While China-based altcoins have a special place among investors, they seem to have experienced good rises with the agreements and partnerships they made.
They are strengthening their positions by being listed on leading cryptocurrency exchanges such as Binance and Coinbase.
At this point, one of these altcoins is VeChain (VET), which was listed by Coinbase in September.
VET, which rose as high as $0.28 in the 2021 bull, is trading nearly 90% below its ATH.
At this point, popular analyst Ali Martinez, evaluating VET, stated that this week will be important for VET.
At this point, the analyst stated that he expects history to repeat itself in VET and said that his target is $ 0.70 by November.
However, the analyst who expects a correction for VET in June said:
“Looks like it’s going to be a big week for VeChain!
If history repeats itself, VET could see a move towards $0.054 this week, a brief correction by June, and then a bull run towards $0.70 by November!”
This target means an increase of nearly 2000% for VET.
VET continues to trade at $0.0344 at the time of writing.
It feels like it will be a big week for #VeChain! If history repeats itself, $VET could be looking at a move to $0.054 this week, a brief correction until June, and then a bull run to $0.70 by November! pic.twitter.com/wTdPW34NNH
— Ali (@ali_charts) February 14, 2024
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Source: https://en.bitcoinsistemi.com/record-prediction-for-this-china-based-altcoin-from-an-experienced-analyst/