Crypto Analyst Justin Bennett Has A Big 2022 Target For VeChain (VET)

According to a prominent crypto analyst, Justin Bennett, VeChain (VET) could ignite sizable rally from its current price level.

In a recent video session, Bennett predicts that if VET manages to clear resistance at $0.10, it’s very probable that it will maintain the uptrend.

“As long as it’s above that $0.06 area, I’m still bullish on VET over the next year, and I think if we get above $0.10, that $0.103 cent area, then I do think we get that move back toward the $0.12 region, and potentially $0.15 and then some.”

He also points out that if the L1 start contact platform shoots up this year, his target level is around $0.40.

“That could be the objective if VET does break out of this pattern later this year.

Of course, it has a long way to go to do that.

But if it does break out, you’re probably looking at a target up around $0.40 for VET.”

VeChain is a versatile enterprise-grade L1 smart contract platform, which aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem which solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals.

By leveraging the power of trustless data, VeChain is building the digital backbone that will underpin the fourth industrial revolution, which demands real-time and trustless data sharing between many participants.

At the time of writing VET is trading at $0.08, with 3.19% loss on the daily chart.