Issue 55 – What Cardano’s Rally Means for VET

August 13, 2021

Happy Friday!

Cryptos saw a nice surge today following some weakness on Thursday. But is it sustainable?

In today’s issue, we’ll discuss the relationship between Cardano and VeChain, and what the recent ADA rally could mean for VET. I’ll also share what BTC needs to do to confirm the next leg higher.

Let’s start!

The VeChain / Cardano Relationship

If you’ve followed me for a while, you probably recall the VET and ADA comparisons I made back in February and March.

VETUSDT was trading at $0.06 when I made that tweet. It turns out I was actually too conservative as VET topped out at $0.28 a month later.

I posted a similar chart when ADA was lagging VET earlier this year. Sure enough, ADA outperformed to catch up.

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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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