Cryptocurrency

VeChain

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 <p>Cryptocurrency trader and strategist Ali Martinez is expressing bullish sentiment for an altcoin currently ranked 33rd-largest by market cap.</p>
 <p>Martinez tells his 45,100 followers on the social media platform X that the native token of the enterprise blockchain VeChain (VET) could witness a quadruple-digit increase in its price before the end of the year if it follows the same price trajectory as four years ago.</p>
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 <p>Based on the analyst’s chart, VeChain’s bull run in 2020 that resulted in a gain of over 3,000% was preceded by the crypto asset trading in a range of 595 days. Currently, it appears that VeChain has broken above the resistance level of a range that has existed for around 644 days.</p>
 <p><i>“It feels like it will be a big week for VeChain! If history repeats itself, VET could be looking at a move to $0.054 this week, a brief correction until June, and then a bull run to $0.70 by November!”</i></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GGSulmnW4AARG_x?format=jpg&amp;name=small" alt="" width="1063" height="499">
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   Source: Ali Martinez/X
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 <p>VeChain is trading at $0.0462 at time of writing. VET would need to appreciate by 1,415% to reach Martinez’s target.</p>
 <p>Turning to Bitcoin (BTC), Martinez says that the flagship crypto asset has entered a phase that signals the potential for further gains.</p>
 <p><i>“Currently, it seems the market has just emerged from a period of anxiety and has re-entered a new phase of belief. This transition suggests that we might see additional upward momentum for Bitcoin before reaching the peak of euphoria that characterizes the end of the bullish cycle.”</i></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GGMrZDYW8AA7ndr?format=jpg&amp;name=small" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Ali Martinez/X
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 <p>Bitcoin is trading at $52,314 at time of writing, up by 17% over the past seven days.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/this-top-50-altcoin-could-explode-by-over-1-400-if-history-repeats-according-to-analyst-but-there-s-a-catch-tbt79992.html">https://thebittimes.com/this-top-50-altcoin-could-explode-by-over-1-400-if-history-repeats-according-to-analyst-but-there-s-a-catch-tbt79992.html</a></p>

This Top-50 Altcoin Could Explode by Over 1,400% if History Repeats, According to Analyst – But There’s a Catch

TheBitTimes

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