Cryptocurrency analyst known by the username “Raidenx” VeChain He made a post claiming that the price was ready to move towards the 1 dollar level. The analyst has more positive thoughts for VET, which is believed to have little potential as it is an old digital asset. owner.
$1 $VET possible? If you only knew what was coming you would be shaking with excitement.
NEWS CONTINUES BELOWMany influencers tell you not to look at an ‘old coin’ like Vechain since it has already been through a bull cycle.
This is its third cycle and I will tell you why it is special 🧵 (1/4) https://t.co/SBJ3SUCvpU— raidenx (@benj_strong) December 23, 2023
NEWS CONTINUES BELOW
Raidenx disagrees, arguing that the upcoming bull season is particularly special for VeChain. According to the analyst, VET is progressing differently than most altcoins that fade into obscurity after their initial rise.
Supporting his claim, the analyst emphasized VeChain’s impressive history and said, “VEINHe reminded me of the first days when he operated under the name “. Raidenx stated that VEN achieved a remarkable growth rate of 18,800% between 2017 and 2018.
While Raidenx shared a chart showing VEN rising from $0.05 to $9.45, no reliable source has yet been found to support this claim.
The analyst also recalled the period when VeChain moved from the Ethereum ERC-20 network to its own blockchain. This transition led to the rebranding of “VEN” as VET between 2017 and 2018.
VET grew 16,450% from a low of $0.001678 in 2020 to a peak of $0.2782 in 2021, CoinMarketCap data shows.