VeChain Price Prediction: Is VET Crypto a Good Investment?

November 29, 2024

Price Prediction

Sean Korbett

VeChain (VET) is a cutting-edge blockchain platform designed to solve real-world problems by enhancing transparency, efficiency, and traceability across industries. Originally developed to streamline supply chain management, VeChain has grown into a comprehensive ecosystem that integrates blockchain technology with advanced tools like the Internet of Things (IoT) and smart contracts. How high can its native token VET go? Discover VeChain price prediction in StealthEX’s latest article.

VeChain (VET) Overview

VeChain is a blockchain platform tailored to enhance business processes by improving transparency, traceability, and efficiency across various industries. By combining blockchain technology with Internet of Things devices, VeChain provides an immutable record of data throughout the lifecycle of products and services. This enables businesses to authenticate and monitor everything from manufacturing and logistics to quality control and consumer delivery. VET, the platform’s primary token, plays a vital role in facilitating transactions and incentivizing participants within the VeChain ecosystem.

What sets VeChain apart is its dual-token system and enterprise-focused solutions. The network uses VET crypto as a value-transfer medium and another token, VeThor Token (VTHO), to power transactions and smart contracts. This structure separates value from utility, allowing for efficient and cost-effective operation. VeChain has successfully partnered with major global organizations across industries like supply chain management, healthcare, automotive, and sustainability, showcasing its potential to bridge the gap between blockchain technology and real-world applications.

VeChain was created by Sunny Lu, a former Chief Information Officer of Louis Vuitton China. The project was launched in 2015, initially as part of Bitse, one of China’s largest blockchain companies, before becoming an independent entity. VeChain’s mainnet, known as VeChainThor, officially went live in June 2018, marking a significant step in its evolution as a standalone blockchain platform.

VeChain (VET) Features

VET offers several features within the crypto space:

1. Multi-party payment. Flexible transaction fee delegation systems facilitate seamless user onboarding for decentralized applications running on a freemium model. An organisation can have a smart contract and dedicated gas account to manage the gas fees required to utilize the network thanks to VeChain’s novel fee delegation protocol.
2. Controllable transaction lifecycle. Using the Expiration and BlockRef transaction attributes, users can specify the time at which a transaction is processed or expires if it is not included in a block.
3. Multi-task transaction. With multi-function atomic transactions, developers can manage the order of the calls, combine several calls to different contract functions in a single transaction, and batch payments.
4. Transactions dependency. To make sure that the execution order meets the needs of the business, users can specify dependencies that prevent transactions from being carried out until the pertinent transaction has been completed.

VeChain (VET) Price Chart    

CoinMarketCap, November 29, 2024

VeChain Price History Highlights 

• 2018: VeChain launched in June 2018 at a relatively low price.
• 2019: In 2019, VeChain price increased by +33.54%, starting at $0.003921 and closing the year at $0.005236.
• 2020-2021: VET was generally a quiet coin between its launch and late December 2020. Since then, it peaked at its all-time high in April 2021 with $0.2782 but lost over 80% in the following months, dipping to $0.058 in July 2021.
• 2022: In 2022 VET was hovering at a relatively low price and during December 2022, VeChain price declined by -17.84%, starting at $0.01923 and closing the month at $0.0158. VeChain’s price has dropped by over 71% during the 2022 bear market.
• 2023: VET had a largely disappointing 2023, but things picked up at the end of the year. It started well, rallying to above $0.03 in February, but then fell. The crypto rallied in the last few months of 2023, though, and it closed the year at $0.03424. This meant it had climbed more than 115% over the course of 2023.
• 2024: The price of VET at the beginning of 2024 went a bit up and hit $0.04951. At the moment VeChain price hovers between $0.04 and $0.045.

VeChain Price Prediction 2025, 2026, 2030-2040

VeChain Price Prediction 2024

DigitalCoinPrice website states that in 2024 VeChain’s price might go as high as $0.093 (+119%), while at its lowest point it can drop to $0.0381 (-9%).

PricePrediction analysts believe that in the last months of 2024 VeChain can go as low as $0.0433 (+2%), while at its maximum it will hit $0.0476 (+12%).

Telegaon crypto experts think that at the end of 2024, VeChain can drop to a minimum of $0.064 (+51%) or hit $0.15 (+254%) at its highest point.

VeChain Price Prediction 2025

According to DigitalCoinPrice, in 2025 VET can go as high as $0.11 (+159%) per coin. At its minimum, the coin might drop to $0.0914 (+115%).

Based on the experts’ forecasts at PricePrediction, in 2025, VeChain will continue rising in price: $0.0631 (+49%) at its lowest point and $0.0777 (+83%) at its peak.

