- Algorand (ALGO) and VeChain (VET) are two altcoins set to make explosive gains.
- ALGO chart prints retest opening nice entry for accumulation.
- VET price is expected to increase by 20x or 30x in the coming super cycle.
Algorand (ALGO) and VeChain (VET) are two altcoins that are gaining a lot of attention over the past week and continue to remain bullish this week as well. Both crypto analysts and project community members are sharing highly bullish forecasts for both of these popular and promising altcoin assets.
In particular, one analyst shares how ALGO is a long-term high-cap position on their crypto portfolio. The analyst then highlights how the asset is currently performing. Specifically, ALGO is printing a textbook 50-week moving average retest which presents a nice opportunity for traders to pump their ALGO holdings.
This comes in line with another forecast from the previous week. One that followed the Algorand (ALGO) price patterns on the chart that marks the possible end for the asset’s downward pattern.
In fact, the analyst notices a weakening downward pattern which means a massive surge on the horizon for ALGO price. No doubt long-term ALGO holders are hoping to see the price of ALGO soar to new ATHs this bull cycle.
Similarly, another popular altcoin is gaining high expectations from the crypto community to soar this bull cycle. This asset is the native token of the VeChain blockchain, another greenland sustainability-focused network like Algorand, VET.
VeChain made many bullish announcements and partnerships this cycle and already say a massive spike for its tokens VET and VeChainThor (VTHO) in the pre bull cycle phase. This primes VET to likely make incredibly high gains this coming golden bull cycle.
One analyst expects VET to go up by 20x or 30x. While predictions for VET’s cycle top vary from $1 to $3 to $5 and higher, the VeFam is proud of the network’s accomplishments this year and are certain the asset will surge in the coming months.
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