NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Is VeChain on the cusp of a parabolic rally? This analyst responds

Reynaldo Marquez
Reynaldo Marquez
4 years ago
2 mins read
VeChain VET

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

In a poll conducted via Real Vision’s Twitter handle, an overwhelming majority has voted that VeChain (VET) is the most undervalued cryptocurrency on the market. With 140,000 users participating and 65.8% of the votes in favor, VET prevailed over Hedera Hashgraph (HBAR) and Ravencoin (RVN).

An analyst called “VeChain Justin” added the poll results to his bullish case on this cryptocurrency. VeChain’s community is in the process of voting to modify or maintain transaction fees on the blockchain VeChainThor.

The analyst believes that the results of this vote will favor fee reduction, cost optimization for corporations operating on the blockchain and consequently, there will be an increase in VET adoption during 2021. VeChain Justin said:

I am extremely bullish on VeChain. More than ever before because of the vote to reduce base gas price. Understand or get left behind. Because the bulls are repeating on deaf ears. All paths point to mass adoption. We moon in 2021. 100%. Zero doubt.

VeChain Foundation has made an update on the voting process that will conclude in a few days. So far, more than 800 nodes have voted on the VeVote platform. With 525 votes and 73.39%, the majority favoring the reduction of fees to 1% of the current price, 1e13 wei.

Almost 800 nodes have casted their votes regarding the reduction in VeChainThor's Base Gas Price!

This VeVote is a very important process that will determine the future of VeChain for all stakeholders.

Let's build this future together & vote now! $VTHOhttps://t.co/hXEhuGyAGM pic.twitter.com/V8TMOCLMfs

— vechain (@vechainofficial) April 1, 2021

VeChain tracking Cardano’s (ADA) price?

VET is currently trading at $0.09 with gains of 3.9% on the weekly chart. In the last week, VET’s price has seen a 15% increase and an impressive 112% on the monthly chart. Over the year, the cryptocurrency is up over 2,800%.

VeChain VET
VET with moderate gains in the 24-hour chart. Source: VETUSDT Tradingview

Looking at VET’s price action, VeChain Justin stated that the intraday chart has created a bull flag formation. Therefore, the trader expects:

Price action on the cusp of breaking and going parabolic. Circled area of importance (…). Looking for a bounce on line or flag breakout to go parabolic. 2.618 Fib @ 24 cents. Bless us crypto gods.

VeChain VET
Source: VeChain Justin

Comparing VET’s chart to Cardano’s native token, ADA, the trader stated that they are “too similar to ignore.” A year ago, ADA’s price was trading below $0.10 and, since then, it has had a bull-run with 3,804% gains reaching $1.21, at the time of publication. The analyst stated:

The resemblance to ADA chart is too close to ignore. Imagine it follows through and we do go parabolic. Extrapolated measurements show a price target of $0.77 around first week of July! Can you imagine? #VeFam deserves it. Please make them all rich.

In its most recent report, VeChain Justin stated that the weekly time frames are approaching his target. The analyst is looking at a breakout for VET to reach $0,10 and then continue pushing into unknown territory. He added: “Moon is around the corner”.

Tweet123Share196ShareSend
Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum Whales Ramp Up Accumulation By 1.50 Million ETH — Incoming Price Boom?

In line with the crypto market, Ethereum prices briefly crashed below $2,500 on Friday due to escalating geopolitical tensions between...

Semilore Faleti 11 hours ago
Bitcoin

Bitcoin May Hit $78,500 If This Critical Support Fails – Details

Bitcoin (BTC) prices crashed by almost 5% in the past 48 hours, with growing global tensions following an Israeli airstrike...

Semilore Faleti 14 hours ago
Ethereum

Investors Are Fleeing Ethereum, On‑Chain Numbers Reveal

With investor demand seemingly on the rise, the Ethereum price looked set to cross the psychological $3,000 level over the...

Opeyemi Sule 15 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Weekly Candle Hints At Pre-Tower Top Formation – Details

Ethereum Weekly Candle Hints At Pre-Tower Top Formation – Details

Sebastian Villafuerte 3 hours ago

DeFi巨鯨掃HYPE攻上44美元新高 Solaxy成今年最佳新幣預售破5,000萬

Peter Chow 4 hours ago
Bitcoin

Bitcoin Price Forms Descending Triangle Pattern Amid Israel-Iran Tensions

Scott Matherson 9 hours ago

Premium Sponsors

Top Brands

Press Releases

  • 2025’s Best Performing CloudMiner, Holding a Secret...

    9 hours ago
  • ETHRANSACTION Cloud Mining Will Help You Earn $0 to...

    1 day ago
  • アルトコイン急落時に注目すべき買いのチャンス|BNB・XRP・SOL・新ミームコインも登場

    ...

    1 day ago
  • ソラナ基盤の注目プリセールが4,900万ドル調達、仮想通貨投資家にとってローンチ前の最後の購入チャンス

    ...

    1 day ago
  • ドイツ企業が初のビットコイン準備資産化|今後仮想通貨1000倍が狙える注目の3銘柄

    ...

    1 day ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.