Telegaon experts predict that in 2025 VeChain might go as low as $0.16 (+278%), while at its maximum it can reach $0.54 (+1,175%).

VET Price Prediction 2026

Based on the predictions of experts at DigitalCoinPrice, in 2026, VET might reach $0.15 (+254%) per coin at its highest point. At its lowest point it might drop to $0.13 (+207%).

According to PricePrediction, in 2026 VeChain crypto can hit $0.1093 (+158%) at its maximum while at its lowest point it can also drop to $0.0914 (+115%) per coin.

Telegaon analysts believe that in 2026 VeChain is going to drop to its lowest point of $0.56 (+1,223%), while at its highest point it can rise to $0.87 (+1,955%).

VeChain Price Prediction 2030

According to DigitalCoinPrice, by 2030 VeChain will see the lowest price of $0.29 (+585%), while at its peak it might finally reach $1: it can hit a maximum price of $0.32 (+656%).

PricePrediction analysts believe that by 2030, VET will reach a maximum level of $0.5349 (+1,163%), while its minimum price will drop to $0.4535 (+971%).

Analysts at Telegaon think that in 2030, VET is going to reach $7.63 (+17,929%) at its peak and might trade at a minimum of $4.17 (+9,753%).

VET Price Prediction 2040

According to PricePrediction forecasts, in 2040 VeChain will reach staggering price levels: its minimum price is expected to be $24.18 (+57,036%), while its maximum price is going to soar to $29.3 (+69,134%).

When it comes to long-term predictions, Telegaon experts believe that in 2040 VET coin will cost a minimum of $25.23 (+59,517%) at its lowest point or it can go to an all-time high of $30.25 (+71,379%).

VeChain (VET) Price Prediction: What Do Experts Say?

Experts have varying opinions on VeChain’s future price trajectory, with forecasts influenced by market conditions, technical analysis, and developments in the VeChain ecosystem. VeChain’s development efforts, including compliance with ISO 20022 and its role in supply chain solutions, are key factors expected to enhance its adoption and potentially drive price increases.

The vast majority of analysts think that VeChain will eventually expand as a blockchain, which will lead to its price shooting above its current levels. For instance, CryptoNews experts believe that in 2030 VET could potentially reach a high of $2.3.

VET USDT Price Technical Analysis     

Tradingview, November 29, 2024

Now that we’ve seen possible price predictions for Graph, let’s find out a bit more about the factors that can influence its price.

What Does VeChain Price Depend On?

VeChain’s price is closely tied to its adoption across industries. As it is used for supply chain management, sustainability projects, and other blockchain applications, increased adoption by enterprises can boost demand for VET, influencing its price positively. In addition, major partnerships, such as those with global companies like Walmart China and BMW, enhance VeChain’s credibility and utility. Such alliances often lead to increased market confidence, impacting the price.

It is also true that the growth and improvement of the VeChainThor ecosystem, including upgrades and the launch of new features, affect its utility and attractiveness to developers and businesses, which in turn can drive price movements.

When assessing VeChain as an investment, keep the following considerations in mind:

• Supply and demand;
• Market sentiment;
• Adoption and use cases;
• Partnerships;
• Ecosystem developments;
• Overall market trends;
• Technological developments;
• Macroeconomic factors;
• Regulatory environment.

Risks and Opportunities

VeChain’s role in enabling companies to track and verify sustainability claims aligns with global trends toward environmental accountability, opening doors for further adoption in ESG (Environmental, Social, and Governance) initiatives. The VeChainThor blockchain, with its dual-token model (VET and VTHO), offers cost-effective and scalable solutions. 

However, In addition, like all cryptocurrencies, VET is subject to significant price fluctuations, which can lead to potential losses for investors. All the while VeChain’s focus on enterprise blockchain solutions seeks to provide significant opportunities. Its partnerships with global companies like Walmart China and BMW demonstrate its capability to provide practical solutions, especially in supply chain management and sustainability.

However, like most cryptocurrencies, VET is subject to high price volatility, influenced by market sentiment and broader crypto trends. Sudden market downturns can erode its value quickly. Moreover, the blockchain space is highly competitive, with other platforms like Ethereum, Solana, and Polygon offering robust smart contract capabilities and targeting similar industries. VET coin could be a smart investment for an investor with a varied portfolio and high-risk tolerance.

Is VeChain a Good Long-Term Investment?

VeChain could be a good investment because of two main factors: first, VeChain specializes in supply chain solutions, leveraging blockchain technology for traceability, transparency, and data integrity. Its partnerships with global companies like Walmart China, BMW, and healthcare firms highlight its practical value and potential for broader adoption. Secondly, the VeChainThor blockchain employs a dual-token model (VET and VTHO) to manage value and transaction costs efficiently, which can support scalability and long-term utility. It also integrates seamlessly with Internet of Things devices, further enhancing its use cases.

