VeChain On The Edge: Insider Says VET Will Reach The Finish Line
09 Aprile 2024 - 2:00PM
NEWSBTC
A self-acclaimed VeChain (VET) insider has made a bold claim about
the token’s price. The insider suggested that VET’s tepid price
action is a strategic ploy by the team, and the token will
eventually make a parabolic rise when the time comes. VeChain
Will “Reach The Finish Line” The self-claimed insider known as
‘VeChain Whale’ admitted in an X (formerly Twitter) post that VET’s
price is slow but added that the token will “reach the finish
line.” He made this statement while comparing VET to a “snail” in
terms of price action. Related Reading: Crypto Expert Reveals
What To Expect For Bitcoin, Dogecoin, And XRP In 12-16 Months
VeChain Whale further revealed that the team could “pump the token”
if they wanted but haven’t because of fear of “regulation and other
factors.” The claim about regulation looks to be related to the
Securities and Exchange Commission (SEC) and the fear that the
network could face regulatory scrutiny from the
Commission. The VeChain “insider” also claimed
that the team wasn’t worried about VET’s price because they were
aware that “90% of tokens will vanish” after the bull run, but
VeChain would still be around. That is why they are choosing to
play the “snail game,” unlike the other tokens that “do whatever to
gain attractions and move up in the ranking at all cost.” VeChain
Whale added. As expected, VeChain Whale’s post attracted
criticism from crypto community members who questioned when he
became a VeChain insider. In response, VeChain Whale stated that he
needed to prove the doubters wrong and suggested that a major
announcement was coming in June, which would make those doubting
him now offer an apology when the time came. VET’s Price Set
To “Explode” In a subsequent X post, he mentioned that the team
would make many announcements in the next two months, which would
cause VET’s price to “explode.” He further assured VET holders that
they can expect to see a 10x increase in the token’s price by
June. Related Reading: Skybridge CEO Says Bitcoin Can Reach
Half Of Gold Market, How Much Will BTC Be? Meanwhile, crypto
analyst Egrag Crypto previously provided some insights into how
high VET’s price could rise when the time comes, mentioning that
the crypto token could see a 140x increase in its price. However,
Egrag failed to say when precisely this parabolic price surge will
happen. Crypto analyst and YouTuber Crypto ZX also once
predicted that VET was primed to enjoy significant price increases
and further stated that the crypto token could hit new all-time
highs (ATHs) if it succeeded in breaking certain resistance
levels. At the time of writing, VET is trading at around
$0.0455, up over 7% in the last 24 hours according to data from
CoinMarketCap. VET Price at $0.04 | Source: VETUSDT on
Tradingview.com Featured image from Investing.com, chart from
Tradingview.com
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