Could VET (VeChain) experience a 100x price increase if a VET ETF is confirmed? This question has been raised by a VeChain enthusiast who believes that VET has the potential to be the next altcoin to receive ETF approval.
Following the success of Bitcoin Spot ETFs, many in the crypto space anticipate the approval of an ETH ETF. This has ignited a debate about which altcoins could be the next in line to receive ETF approval for listing. One altcoin that has gained attention in this discussion is VeChain (VET), a green-centric sustainability token.
According to a VET enthusiast, VET ETF approval is likely in the pipeline. This user even suggested that the VET ETF has already been approved and will start trading on major stock exchanges from June 1. However, it is important to note that this statement is likely more of a comment aimed at fostering excitement rather than a credible source of information.
Nevertheless, the enthusiasm surrounding VET’s potential ETF approval reflects the growing demand for this asset. VeChain has made significant progress since its launch, especially in this year alone. The introduction of VeBetterDAO and partnerships with UFC and the Italian Tennis Open have showcased the project’s dedication to sustainable blockchain technology.
While the possibility of a VET ETF remains a rumor at this stage, the expectation for VET’s price to surge during the upcoming bull run phase is already high. Other altcoins, such as DOT, XRP, SOL, and DOGE, have also been named by their communities as potential candidates for ETF listings. Only time will reveal which altcoins will be chosen for this opportunity.
In conclusion, while the confirmation of a VET ETF could have a significant impact on VeChain’s price, it is important to approach such predictions with caution and monitor official announcements from the project.