VeChain (VET) has hit a two-year high of $0.7261. The asset last traded above the $0.07 mark in April 2022. VET outperforms major crypto assets such as Bitcoin (BTC) and Solana (SOL). The project’s market cap has also risen to nearly $5.9 billion. With this momentum, analysts are bullish on the altcoin’s upcoming performance next year, projecting further highs.
VeChain’s innovative project and strong community backing could catalyze its price in the coming months. Despite altcoins’ price declines due to Bitcoin’s dominance, the crypto market is beginning to look promising. Additionally, the fabled “Altcoin season” may hit early in 2025, led by strong performances from VET. Therefore, some bulls are projecting a new all-time high for the asset.
It is important to note that VeChain’s native crypto token is down 75% from its $0.2782 high in 2021. To even breach the $0.1 mark, VET has to surge 39% from current levels. However, the asset is already up double that in the past week. Therefore, if the altcoin rally continues in December, it is likely we will see VET up beyond $1 by January. This opens the door to endless possibilities for 2025.
With many altcoins looking to create new all-time highs and setting high standards for others, VeChain could be set to match such rallies in 2025. If the price of VeChain holds above its current resistance of $0.06-0.05, VeChain’s price prediction for 2025 could rise even more.
According to CoinCodex, VeChain’s (VET) price may consolidate around current levels over the next few weeks. The platform anticipates the asset to rally from early January, hitting the $0.10 mark on Feb. 6, 2025. CoinCodex predicts VET to hit a high of $0.12 on Feb. 20, 2025. Hitting $0.12 from current price levels will entail a rally of about 66.67%. While this is still far from an all-time high in 2025, its certainly knocking on the door.
