VeChain: Can VET Reclaim Its All-Time High If Bitcoin Hits 80,000?
The cryptocurrency market is picking up, with Bitcoin (BTC) reclaiming the $72,000 mark. While other mainstream assets follow BTC’s trajectory, VeChain (VET) seems to struggle to gain momentum. Source: CoinGecko VET’s price is down 0.8% in the daily charts, 2% in the weekly charts, 3.1% in the 14-day charts, and 12.4% over the previous month. Despite the dip, however, it has been up 17.1% since late October 2024. Also Read: Shiba Inu: By When Can You Turn $1000 Of SHIB To $500,000? Why Is VeChain Struggling While Bitcoin Is Rallying? VET investors may be looking at other opportunities to make profits. Based on the upcoming US Presidential election, BTC’s latest rally is likely fuelled by market participants taking positions. Many predict a market-wide rally if Donald Trump wins the election, with BTC taking center stage. Market participants and investors may be weary about VET’s future performance and uncertain about how the asset will perform over the next few m...