In VeChain is an ambitious blockchain start-up that issued a cryptocurrency called VET. It has been able to grow exponentially because of its strong fundamentals and bull market sentiment. VeChain is one of the favorite altcoins that already brought a huge profit for investors. Moreover, the VeChain price forecast for 2021 and beyond looks very promising and the project has great potential.
VeChain (VET) price will tit $10 in 2030! You can read headlines like that, but be careful and don’t bullshit yourself. Do not invest in cryptocurrency just because its price seems low, for instance, under $1.
There are many prediction models for pricing cryptocurrency and most of them are based on technical analyses and some use some machine learning or artificial intelligence. It is hard to say if the price predictions are right or wrong. History teaches us that the future will probably be different from what we imagine.
We must say that price prediction is an important part of crypto investor’s analyses. It shouldn’t be the only one, but it’s perfectly okay to have a look at some models.
Should I invest in VeChain CryptoCurrency? Should I buy VET today? What is the VeChain price prediction model? What is the market’s opinion on VET’s future?
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Those are widespread questions from crypto investors that are in favor of altcoins.
Before we dive deep into price forecast and predicting if VeChain is a good investment with future gains or not, let’s have a few words about VeChain history to have a better understanding of what is VeChain and how VeChain works.
Table of Contents
- 1 What is VeChain
- 2 VeChain price forecast
- 3 Expert’s opinion on VeChain
- 4 Does VeChain have a future?
- 5 Crypto price predictions during a bull market
- 6 Frequently asked questions
- 7 Recommendations: Buy or sell VeChain?
What is VeChain
VeChain is a blockchain platform that provides a solution for supply chain management and business processes. The platform uses two distinct tokens:
- VeChain Token (VET)
- VeChainThor Energy (VTHO)
VET (VeChain Token) is the coin that underpins VeChain. VTHO (VeChainThor Energy) is the gas token used for transactions on the VeChainThor blockchain, similar to gas on Ethereum.
How does VeChain work
VeChain’s public blockchain is called VeChainThor.
VeChain plans to become a leading platform for transactions between IoT (Internet of Things) devices.
History of VeChain
VeChain is a company established in 2015 in China (headquartered in Singapore) by Sunny Lu, former CIO of Louis Vuitton China. It was introduced as part of Shanghai-based Blockchain-as-a-Service (BaaS) company, BitSE.
VeChain is one of many enterprise blockchain solutions with supply chain management but it showed a real use case.
- Food safety
- Health records
- Tracking carbon emissions
- Vehicle data collection
The VeChainThor blockchain uses Proof of Authority (PoA) consensus. Authority Masternodes need to hold at least 25,000,000 VET.
VeChain believes that blockchain technology is one of the foundations for the next generation of information technology, alongside emerging technologies such as AR, VR, AI, IoT, 5G, and more.
With that in mind, let’s jump right into the VeChain price prediction.
VeChain price forecast
Price follows fundamentals. It might go up and down based on the current sentiment, but the price comes to its fundamental value sooner or later. So before you start predicting short-term or long-term VET price predictions, you should do fundamental research and due diligence.
The good sign is that TokenInsights ranks VeChan with rating BBB:
Technical feasibility is very good, the status of operations is stable, influence on the project by unfavorable changes in the environment or uncertain factors exists to a certain extent, and risk is controllable.
What is VeChain price today?
Let’s see the current price of VeChain on the chart below. You can also see historical prices and price graphs to get a context of short-term prices.
- Price $0.058
- Market Cap
Short-term VET to USD price prediction
Short-term VET price prediction is based on technical analyses.
- Resistance Level (R3): 0.0524, (R2): 0.0494, (R1): 0.0461
- Pivot Point: 0.0431
- Support Level (S1): 0.0398, (S2): 0.0368, (S3): 0.0336
VeChain price prediction 2021
Short term price prediction for VeChain looks bullish. Many experts and analytics say that 2021 will be a great year for cryptocurrencies. We are currently in the bull market. VeChain might be one of the top cryptocurrencies that will grab investor’s attention.
