VeChain Ready to Return $0.1

VeChain is expected to continue its climb to $1 as a well-known analyst is eyeing a possible imitation of the previous cycle.
The upcoming VeChain renaissance and the official inauguration of Donald Trump could be the catalysts for this race.

VeChain (VET) is trying to regain its monthly high of $0.073 as it prints 1.78% jump on its daily price chart to $0.048.

According to EGRAG CRYPTO analyst, VET could replicate the 2020 cycle and make an explosive jump to $1. In the previous cycle, assets grew by 6.538% to add $0.19888 to its price. Reviewing this thesis, we noticed that EGRAG CRYPTO took into account the historical high and low of 2023 in its analysis.

Our research shows that the analyst always had bullish predictions. In September, EGRAG CRYPTO pointed out that the asset is on the verge of entering a new impulsive wave based on Elliot Wave Theory analysis. Interestingly, analyst Alan Santana confirmed this analysis in his earlier post.

According to Santana, the previous cycle developed a series of three waves, each of which seemed stronger than the last. According to his observation, the total cycle lasted 595 days, and the asset recorded a 1.291% increase from the bottom to the top.

Santana also found that the chart presented several opportunities to sell at the top and buy at the bottom. Most importantly, our research shows that VeChain is repositioning itself through a series of upgrades to embark on a massive surge in 2025. One of them is a holistic upgrade called VeChain Renaissance.

VeChain Renaissance

As we reported on December 13, VeChain’s decision to reinvent its tokenomics is to stay ahead of evolving regulation, enable long-term growth and scaling of the ecosystem, make the community the center of the ecosystem, and balance stakeholder needs.

Tokenomics change would also be done through “Optimized VTHO issuance, new VTHO distribution model, new capabilities in PoA 3.0 and dynamic fee mechanism.”

The dynamic compensation mechanism would be used to address key security and network challenges by:

Adjustable Fees: This would adjust transaction costs based on demand.
Congestion Management: This would regulate charges to maintain optimal performance.

Above all, community is said to be central to VeChain’s vision.

As always, our amazing community remains at the heart of our vision and we build towards our macro goals. Through the ups and downs, we’re grateful to have built such an engaged, passionate and dedicated following, and this transition is in part a tribute to you. Our core protocol team.

Outside of these technical developments, the price of VET is expected to benefit from the overall growth of the crypto market fueled by the pro-crypto decisions of the new US administration. Trump’s election victory caused a massive market reaction, pushing Bitcoin (BTC) above $100k and VET to a new annual high. According to Kristin Smith, CEO of the Blockchain Association, the outcome of the election is a big win for crypto.