VeChain (Up 34%) Breakout Confirmed As Coin Sets New All Time High

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We don’t often do technical analysis here at CryptoTips as we don’t wanna get slammed if we get it wrong, but in the case of VeChain last week we couldn’t be helped.

First up, allow us to remind you all that you should always do your own research and that technical analysis should serve as a setup and not as a confirmation that something is going to happen. All it does is tell you that something is possible based on historical patterns, not that it will happen.

Last 30 days:
✅ TUV Saarland
✅ RMIT
✅ Singapore Trade Network
✅ USA Patent
✅ Grant Thornton
✅ E-HCert
✅ Know Seafood

If this is VeChain’s version of “silent to the max” and “no updates” then it’s no wonder we are destined for the moon.

— Jason Rockwood Ⓥ (@jasonrockwood) December 29, 2020

In the case of VeChain, we told you on 29 December 2020 that two famed technical analysts were foreseeing the possibility of a breakout on that chart and that Lunarcrush, the company that tracks social media chatter for the world of crypto, noticed a top ten spot for VeChain.

Oh men, Say something about $VET! 😊

— Julian Andres Uribe (@julianchuk) January 4, 2021

Billionaire investors

Given that VeChain is still a smaller altcoin, that were all some very good signs.

Our exact words:

VeChain is up 13% today and 26% in a week. These two technical analysts think that VeChain might be a good bet in 2021.

By now, that forecast combined with the social media chatter have paid off and VeChain hit a new all time high of $0,027, up 34% for the week. And yes, we mean an all-time high after the rebrand.

So many people talk about @TimDraper as an investor in #VeChain.

However he is not the only billionaire believing in @vechainofficial.

Jim Breyer - Breyer capital also invested in $VET.

Follow the smart money🙏🏼#VeFam $VTHO #VeFam #VTHO pic.twitter.com/pngtwbPS55

— 🄲🅁🅈🄿🅃🄾 🄺🄴🄽🄽🅈 ♛ Ⓥ FCKING BULLISH ON $VET (@Crypt0_kenny) January 3, 2021

Billionaire investors like Tim Draper and Jim Breyer, who both carry the altcoin in their portfolio, might be telling some of their friends about this rise soon. The year has started very well for one of our favorite small coins.

Oh and if any VeChain fans want to send us stories which we can’t seem to find, please fill out the comments below. We’ll gladly cover next time.