Justin Bennett, a popular cryptocurrency analyst, said he thinks supply chain platform VeChain (VET) could skyrocket several times over its current price.
In a recent YouTube video, Bennett says that if VET breaks the $0.10 level, the price will continue to rise.
“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.”
The analyst also notes that potential breakout areas could be as high as $0.38-0.40 if VET starts to break out this year:
“If VET breaks out of this pattern this year, that’s the target. [seviyeler] it could be.”
Of course, it still has a long way to go to achieve this.
If the mentioned breakout occurs, we are probably looking at a target around $0.40 for VET.”
VeChain is a blockchain-powered supply chain optimization platform for enterprise solutions that provides a list of services to improve product lifecycle/procurement management and data certification using distributed ledger technology.
The platform’s native token, VET, is trading at $0.08, down more than 3% in the last 24 hours following the market correction.
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.