Popular crypto trader Michaël van de Poppe says one enterprise-focused altcoin might be nearing a price zone that could make for an effective entry.
Van de Poppe tells his 556,100 Twitter followers that VeChain (VET) is “looking at some massive opportunities.”
VeChain is a cryptocurrency and blockchain platform built for enterprise solutions to help companies optimize their supply chains.
Van de Poppe said on Monday that $0.075 would act as a “trigger” for VET. The 35th-ranked crypto asset by market cap has already surpassed that level since he published his video and is trading currently at $0.077535. It’s up 4.56% in the past 24 hours but still down nearly 12% from where it was priced one week ago.
Van de Poppe isn’t the only trader who’s been bullish on VeChain recently. Last week, crypto analyst Justin Bennett said VET could skyrocket multiple times above its current price.
“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.”
Bennett also noted that if VET does take off this year, potential breakout areas could be as high as $0.38-$0.40.