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Issue 25 – How Low Can VET Go?


Many of you started following me on Twitter for VeChain updates, so I thought I’d dedicate today’s issue to VET.

More specifically, I want to discuss how low VETUSD can go based on its relationship with Bitcoin.

As I’ve said many times recently, you must plan for every outcome, especially now. One of those scenarios should include a $20,000 Bitcoin. It may sound outrageous to some, but it’s not that far-fetched.

If BTC retests $20,000, where would that put VET? What about a $25,000 BTC?

Those are the questions I’m answering today, along with where I think VETUSD goes in the event we’re dealing with lengthening cycles.

Let’s start!

Bitcoin is (Still) King

There’s no denying that the crypto market hinges on Bitcoin.

BTC dominance has trended lower for years, but it’s still the king of crypto and, as such, deserves our attention.

One way to determine where VET and other alts could end up is to look at where they’ve been relative to BTCUSD.

Let’s start with the Bitcoin chart.

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Justin T Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight.

Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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