Vechain hasnt gained that much yet compared to other altcoins. This is because VET has been around for a while and there isnt that much hype around it. However this is all about to change, VET has one of the best fundamentals and will be one of the biggest players in the Chinese block chain empire. And yes; China is the empire for block chain, not Europe or USA; China will be the first to launch their CBDC and create mass consumer adoption for blokchain. If you dont know what im talking about; do your research and find out what and why.
VET has many many partnerships in China with corporations and the government, this means that they will be one of the (if not the) first block chain with MASS consumer adoption. Dont think because you hold some coins you are adopted on the block chain, youre just in it for the win; which is fine but block chain will be mass adopted for multiple use cases. When this happens in the next years; VET, LINK, DOT, ETH, KSM, UNI, MUSE and many more will be the winners and shitcoins will disappear. VET will be the first to get that adoption. Long story short, VET is mega bullish on TA and fundamentals, check the chart for short term targets and yes I believe this the start of the parabola! We are in full price discovery so we can snap parabolic anytime, make sure to ride the wave!
This is not financial advice, you invest with your own research and based on your own opinion and at your own risk.
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BTC and BTC dominance seem to start a downtrend to fill the futures gaps (check my BTC chart on my profile) and thus this would be a good time for alts outside the top 10 like VET; possible long opportunity if VET keeps following the blue trend lines - keep an eye out, nothing is confirmed yet, but seems like a higher low!
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UPDATE: target hit, new ATH! We are just getting started for VET.
I just read this in an article I received and thought I'd share it with you.
Investing in VeChain should be an investment based on fundamentals rather than technicals, because VET is mostly moving on strong fundamentals rather than technical formations.
With that being said, VeChain supporters claim that it is still early in the investment period and that an investment into VET can be extremely lucrative. If we factor in all the billion-dollar companies that built their projects on VeChain’s blockchain, this may be true. Analysts also agree that VET will certainly reach the $0.1 mark, and very soon. However, VET will need quite a strong bull push in order for that to happen in March. A
@bthom3, moon! i cant say a number because nobody knows, what i do know is what i told you; we will see a parabola. Might wanna google how they look like. ;)
Investing in VeChain should be an investment based on fundamentals rather than technicals, because VET is mostly moving on strong fundamentals rather than technical formations.
With that being said, VeChain supporters claim that it is still early in the investment period and that an investment into VET can be extremely lucrative. If we factor in all the billion-dollar companies that built their projects on VeChain’s blockchain, this may be true. Analysts also agree that VET will certainly reach the $0.1 mark, and very soon. However, VET will need quite a strong bull push in order for that to happen in March. A