VeChain Price Prediction: Will VET Crypto Reach $1?

December 26, 2023

Price Prediction

Sean Korbett

Embark on a journey into the world of VeChain (VET), a cutting-edge blockchain platform revolutionizing supply chain management. Utilizing distributed ledger technology, VeChain not only streamlines commercial logistics but also introduces unprecedented transparency and efficiency in tracking products from inception to delivery. Dive into the heart of this technological marvel, where every data point is immutable and secure, and explore the exciting possibilities of VET coin’s future, including expert VeChain price prediction, in our latest captivating article.

VeChain (VET) Overview

In its essence, VeChain is a smart contract blockchain offering software solutions for businesses. It is best known for its enterprise supply chain product that traces shipped goods. This gives VeChain real-world uses across a variety of industries, including the food and beverage, fashion, and automotive sectors. Using the smart contract features of VeChain, users can track ownership and control of any number of goods.

VeChain started out as a crypto token built on the Ethereum blockchain. The project raised funds in an initial coin offering (ICO) in 2017. In February 2018, VeChain rebranded as VeChainThor (VET), its own blockchain. In June 2018, VEN ERC-20 tokens were exchanged 1:100 for VET tokens, and the VeChainThor blockchain network officially began operation.

VeChain Features

VeChain blockchain offers a number of features that can be extremely useful for the crypto industry:

• Insights. Provides better insight into the processes that go inside the supply chain.
• Higher priority for token holders. Provides higher priority to the token holder in the blockchain network. 
• Mobile Wallet. It has an in-built mobile wallet that you can use for the transaction.
• Use cases for tracking goods and data. Businesses that require a verified chain of ownership through production, shipping, or other processes could use VeChain for that purpose.

VeChain (VET) Crypto Price Chart    

CoinMarketCap, 26 December 2023

VeChain Price History Highlights

2017: Vechain (VET) has been in the market since 19 Jul 2017. It was first traded in the cryptocurrency exchange on 22 Aug 2017 at price of $0.24.

2018-2019: During this period, VeChain was relatively unknown and its price never reached any significant all-time highs. VET was a relatively quiet coin between its launch and late December 2020.

2020: VeChain’s lowest price was recorded on March 13, 2020 when it was trading at its all-time low of $0.001678. 

2021: VeChain reached its highest price on April 17, 2021 when it was trading at its all-time high of $0.2782. However, it lost over 80% in the following months, dipping to $0.058 in July 2021. 

2022: As of October 17, 2022, VET was trading at $0.0230, down more than 90% from the token’s all-time high.

2023: In 2023, VeChain was trading at its lows together with the vast majority of the crypto market during the crypto winter. Nonetheless, its price started to increase in December:

VET price chart for the last month, CoinMarketCap, 26 December 2023

VeChain Price Prediction

VeChain Price Prediction 2024

DigitalCoinPrice experts expect VET to go higher in price in 2024. According to their estimations, in 2024 VET’s price might go as low as $0.0791 (+110%), while its maximum price can reach $0.0956 (+154%).

PricePrediction crypto analysts are of the opinion that in 2024 the average trading price levels of VET crypto will fluctuate. Its minimum low can reach $0.0512 (+36%), while at its maximum VET crypto will rise to $0.0604 (+60%).

WalletInvestor crypto experts think that VET won’t considerably rise in price in 2024: they believe that in December 2024, it might drop below its current price to $0.0307 (-18%), while at its peak it can go as high as $0.0881 (+134%).

VeChain Price Prediction 2025

According to DigitalCoinPrice, VET will continue rising in price. Based on the experts’ forecasts, in 2025, VET might skyrocket to $0.13 (+245%) per coin at its highest point. Its minimum price might go as low as $0.11 (+192%).

Based on the experts’ forecasts at PricePrediction, in 2025, VET crypto will start out with $0.0746 (+98%) as its lowest price and rise to $0.0883 (+134%).

WalletInvestor gives an even more negative price range for VET in 2025: their experts predict that it might be as low as $0.00167 (-95%), while at its peak it can reach $0.0848 (+125%).

VeChain Price Prediction 2030

DigitalCoinPrice crypto analysts think that by 2030, VET coin will rise to new price levels: its minimum price level is expected to be around $0.25 (+564%), while its maximum price will go as high as $0.28 (+644%).

PricePrediction experts believe that by 2030, VET’s progress will be even more impressive: according to them, the crypto’s lowest price will hover around $0.4692 (+1,147%), while at its peak it might reach $0.5519 (+1,367%).

