Analyst: VeChain Could Be the Next Big Altcoin Winner, Thanks to Bitcoin and Ethereum ETFs
- Bitcoin’s recent ATH at $75,830 and Ethereum’s ETF launch may boost VeChain.
- VeChain’s technical analysis suggests a potential rise to 77 cents, a 30x growth.
- VeChain’s realistic market cap projection is $62 billion, driven by sustainability and sports sectors.
A recent analysis suggests that the performance of Bitcoin (BTC) and Ethereum (ETH), particularly following anticipated ETF launches, could have a ripple effect on altcoins like VeChain (VET), potentially driving them to new all-time highs.
Crypto analyst Nick Regan has outlined this possibility, citing VeChain’s current market position and technical indicators as key factors.
Following the launch of Exchange-Traded Funds (ETFs), Bitcoin reached a remarkable pre-halving ATH of $75,830 in March. As of press time, it trades at $60,700 with a market cap of $1.1 trillion, per data.
Ethereum is expected to follow a similar trend once its anticipated ETF begins trading this month. As such, experts expect Ethereum to hit $15,000, potentially reaching a market cap of $1.8 trillion, a 4.4x increase from its current position.
The host explained that despite Bitcoin’ and Ethereum’ diminishing gains o…
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