VeChain (VET) made significant gains in December 2024, surging almost 90% in the first few days of the month. This rise has drawn the attention of crypto analysts who are optimistic about its future growth potential.
The recent surge adds to the asset's impressive rally, following VET's breakout from a descending channel, which sparked a renewed bullish momentum. This event has been a turning point for VET, which has seen a cumulative increase of nearly 330% since the start of November.
Analysts are particularly bullish on VET’s medium-term prospects, predicting that the price could reach $0.63 within the next 100 days. This optimism is based on a combination of technical indicators and growing interest in supply chain management-focused cryptocurrencies.
