VeChain Price Prediction: VET Coin Forecast
Article contents
What is VeChain (VET)?
Vechain (VET) is a cryptocurrency and blockchain platform launched in 2018 that is targeting the Internet of Things. The platform is used for product labeling, manufacturing, and logistics.
Imagine that you want to buy a Rolex watch, but you are not sure that the seller is offering you a truly original product, and not a fake one. If Rolex uses the VeChain platform to label its products, the user can simply scan the ID using a smartphone and get all the information about it: year of manufacture, material, origin country, etc. So VeChain is based on the idea of solving problems related to counterfeit goods on the global market and the mission of the project is to obtain reliable data about the product from the beginning of its production to receiving it by the final customer.
Nowadays VET is at the Top-40 cryptocurrencies by market capitalization.
VeChain Statistics
| Current Price | $0.003855 |
| ROI since launch | -74.37% |
| Market Cap | $213,800,681 |
| Market Rank | #35 |
| Circulating Supply | 55,454,734,800 VET |
| Total Supply | 86,712,634,466 VET |
Source: CoinMarketCap, Data was taken on 23 April 2020.
VeChain achievements and future plans
The year of 2019 has been challenging yet meaningful and fruitful for VeChain:
• More than 1.1 million transactions were made on the VeChain Thor network, which is a new highest record.
• VeChain Foundation took part in 93 events connected with blockchain technology development worldwide.
• Reached 280 K + active and cohesive community users.
• VeChain became the world’s most adopted public blockchain platform. From governments to massive Fortune enterprises like Walmart and assurance companies, VeChain’s adoption directly overshadows other blockchain platforms.
• The VeChain Whitepaper 2.0 was published.
According to the project’s development plan, the vision of VeChain is to build a trust-free and distributed business ecosystem based on the Blockchain technology self-circulated and expanding.
VeChain Technical Analysis
Source: TradingView, Data was taken on 23 April 2020.
VeChain Price Prediction 2020
TradingBeasts VET price prediction
The VeChain price is forecasted to reach $0.0048462 (+25.71%) by the beginning of May 2020. At the end of December 2020, its average price will be around $0.0049181 (+27.57%).
Wallet investor VeChain VET price prediction
The VeChain’s average price is expected to be $0.00323 at the end of 2020 (-16.21%).
DigitalCoinPrice VeChain coin price prediction
VET price will be equal to $0.009046 USD in December 2020 (+134.65%).
Crypto-Rating VET price forecast
According to Crypto-Rating’s those who are looking for an interesting altcoin to supplement their portfolio should pay closer attention to VeChain.
CryptoInfoBase VET price forecast
CryptoInfoBase expected suggests watching the new offers from the VeChain Foundation, which will be able to compete with other IoT platforms, especially IOTA. And But not expect serious growth in 2020.
Buy VeChain at StealthEX
VeChain (VET ) is available for exchange on StealthEX with a low fee. Follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example BTC to VET.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
April 23, 2020
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