According to Walletinvestors.com, VeChain is expected to hit the price of $0,07 by the end of 2021. That is almost +100% from the current VET price, so it is quite an optimistic view. Due to the current bull market cycle, it is yet a realistic opinion.
Walletinvestor is a popular website that predicts future values with technical analysis for a wide selection of digital coins.
VeChain price prediction 2023, 2025, 2030
If we experience a bull market in the cryptocurrency market, there is a chance that the VeChain price will break $0,1 until 2023. The growth from there won’t probably be rapid unless VeChain introduces some new feature that is not part of their current roadmap.
We may see VET price up to $0,2 in 2025 or 2030.
Will VeChain reach $1?
It is doubtful that VeChain reaches a $1 price in a short-time period. In other words, it won’t probably happen until 2025 and it is perilous to predict anything beyond. The questions if VeChain reaches $10 or $100 are definitely not on the table.
Expert’s opinion on VeChain
Since it is challenging to predict future prices of cryptocurrencies, experts can tell us at least if the project has a bright future. That might help us to pick the right altcoin to invest in.
Roger Ver, also referred to as “Bitcoin Jesus”, is one of the most powerful voices in the cryptocurrency universe.
I’m most interested in blockchains enabling a permissionless peer to peer digital cash system for the world, but @vechainofficial has some interesting ways of using them to stop counterfeit goods, making P2P permissionless markets more trustworthy. https://t.co/7Km9Hv0xRj
— Roger Ver (@rogerkver) December 21, 2017
Does VeChain have a future?
VeChain is one of the crypto-projects that actually have a working business model and working product. That gives a huge advantage over many crypto and blockchain projects that are at the starting line.
Is VeChain a good investment?
VeChain is one of the most popular altcoins since 2017 when the Bitcoin bubble burst. The project went through its hard times and it proves that it provides a real solution that finds its market.
The cryptocurrency market is very volatile but if you are a long-time investor, VeChain might probably be one of the coins that will show you a significant profit.
What will VeChain be worth in 2025?
It depends on development and partnerships, but if all will go smoothly, we can expect the price around $0,1.
Crypto price predictions during a bull market
The bull market in 2017 showed that the crypto prices are very volatile and investors don’t mind if the project has good team members or actual product. They sell to save at least some of their money. However, it might be a perfect opportunity to sell the coin for the long-term investors when the price is high and buy when it’s low. We must respect the market price cycling law.
Some say that it is not very important to pick good altcoins because they will increase their prices during a bull market. It might be 100x or 1000x.
As we experienced the bull market in 2017 and the following bear market, some cryptocurrencies haven’t got to their all-time-high prices.
Frequently asked questions
Will VeChain crash?
The cryptocurrency market is very volatile and we already witnessed price drops of 20%, 50%, and even 99% in some cryptocurrencies. It is always possible that something bad happens and investors take out the money.
VeChain is one of the most credible altcoin cryptocurrencies on the current market. They are very transparent about their actions and future plans. For the moment, there is no sign of a crash of VeChain on the horizon.
What was VET’s all-time low?
VET reached its all-time low of $0.0016 on March 13th, 2020.
Will VeChain replace or overtake Bitcoin?
No, that won’t probably happen. VeChain is a blockchain project focusing on supply-chain and its plan is not to surpass or replace Bitcoin. VeChain and Bitcoin are different projects solving different problems.
Is it profitable to invest in VeChain?
Yes, for the long-term investors. It might be profitable for short-term investors, but it depends on their buying and selling point. The one-year earning potential for investing in VET is +100% and more.
Recommendations: Buy or sell VeChain?
The market environment has been in a bullish cycle in the last 12 months. Since VeChain has a positive outlook, you should consider it as a part of your cryptocurrency portfolio. The good thing is that Vechain is a staking coin. Therefore you can earn profit along the hodling.
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You must understand the risks involved in investing in cryptocurrency. The cryptocurrency market has performed unpredictably in the past, and nobody knows how it will act in the future. There are many factors to consider; therefore, it’s for your best if you do further research before making any investment in VeChain or any other cryptocurrency.