VeChain On The Edge: Insider Says VET Will Reach The Finish Line

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An individual who identifies as an expert on VeChain (VET) has made a daring prediction about the token’s future value. According to this person, the current lackluster price movement is intentional on the part of the team and that VET will experience a significant price surge when the right moment arrives.

VeChain Will “Reach The Finish Line”

A person who goes by the name ‘VeChain Whale’ and has declared themselves an insider, posted on X (previously known as Twitter), that the price progression of VET has been sluggish but expressed confidence that it will eventually reach its goal. In this post, they drew a parallel between VET‘s current price behavior and the pace of a snail.

VeChain’s major investors, referred to as “Whales,” disclosed that the team has the ability to boost the token value artificially if they choose to do so. However, they have abstained from doing so due to concerns over potential regulatory action from bodies like the Securities and Exchange Commission (SEC), and other related factors. The implication here is that the SEC’s involvement could lead to regulatory scrutiny for the VeChain network.

The anonymous VeChain source asserted that team members weren’t fretting over VET‘s price drops because they believed that 90% of other tokens would disappear during the bull market, leaving VeChain as a surviving player. Instead of rushing to attract attention and climb the rankings like other tokens, VeChain’s team is adopting a more patient approach, which the whale referred to as the “snail game.”

It wasn’t surprising that VeChain Whale’s post sparked skepticism from crypto community members, who wondered when he gained insider status at VeChain. In response, VeChain Whale aimed to disprove these doubts and hinted at a significant announcement due in June. This revelation, he believed, would eventually lead to apologies from those who were currently doubting him.

VET’s Price Set To “Explode”

In an upcoming X post, he stated that the team would unveil numerous announcements within the next two months, leading to significant price surges for VET. He reassured VET investors, predicting a tenfold price rise by June.

Crypto expert Egrag Crypto has shared his perspective on potential gains for VET in the future, suggesting a possible 140-fold price increase for the token. Yet, Egrag did not specify an exact timeline for when this significant price hike might occur.

Crypto expert and content creator Crypto ZX forecasted that VeChain (VET) was on the verge of substantial price growth. He added that if VET managed to surpass specific resistance thresholds, new record-breaking prices (ATHs) could be achieved for the crypto token.

Currently, VET is priced at approximately $0.0455 across exchanges, representing a 7% increase in value over the past 24 hours based on information from CoinMarketCap.

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2024-04-09 15:04