An analyst from Invezz has published a detailed evaluation of several cryptocurrency tokens, focusing on their recent performance and future price potential. The analysis covers Internet-of-Things (IoT) related tokens VeChain (VET), Helium (HNT), and IoTeX (IOTX), as well as blockchain platforms Algorand (ALGO) and Elrond (EGLD).
For the IoT tokens, the analysis provided specific price data and projections. On April 13, 2022, VeChain (VET) was valued at $0.0605. The token saw significant growth in March, rising from a low of $0.04447 on March 13 to a high of $0.08703 on March 31—a 95% increase. The analyst projected VET could reach $0.09 by the end of April 2022. Helium (HNT) was valued at $20.64 on April 13, 2022. In March, it climbed from $19.97 to $25.87, a 29% increase, with a projected target of $27 by April's end. IoTeX (IOTX) was at $0.08992 on April 13. It increased from $0.06672 on March 7 to $0.1122 on March 31, a 68% rise, and was forecast to potentially hit $0.15 by the end of April.
A separate analysis from October 7 evaluated Algorand, VeChain, and Elrond. On that date, Algorand (ALGO) was valued at $1.86. It had surged from $1.09 on September 1 to $2.43 on September 13—a 122% increase—leading to a projection of $2.32 by the end of October. VeChain (VET) was at $0.116 on October 7. After a volatile September where it dropped from $0.155 to $0.081, it had recovered by 43% from September 29, with a target of $0.150 set for October. Elrond (EGLD) was valued at $238.79 on October 7. The token had seen massive growth from $143.68 on September 8 to its all-time high of $300.56 on September 14, a 109% spike. The analysis suggested EGLD had the potential to reach $274.60 by the end of October.
The articles frame these tokens as potentially solid investments based on their recent momentum and technological focus, with VeChain appearing in both evaluations for its role in supply chain and IoT.
