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The leading cryptocurrency briefly surpassed $84,400 in the last 24 hours before falling back to $80,000. This ongoing negative trend has become exhausting for investors. It appears that regaining confidence in the altcoin market will take time for those who have not seen stable gains since late 2021.
Insight into VET Coin
Michael Poppe, a closely followed cryptocurrency analyst, spotlighted an overlooked altcoin with significant long-term potential for sustainability: VET Coin. He highlighted the possible upward trajectory of VET Coin in the accompanying chart.
“Proof of Sustainability: $VET is instrumental in improving global living standards.”
The recent Galactica vote, part of VeChain’s Renaissance, has significantly enhanced benefits for all ecosystem participants. Notably, 100% of VTHO base fees are burned, reducing inflation and creating long-term value for stakers and developers. I believe that VeChain will gain significant momentum when the markets reverse.”
Bitcoin (BTC) Analysis
The consistent failure of upward attempts is related to the intensity of the global economic agenda. Trump is set to announce major tariffs on April 2, showing no signs of backing down. This date will be crucial in determining the seriousness of the situation, with existing anxieties likely to persist until then.
Jelle shared a chart underscoring these failed attempts.
“Yet, there is no luck for bulls; Bitcoin
$80,729 is being rejected again. After a series of higher lows, the price seems willing to shake some out. Bulls must defend the current range, which could gradually lead to the higher seventies.”
StockmoneyL echoed Jelle’s sentiments, warning against high leverage during this period.
“We have more time. Set limits and avoid excessive leverage. This will present a significant buying opportunity for wealth accumulation. However, do not be impatient. In the coming months, there is a high probability of surpassing $100,000, but we may also visit below the seventies.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
