a potential 10x investment, suggesting the possibility of substantial returns for investors holding significant positions in BTCBSC.

After the presale concludes, an additional 420,000 tokens (2%) will be set aside for a future release on decentralized exchanges.

You can acquire BTCBSC tokens at just $0.99 per token, with 6.125 million tokens available. To participate in the presale, you can connect your wallet to the BTCBSC website and use BNB, ETH, or USDT to buy tokens.