VeChain (VET) is one of the most promising altcoins with bullish price projections that could present opportunities for investors to rake in up to $10 million on the coin.
While making massive profits from digital currencies is possible, investors need to adopt the right strategies. The hype is currently surrounding VeChain, considering the parabolic run of the coin over the past week.
Per the latest market data, VET is worth $0.04396, down by 7.9% in 24 hours. This price outlook marks a major correction after VET jumped as high as $0.05119 on the back of a 48.25% weekly run.
VET Accumulation Planning
If the price of VeChain hits $1, a user will need a total of 1,000,000 VET to make a $1 million profit. At the current market price of VET, this can be acquired for approximately $43,960.
Similarly, a $5 million profit target if the price of VET touches $1 will require 5,000,000 tokens. For a user who may want to plan for this growth, acquiring the 5 million VET for $219,800 might be a good place to start.
Hitting a $10 million portfolio milestone is a rare dream for many retail investors and VET might be the pathway to achieving this.
A total of 10 million VET is needed to record this feat when the coin hits the $1 price mark. Investors who can inject $439,600 into the coin today might be well primed to achieve this in the long run.
While the timeline for this $1 price projection remains uncertain, VeChain boasts of an impressive technology that might help it achieve this dream in the long term.
VeChain Price Forecasts
Judging by the unusual growth that VeChain has been recording since the start of the year, market analysts have issued a very ambitious price target on the coin. One such analyst, EGRAG, believes VET can rally by 4,737% to $2.3 from its current price range.
With VeChain’s All-Time High (ATH) pegged at $0.2782, the analyst’s lofty price target is one that is intriguing to the community. Moreover, new innovations coming to the ecosystem may position VET to hit some of these targets in the long term.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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