This analysis is another example of why I use ETH ratios. Look at the VET/ETH pairing. Something I've observed time and time again in this market is how often traders use the ETH pairings. Just look at my recent BAT analysis (linked at bottom), and how I was able to predict that major breakout.
Based on the VETETH chart, I think we can expect a major VETBTC breakout as well if that 0.000045-46 area is breached. You can see a pretty large potential forming there. I may enter a trade if that happens, or simply add to my VET with some Ethereum . Perhaps I will even enter sooner. We will see.
I think based on fundamentals and analyzing price action across pairings for VET, it could make a seriously explosive move. The circulating supply of VeChain is close to that of XRP. That means that even if VET can be worth half of XRP's market value (I think this is certainly possible, based on their caliber), it could be worth as much as 15 cents in the not so distant future. This would mean that it could make an enormous jump, all the way towards the 2000 sat level, which would be nearly a 20X increase against Bitcoin . We've seen this happen in crypto before (think TRX , and even XLM in 2017). I fully admit, this is a bit of a "moonboy" fantasy.
Keep in mind, this is a scenario, and it does not have to play out (this is certainly not financial advice). This is purely my opinion and speculation at the present time. VET can also have a major breakdown if investors lose confidence in holding the token. This could happen if the 100 satoshi psychological support is lost. Perhaps a quick stop hunt is possible as well, but it's a little more difficult with such a large token supply.