- Analyst forecasts VeChain could soar 33x to $0.73, with a more conservative estimate of 12-18x growth.
- The analyst identifies a two-phase pattern: large investors enter first, followed by a broader rally.
- Currently, VeChain is in an accumulation phase, with ideal buy points below $0.02400, possibly dipping to $0.00900.
A famous crypto analyst, Alan Santana, shared his optimistic outlook on VeChain and forecasted that by 2025, VET would see a major surge at the beginning of the bull market. As per the detailed analysis done by Santana, VeChain is standing on the verge of a massive price increase and hence presents a promising opportunity for investors ready to take a long-term approach.
VeChain Could Soar 33x to $0.73 by 2025
According to Santana, this 2023/24 recent bullish wave is just the trailer herding a more significant rally expected in 2025. He draws parallels between current market conditions and those seen before the explosive bull run in 2021.
Santana outlines a two-phase pattern: first, when large investors, often referred to as “whales,” enter the market, and then the broad rally ensues with both institutional and retail investors.
Santana’s projections for VeChain were nothing shy of ambitious. He believes the cryptocurrency can reach as high as new all-time highs that could skyrocket it to $0.73, which means it would represent a 33x increase from its current levels. In more conservative scenarios, he expected growth of 12-18x, thus showing an upside potential.
VeChain (VET) Accumulation Phase
Santana explains that the market is currently undergoing an accumulation phase, similar to what was witnessed before the 2021 bull run. He advises investors to consider accumulating VeChain if it trades below $0.02400, with possible dips as low as $0.00900.
This accumulation period, which Santana estimates could last between three to six months, provides a strategic entry point for investors who want to position themselves ahead of the bull market that is expected.
The simplest version of the idea, as Santana says, is buy and hold for those looking to take advantage of this possible opportunity. He steps out of the trap of overtrading or getting caught up in short-term market movements.
Related | El Salvador’s Bitcoin Dream Takes Off: $1.6B Investment
