Analyst Says VET Looks Solid

VeChain (VET) has been actively involved in various development initiatives and projects, including the recent introduction of “The HiVe” event, which has garnered attention from the Web3 community.

Throughout 2023, the VeChain team has been consistently providing updates on their ongoing developments and has multiple projects in progress. VET has been trending now as the team teases a major announcement. 

VeChain’s VET is trading at $0.03512 at press time, according to CoinMarketCap, with a 2.6% drop in value over the last 24 hours. VET is down by 16.3% in the last 30 days. Considering various criteria, here is our price prediction for VeChain for mid-May.

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VeChain is cooking something

Crypto analyst CryptoBusy recently tweeted that VeChain is cooking something. He mentioned that VET market structure looks really solid.

The analyst also highlighted that the price has been historically bouncing on the multi-month trendline support. He also mentioned that the team is building something huge on the RWA industry.

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VET Price Prediction for mid-May

Cryptocurrency experts at Changelly have given their price prediction for VeChain for mid-May. For this timeframe, experts anticipate VET’s minimum price to be $0.0407. Additionally, the experts state that the maximum price expected is $0.0442. Experts anticipate that VET will trade at an average price of $0.0426.

VET is 87.4% down from its all-time high of $0.2782 and has a long way to go before breaching its previous all-time high. However, the price can vary depending on various factors, including market sentiment and the project’s development. Nevertheless, alongside the positive market conditions, VET is up and trading in the green.

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VeChain has shown a downward trajectory in the last 24 hours, alongside the whole cryptocurrency market.