Cryptocurrency investment often involves two common mistakes made by investors. The first mistake is not investing at all. The second is staying away from the market during a clear uptrend. Now, there is an altcoin in the midst of a rise, which analyst Ali Martinez indicates has the potential to increase by 14x. Let’s look at the evaluations.
Analyst Ali Martinez’s Assessment of Altcoin VET
According to the market sentiment analysis by crypto analyst Ali Martinez, Bitcoin appears ready to continue its upward momentum. Martinez suggests that more gains could be made before the current bull run reaches its peak. Meanwhile, Martinez’s predictions also highlight the explosive growth potential of an altcoin that is not among the top 10 cryptocurrencies.
Based on sentiment analysis, Martinez posits that Bitcoin holders have moved from a period of concern to a renewed phase of “belief.” According to Martinez, this indicates potential additional price increases for the leading cryptocurrency before it reaches the euphoric peak characteristic of market tops. Martinez states the following in his remarks:
“Typically, long-term Bitcoin holders experience a series of emotions during a bull cycle. This progression typically begins with capitulation. Then hope, optimism, and belief follow. After a price correction and a brief period of concern, a new phase of belief is entered. This indicates the potential for further gains.”
Is VeChain Ready for a Potential Rise?
While Bitcoin draws the spotlight, analysts are also turning their attention to lesser-known coins. At this point, Martinez particularly emphasizes VeChain (VET). VET is currently ranked 30th in the world of cryptocurrency.
Drawing parallels with historical performance, Martinez predicts a potential rise for the cryptocurrency VET. Martinez says, “It looks like it’s going to be a big week for VeChain. If history repeats itself, the cryptocurrency VET could rise to $0.054 this week. Then a temporary correction could occur until June, followed by a rise to $0.70 by November!” The level indicated by the analyst means a 14x increase for the altcoin VET.