According to CoinMarketCap forecasts, VET has tremendous potential for long-term holders. This website believes that VET can go as high as $0.3644 (+869%) per coin. It can also drop in price to a minimum of $0.3122 (+730%) per coin.

VeChain (VET) Price Prediction 2040

According to CoinMarketCap forecasts, by 2040 VET will continue further rising in price. This website believes that the coin can go as high as $15.02 (+39,846%). It can also drop in price to a minimum of $12.49 (+33,118%) per coin.

Experts Opinion on VeChain Price Prediction

Asia continues to be at the forefront of blockchain development, and VeChain is one of the brightest crypto projects in the region. There are different opinions about where this particular altcoin is heading. Many crypto analysts back the project up.

Over the past several days, VET has recorded a substantial 33.5% increase, with an additional 5.4% surge in the past 24 hours, propelling the token to reach a new yearly high, a level unseen since May 2022. Rekt Capital, a renowned crypto analyst, highlights the progress VeChain has made in closing the ‘Volume Gap’ between $0.01728 and $0.02694. Meanwhile, Egrag Crypto believes that VeChain has the potential to reach a whopping $1.6.

VET USDT Price Technical Analysis

Tradingview, 26 December 2023

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 and position on the market.

Factors Affecting VET Coin Price

VeChain’s value is impacted by several variables. The majority of cryptocurrencies have a limited quantity. This implies that printing presses cannot be used by the government to incite inflation, or the devaluation of the currency. Prices can rise due to scarcity.

Newsmakers have a growing impact on VeChain’s value and other cryptocurrencies. Coins or tokens that receive endorsement from billionaire entrepreneurs on Twitter tend to appreciate in value. A growing number of celebrities are using social media to market NFTs and cryptocurrencies to their millions of fans. It is impossible to overestimate the impact of these endorsements on cryptocurrency values, especially VeChain.

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

• Use cases and real applications.
• Development of digital assets.
• Long-term vision.
• Information and popularity.
• Adoption and partnerships.

Risks and Opportunities

Like all cryptocurrencies, VET is subject to governmental regulations. The VeChain price is influenced by fluctuations based on a number of factors, including government plans for digital currencies, mining limits, tax laws, and investment rules. The VET exchange rate may increase in response to government actions that support the creation and use of cryptocurrencies, while price decreases may result from restrictions or outright bans on them. People may start looking for cryptocurrency alternatives such as VeChain and other cryptocurrencies when faced with economic instability or catastrophes. Conversely, robust economic expansion may spur more investment in cryptocurrencies as people and businesses search for fresh avenues for financial gain. While VeChain can offer multiple opportunities, as any digital currency, it can be also associated with numerous risks.

FAQ on VeChain Price Prediction

How High Can VeChain Price Go?

 The VeChain bearish market price prediction for 2024 is $0.015. However, VeChain can go as high as $1 and more according to expert price forecasts.

Can VeChain Reach $1 Dollar?

At the current price, VeChain will have to rise over 40 times to reach $1. Therefore, VeChain can reach $1.

Can VET Token Reach $10?

To reach $10, VeChain will have to rise 400x. At a conservative 25% per annum, VeChain could reach $10 in 17 years, so, realistically, this won’t happen. 

What Will VET Be Worth in 2025?

Based on the experts’ forecasts, in 2025, VET might skyrocket to $0.13.

What Will VeChain Be in 2030?

According to DigitalCoinPrice, in 2030 VET’s maximum price will go as high as $0.28.

What Is the Price Prediction for VET in 2050?

In 2050, experts think that VeChain’s highest trading price could be about $21.83. However, any number of things could affect the value of VeChain in the future, including changes to regulation, the rate of adoption by retail and institutional investors, and technological developments. Because unknown future events can affect the price, it is impossible to make a precise VeChain price prediction for 2050.

Conclusion

VeChain (VET) use cases are very practical, and it’s also true that as an enterprise solution for supply chains and business operations. This cryptocurrency has enormous disruptive potential, but investing in it can be dangerous because no organization may ever use the technology. It would involve retrofitting all systems with RFID tags supplied by VeChain, a significant investment into VeChain tech and development. For big businesses with lots of moving components, this is a significant danger. Additionally, even though VeChain is made to link and synchronize these systems, the labor, time, and effort costs might be too high to outweigh the long-term gains from higher efficiency. It yet remains to be seen what role VET crypto will play in the new digital economies.

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 1400 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.

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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.