Ethereum

VeChain

Coin

<ul class="news-points">
 <li>Bitcoin’s recent ATH at $75,830 and Ethereum’s ETF launch may boost VeChain.</li>
 <li>VeChain’s technical analysis suggests a potential rise to 77 cents, a 30x growth.</li>
 <li>VeChain’s realistic market cap projection is $62 billion, driven by sustainability and sports sectors.</li>
</ul>
A recent analysis suggests that the performance of Bitcoin (BTC) and Ethereum (ETH), particularly following anticipated ETF launches, could have a ripple effect on altcoins like VeChain (VET), potentially driving them to new all-time highs.
Crypto analyst Nick Regan has <a href="https://www.youtube.com/watch?v=FfDucCelgo0" target="_blank" rel="noopener noreferrer nofollow">outlined this possibility</a>, citing VeChain’s current market position and technical indicators as key factors.
Following the launch of Exchange-Traded Funds (ETFs), Bitcoin reached a remarkable pre-halving ATH of $75,830 in March. As of press time, it trades at $60,700 with a market cap of $1.1 trillion, per <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">data</a>.
Ethereum is expected to follow a similar trend once its anticipated ETF begins trading this month. As such, experts expect Ethereum to hit $15,000, potentially reaching a market cap of $1.8 trillion, a 4.4x increase from its current position.
The host explained that despite Bitcoin’ and Ethereum’ diminishing gains o…
The post <a href="https://coinedition.com/analyst-vechain-could-be-the-next-big-altcoin-winner-thanks-to-bitcoin-and-ethereum-etfs/" rel="noopener noreferrer nofollow">Analyst: VeChain Could Be the Next Big Altcoin Winner, Thanks to Bitcoin and Ethereum ETFs</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Analyst: VeChain Could Be the Next Big Altcoin Winner, Thanks to Bitcoin and Ethereum ETFs

Coin Edition

Alte articole publicate pe 4 iul. 2024

‘Buy the dip’ mentions on social platforms surge as Bitcoin stumbles

Bitcoin Whales Transfer $3B BTC; Further Decline Ahead?

MetaMask Partners with Meld to Expand Global Crypto Accessibility

Will Crypto Market Rebound in July?

Grayscale Solana Trust Trading At A Mega 650% Premium: What’s Going On?

UK Labor Party Wins In Exit Poll, Is Labor Good For Bitcoin?

Join our free newsletter for daily crypto updates!