- VeChain price chart mirrors same bullish pattern of its previous bull cycle.Â
- VET’s latest 65% dump marks the start of its moon phase.Â
- Analyst expects VET to pump by 3,000% preparing to hit new ATHs.
Bitcoin’s latest pump past the $100,000 price target and setting a new ATH at $103,900.47 has reignited a massive potential for major and significant pumps in potential altcoins. In response to BTC’s latest ATH, analysts predict Bitcoin price to hit $128,000 to $150,000 by the end of Q4 and the year 2024.Â
Altseason Further Fueled By BTC’s Latest ATH
It is not just analysts who have reacted bullishly, the price movements of altcoins are also mirroring the same bullish sentiment. So much have altcoins pumped over the last month that analysts believe altseason has started earlier than expected. To highlight, many legacy altcoins like ADA, VET, VTHO, DOGE, and SHIB have all begun to pump.
While some altcoins have pumped a significant amount, other altcoins like JASMY and DOT seem to finally be preparing for a major uptrend after 800 to 1,000 days of accumulation. Meanwhile, analysts are certain that the altcoins that have already pumped so far still have a much greater pump to fulfil in the coming days.
VeChain Indicates 3,000% Price Pump Capability
One such asset is VeChain (VET), this bullish altcoin seems to be mirroring an iconic moon pump printed during the previous bull cycle. As we can see from the post above, this analyst believes a historic 3,000% pump awaits VET price and could come to fruition in the next 100 days.Â
In detail, the analyst explains that VeChain has mirrored the same 65% dump from its last cycle indicating the start of its inevitable moon phase. This dump was last followed by a 3,000 price surge. If the same 3,000% price pump occurs this bull cycle, VET could set a new ATH that is 2X of its previous ATH set at $0.2782 or even higher.  Â
