Trader Justin Bennett has discovered a token that is potentially in the beginning of a new phase of growth, and may rise in price more than 20 times by March next year.
Trader Justin Bennett is confident that the VeChain token has the potential to rise to $ 3 (up 2400% from current levels) next winter.
Bennett claims that the rapid rise in altcoin will occur if bitcoin continues to rise in price and renews its historical maximum above $ 65 thousand.
If this happens in December of this year, then the price of VeChain will rise to $ 1.6 (an increase of 1233% from current levels). trader.
#Bitcoin above $65,000 = $1.60 $VET by December, IMO.
If December peaks short of that and the cycle runs until March 2022, #VET is likely in the $2 – $3 range.#VeChain #VeFam pic.twitter.com/5XL1hvLAEk
— Justin Bennett (@JustinBennettFX) October 13, 2021
The active phase of VeChain growth against the background of updating the maximum by bitcoin will last until March next year, the analyst said. In his opinion, during this period, the token can rise in price to $ 2-3.
On October 14, VeChain is trading at $ 0.12. Over the past day, the token has risen in price by 15%, and its capitalization has increased to $ 8 billion.
VeChain is a blockchain platform for working with smart contracts, which is focused mainly on business applications, namely, supply chains (tracking, quality control, inventory, etc.).