The platform has also demonstrated steady growth, compliance with ISO 20022 standards, and adaptability to industry demands, fostering investor confidence. However, VeChain’s success depends on continued adoption, technological advancements, and regulatory developments. It could be a good long-term investment for those comfortable with the inherent risks of cryptocurrency.

Will VeChain Reach $1?

While VeChain has strong use cases, partnerships, and technological foundations, predicting that it will reach $1 is speculative. It would require an increase in demand, high adoption rates, and sustained bullish market conditions. While it’s not impossible, especially if VET gains significant attention and adoption within its niche market, the path to $1 would be challenging.

Can VET Hit $2?

Reaching $2 would be a significant milestone for VeChain and would imply a substantial increase in its market capitalization, adoption, and global recognition. While this is not impossible, it would require a strong increase in demand for VET through more use cases and partnerships, widespread market adoption of blockchain solutions, particularly in supply chain management and related industries, and a bullish trend in the overall cryptocurrency market and sustained positive sentiment.

Will VeChain Reach $5?

Realistically, a price of $5 would be more feasible in a long-term, bull-market scenario where VeChain has successfully become a dominant player in blockchain solutions for supply chain and beyond. This would likely take years of growth, strategic partnerships, and consistent technological advancements. For now, while VeChain has solid potential and its ecosystem is growing, investors should be mindful that reaching $5 would be an ambitious target requiring substantial, sustained progress.

Will VET Hit $10?

In the medium to long term, reaching $10 for VeChain would require a combination of high adoption, continued partnerships, technological advancements, and a positive, sustainable market environment. While it is not impossible for VeChain to see such a price point, it is highly ambitious and would likely only be feasible if VeChain became a dominant player in blockchain technology used for critical supply chain and enterprise solutions globally.

Will Vechain Be Worth $75?

Reaching a price of $75 for VeChain would be an unprecedented achievement that would require an extreme and sustained shift in market conditions, adoption, and overall growth of the project. While everything is possible in crypto, this is not a scenario that is likely to happen very soon.

Can VET Reach $100?

While it is theoretically possible for VeChain to reach $100, it would require an unprecedented combination of global adoption, technological dominance, and market conditions that are currently unseen. Such a price point would involve VeChain achieving a market capitalization larger than any current asset class, implying it would have to become a foundational element of the global economy and blockchain infrastructure. As of now, this is an extremely long-term scenario and is not something that can be reasonably expected in the near future.

How High Can VET Token Go?

VeChain’s (VET) price could potentially increase several times its current value over the next decade, with some forecasts suggesting a rise of up to 10 times by 2030, though these projections are speculative and depend on factors like technological advancements and market adoption. 

How Much Will VeChain Be Worth in 2025?

According to DigitalCoinPrice, in 2025 VeChain will hit a maximum of $0.11.

How Much Will VET Cost in 2028?

PricePrediction analysts think that in 2028 VET will reach a maximum of $0.2442.

How High Can VeChain Go in 5 Years?

According to Telegaon professional analysts, in 5 years VeChain can go as high as $4.15.

What Will VeChain (VET) Be Worth in 2030?

According to Telegaon, in 2030 VET will hit an all-time high of $7.63.

What Will VET Crypto Be Worth in 2040?

PricePrediction thinks that in 2040 VET crypto will cost $29.3 at its peak.

Is VeChain a Chinese Coin?

VeChain (VET) is often associated with China due to its origins and the significant presence it has in the region, but it is not exclusively a ‘Chinese coin’ in the sense that it only operates within China or is owned by the Chinese government. While VeChain does have significant ties to China and has been highly active there, it is more accurately described as a global blockchain platform with roots in China.

Is VeChain Built on Ethereum?

VeChain was initially built on Ethereum but later migrated to its own blockchain, VeChainThor. VeChainThor was specifically designed to support its unique use cases related to supply chain management, logistics, and enterprise solutions.

Conclusion

VeChain has positioned itself as a leading blockchain project with a strong focus on practical use cases, particularly in the realm of supply chain management, logistics, and enterprise solutions. Its unique combination of blockchain technology, strategic partnerships, and real-world applications has set it apart from other cryptocurrencies, making it an attractive option for businesses looking for scalable and transparent solutions. While its roots are deeply connected to China, VeChain has successfully expanded its reach to a global audience, establishing partnerships with prominent companies and organizations worldwide.

Where to Buy VeChain Coin?

StealthEX is here to help you buy VET crypto if you’re looking for a way to invest in this cryptocurrency. You can buy VET privately and without the need to sign up for the service. StealthEX crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy VET Crypto: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, ETH to VET. 
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.