VeChain is one of the best-performing cryptocurrencies this month, with a nearly 75% increase in the past 30 days. VET has delivered significant profits for investors who participated in this altcoin at the beginning of the year.
The supply chain-based cryptocurrency is currently trading at $0.04 and is attracting bullish sentiment on the chart. The leading altcoin continues to maintain its green trend for 5 consecutive days, despite Bitcoin and the overall cryptocurrency market cooling down.
Now that VET has surged 75% in 30 days, will the cryptocurrency bring similar profits in March? In this article, we will emphasize whether VeChain is a good investment this month and can bring good returns for investors or not.
VeChain: Should You Buy VET Cryptocurrency in March 2024?
Leading price and market data platform CoinCodex still holds a bearish outlook for VeChain for the remainder of March 2024. According to price predictions, VET may experience a downward trajectory leading to losses for investors. While the losses may not be severe, they could be in the single-digit range.
The price forecast for VeChain expects a potential loss of 2 to 8% in the coming weeks. Although VET may maintain stability at $0.04, the decimal point can change rapidly this month.
VeChain could reach at least $0.044829 by mid-March, according to price predictions. Therefore, it is advisable to invest in other cryptocurrencies at this time as the ongoing price surge is bringing double-digit profits for altcoins. You should thoroughly research before taking a position in VET as all indicators point to a price decline.
At the time of writing, VeChain is trading at $0.04 and has seen a nearly 1.5% increase in the 24-hour trading volume. However, VET has dropped nearly 84% from its all-time high of $0.28 achieved in April 2021.
