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VeChain (VET) has reached a significant milestone – in January, the network achieved an all-time high in activity, processing 15 million transactions (clauses). This was shared on social media platform X by user Lucas. The rising network activity in 2024 is fueling optimism for further growth, which could have a positive impact on VeChain’s price in 2025.
VeChain’s Network Activity Reaches Record Levels
VeChain has shown steady growth in network activity over the past few years.
- In 2019, the network experienced a brief peak, with the number of clauses rising from 2 million to over 14 million per month.
- This record remained unbroken until 2024, when January surpassed it with 15 million transactions.
This growth highlights increasing adoption and utilization of the VeChain network, which could positively influence VET’s price.
VeChain’s Price Drops Despite Strong Network Performance
Despite impressive network activity, VeChain’s (VET) price has seen a significant decline.
- In the past 24 hours, it dropped by 13.38%, bringing its current value down to $0.03967.
- The price is still 85% below its all-time high of $0.281, reached in April 2021.
Notably, in April 2021, when VET reached its all-time high, network activity was only between 4–6 million clauses per month, just one-third of the current record. This suggests that the price has yet to align with the actual growth of the VeChain ecosystem.
Can VeChain’s Price Surge by 3,000%?
Some analysts remain extremely optimistic about VeChain’s future price movements.
- Popular analyst EGRAG Crypto, active on X, predicts that VET could surge by 3,000% in just 100 days.
- He compares the current price trend to 2021, suggesting that this could signal an explosive rally.
- He refers to this as the “Moon Phase,” projecting that VeChain could reach $0.63—a 125% increase over its all-time high in 2021.
Conclusion
VeChain continues to deliver strong network performance, yet its price remains far behind its actual growth. With analysts speculating about potential massive price increases, the key question remains: Will VET’s price in 2025 finally reflect its growing network activity?
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