VeChain Price Prediction: Is VET Crypto a Good Investment?

May 8, 2024

Price Prediction

Sean Korbett

VeChain (VET) is a blockchain with smart contracts that provides commercial software solutions. Its enterprise supply chain product, which tracks shipping items, is its most well-known offering. VeChain now has practical applications in a range of industries, such as the food and beverage, fashion, and automotive sectors. It swiftly forged alliances with a number of significant companies, and VET, its native cryptocurrency, is currently in the top 50 largest by market capitalization. How will the price of its native token change in the future? Discover the long-term VeChain price prediction in StealthEX’s latest article.

VeChain (VET) Overview

VeChain is far more specialized than many other blockchains, which are all-purpose platforms capable of doing pretty much whatever you can program into them. The fundamental concept is that it offers a sensor to track physical goods in addition to a unique ID. After that, it keeps track of data as the product moves through the supply chain.

VeChain Token (VET) and VeChainThor Energy (VTHO) are the two tokens that make up the VeChain ecosystem. Within the ecosystem, VET serves as the main token for value transfer, or ‘smart money,’ facilitating stakeholder voting, investment, and transactional operations. On the VeChainThor blockchain, however, VTHO serves as the ‘gas’ or energy that drives transactions and smart contracts.

Holding VET produces VTHO, which acts as a method to separate the cost of utilizing the blockchain from the market price of VET. This lowers transaction costs and makes it easier for the ecosystem to allocate resources efficiently.

VeChain was established in 2015 as a division of Bitse, a company that offers blockchain-powered solutions, by Changpeng Zhao, a Chinese-Canadian entrepreneur and former CEO of Binance, and Sunny Lu, a former chief information officer of Louis Vuitton China. Previously running on the Ethereum network, the VEN currency was relaunched as the VeChainThor blockchain in 2018 after VeChain moved to its own blockchain.

VET Features

VeChain crypto offers a number of features within the crypto space. These are:

1. Multi-party payment. Flexible transaction fee delegation systems facilitate seamless user onboarding for decentralized applications running on a freemium model. An organization 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 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 is $0.0353.

VeChain (VET) Price Chart

CoinMarketCap, 8 May 2024

VeChain Price Prediction

VET Price Prediction 2024

DigitalCoinPrice experts expect that in 2024 VET coin’s price might drop to $0.0317 (-9%) at its lowest point, while at its high it can reach $0.0773 (+120%).

PricePrediction crypto analysts believe that in 2024 VET coin will rise insignificantly: $0.0432 (+23%) at its low vs $0.0498 (+41%) at its peak.

Telegaon crypto experts think that the lowest price VET can hit in 2024 is $0.064 (+82%) vs its maximum price of $0.15 (+327%).

VeChain Price Prediction 2025

DigitalCoinPrice crypto analysts think that in 2025 VET coin can go as high as $0.0909 (+159%) at its peak. Its lowest price might drop to $0.076 (+116%).

PricePrediction forecasts promise that in 2025, VET’s lowest price is going to get to $0.0634 (+80%), while at its highest point VET crypto can reach $0.0746 (+112%).

Analysts at Telegaon expect that in 2025, VET coin will do great and will reach a maximum price of $0.54 (+1,439%), while at its lowest point it can drop to a minimum of $0.16 (+356%).

VeChain Price Prediction 2030

DigitalCoinPrice analysts believe that by 2030, VET coin will rise to a maximum level of $0.27 (+669%), while its minimum price is going to hit $0.24 (+584%).

According to PricePrediction forecasts, by 2030 VET might reach $0.4323 (+1,132%) at its lowest point, while at its peak it might go as high as $0.5096 (+1,352%).

Telegaon price predictions estimate that by 2030, VeChain is going to reach $4.17 (+11,787%) at its minimum and might trade at a minimum of $7.63 (+21,650%).

VeChain Price Prediction 2040

According to PricePrediction forecasts, in 2040 VET will skyrocket: its minimum price is expected to be $28.4 (+80,857%), while its maximum price is going to soar to $33.05 (+94,113%).

