Michaël van de Poppe, a popular crypto trader and analyst, said that an institutionally focused altcoin may be approaching a price zone that would allow effective entry.
Van de Poppe, supply chain optimization platform to 556,100 Twitter followers VeChain (VET) He explained that he is “facing great opportunities.”
VeChain is a cryptocurrency and blockchain platform designed to provide enterprise solutions that help businesses optimize their supply chain.
On Monday, Van de Poppe stated that $0.075 will act as a “trigger” for VET. Since the video was posted, the 35th-ranked crypto asset by market cap has already surpassed this level and is currently trading at $0.078735. Despite the cryptocurrency gaining over 7 percent in the last 24 hours, it is still trading around 9.2 percent below where it was priced a week ago.
Van de Poppe is not the only trader who has been bullish on VeChain recently. Last week, crypto analyst Justin Bennett predicted that VET could skyrocket several times over its current price.
“As long as it’s above the $0.06 area, I’m still in an uptrend on VET over the next year and I think if we break above the $0.10 area, that is, the 0.103 cents area, we can see that move to $0.12 and potentially $0.15 and then much more. I think we can keep it right.”
Bennett also noted that potential boom areas could be as high as $0.38-0.40 if VeChain (VET) starts to break out this year.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.