Apr 10, 2024 12:05
A self-acclaimed VeChain (VET) insider has made a bold claim about the tokens price. The insider suggested that VETs 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 VETs 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 havent 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 wasnt worried about VETs 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 Whales 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. VETs 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 VETs price to explode. He further assured VET holders that they can expect to see a 10x increase in the tokens 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 VETs 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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