Telegaon analysts expect that by 2040, VET’s price is going to significantly increase: $25.23 (+71,821%) at its minimum vs $30.25 (+86,131%) at its maximum.

VeChain Price Prediction: Experts’ Opinions

VeChain’s primary use cases include provenance, logistics, and authentication. Public ledger transparency enables partners and customers to confirm the provenance and movements of goods. This makes it possible to use analytics to optimize the whole supply chain and resolve problems in the real world. For instance, VeChain has joined forces with premium businesses such as Louis Vuitton China in order to combat the counterfeiting of high-end merchandise. Handbags with embedded NFC chips can be authenticated by buyers by syncing with the blockchain.

It’s important to notice that VeChain maintains tight relationships with the national, regional, and local governments in China. An agreement was inked by the City of Shanghai to develop a VeChain-powered smart city. VeChainThor is also used by the National Research Consulting Centre for data services.

Taking into consideration these use cases and developments, many crypto analysts believe that VET’s price is going to rise in the future. For instance, CoinMarketCap believes that by 2030 VET’s highest price will reach $0.8745.

VET USDT Price Technical Analysis

Tradingview, May 8, 2024

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

Factors Affecting VET Coin Price

The VeChain ecosystem’s technological developments, the state of the world economy, and the general mood of the cryptocurrency market have all had an impact on VET’s price trend. Moreover, VeChain’s pricing has been greatly impacted by strategic alliances and integrations with mainstream industries.

Furthermore, the price of VeChain could be influenced by adoption rates and regulatory decisions that both can contribute to its popularity.

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

• Economy at large;
• Market sentiment;
• Technological advancements;
• Wider adoption;
• Partnerships and integrations;
• Regulatory decisions.

Risks and Opportunities

First of all, VeChain was built for a large but very particular supply chain management use case, meaning there is essentially no reason a retail user needs the coin. Moreover, the VeChain Foundation is the ultimate authority and gatekeeper to the blockchain, with the ability to change monetary policy and other critical decisions.

However, VeChain is a tenured product with a dedicated team that has shown the ability to evolve with the ecosystem and continue to improve and develop the product for users. With wider adoption rates, VET crypto can become more popular and used within the crypto industry and beyond.

Is VeChain a Good Investment?

This is subjective and could be decided according to personal investing objectives. Even if VeChain has proven to be valuable and useful in the supply chain industry, there is no guarantee that VET is going to greatly rise in price over the following years.

Will VeChain Ever Reach $1?

Websites like Telegaon believe that by 2030, VeChain can go even beyond that: $4.17 at its minimum.

Will VeChain Reach $75?

It is unlikely that the VET coin is going to reach $75 in short or mid-term.

How High Can VeChain Price Go?

According to short-term predictions, it can very well reach $1.

What Will VET Coin Be Worth in 2025?

According to DigitalCoin price, in 2025 VeChain coin can cost $0.0909 at its peak.

How Much Will VeChain Cost in 2030?

PricePrediction estimates that in 2030 VeChain is going to cost $0.5096 per coin.

Is VeChain Dead?

Far from it. The project is actively developing and has come up with a number of updates, including the tokenization of RWAs and the launch of Marketplace-as-a-Service.

Conclusion

VeChain has a concrete strategy in place to maintain the blockchain over time. It looks like the project is able to take advantage of its utility-driven value proposition and ride out market turbulence. VeChain continues to be a desirable asset with great potential for long-term growth as it forges new alliances, broadens its ecosystem, and showcases practical applications. Investors and fans are expected to closely follow its development and eagerly await the realization of its revolutionary potential in the field of blockchain technology.

Where to Buy VeChain Crypto?

StealthEX is here to help you buy VeChain (VET) if you’re looking for a way to invest in this cryptocurrency. You can buy VET coin 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 Coin: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

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

Follow us on Medium, Twitter, Telegram, YouTube, and Publish0x to stay updated about the latest news on StealthEX.io and the rest of the crypto world.

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.