VeChain Price Prediction: 2024, 2025, 2026 - 2030 (2024)

The surge in Bitcoin’s price has triggered a bullish wave in the altcoin sector, leading to a frenzy of buying among investors. As the market recovers more broadly, altcoins are showcasing remarkable gains, some with nearly double-digit increases. Among the top performers, VeChain (VET) stands out with a 90% jump in three weeks.

Given the current momentum and VeChain’s strong recovery trajectory, there’s an expectation of further value growth for its native token in the weeks ahead. This situation prompts investors to ponder, “Can VET Price Hit $0.10?”

Are you also considering VET for your portfolio? Look no further, as our prediction brings to you the possible VET price prediction 2024 – 2030 and the years to come!

VeChain Overview

Cryptocurrency	VeChain
Token	VET
Price	$0.03685615 2.58%
Market cap	$2,679,976,929.8894
Circulating Supply	72,714,516,834.0000
Trading Volume	$63,002,961.1087
All-time high	$0.2782 on 17th April 2021
All-time low	$0.001678 on 13th March 2020
24 High	$0.0363
24 Low	$0.0343

Importance of Price Prediction for Investors

Price prediction for cryptocurrencies like VeChain is significant for investors. Knowing an asset’s possible future value helps investors make better decisions. If analysis shows that a coin may rise significantly in price over the coming years, it could be a worthwhile investment today.

Conversely, if models predict little price growth, better investment opportunities may exist elsewhere. Price forecasting also helps investors understand the possible return on investment scenarios like 2024, 2025, or 2030. It allows for weighing investment options and setting reasonable expectations.

While predictions are uncertain, analyzing past price data and relevant cryptocurrency market dynamics gives clues on a coin’s potential trajectory. Overall, having estimated price ranges in the future helps shape investment strategies for maximum gains or minimizing risks for holders of VeChain and other virtual currencies.

Factors Influencing VET Price in 2024

Several aspects may impact the VeChain price movement in 2024:

• Wider Cryptocurrency Adoption – Increased institutional and retail interest in digital assets could boost overall crypto market valuations.
• New Partnerships – Onboarding sizable companies to utilize the VeChainThor blockchain would demonstrate growing real-world usage.
• Scaling and Technology Advancements – Enhancing VeChain’s capabilities to handle larger transaction volumes at a lower cost could appeal to more enterprises.
• Financial Performance – Continued strong revenue growth and profitability from VeChain’s various products and services would maintain positive momentum.
• Regulatory Environment – Any unfavorable regulatory actions or geopolitical tensions could trigger sell-offs across the crypto sector.
• Existing Clients – Maintaining and expanding partnerships with the likes of Walmart and Bayer would preserve confidence in VeChain’s long-term prospects.

VeChain Price Prediction May 2024

The VeChain price continues to trade under a bearish influence by recording a correction of 2% within the past day and 9.80% over the past week. Moreover, it has recorded a correction of 25.80% within the past 30 days and its Year-to-Date (YTD) return stands at -0.90%, indicating a bearish outlook for the altcoin in the coming time.

Moreover, the EMA 50-day shows a bearish curve, suggesting a strong bearish sentiment for the altcoin in the crypto industry.

The technical indicator, MACD, displays a constant red histogram in the chart, indicating increased selling-over-buying pressure in the crypto market. Further, the averages show a constant decline in the 1D time frame, suggesting the price will continue losing value in the coming time.

If the bulls regain momentum, the VET price will test its upper resistance level of $0.04500 in the upcoming weeks. Conversely, if the bears overpowered the bulls, the VeChain price will lose momentum and prepare to test its lower support level of $0.03110.

VET Price Prediction 2024

If the crew behind VeChain employs developmental and community-building initiatives amidst Bitcoin’s halving event. A run like that of Bitcoin’s expansion rally can be anticipated. In such a case, the VET price could propel to a maximum of $0.0776 by the end of 2024.

Conversely, possible factors like regulatory concerns could slump the price to $0.0364. That said, a balance in buying and selling pressures could slip the price to $0.0570.

VET Crypto Price Prediction 2024 – 2030

VeChain Foundation, a non-profit organization registered in Singapore in 2017, manages the project. The project is known for its collaboration with major companies.

Such as Microsoft, Shanghai Gas, Walmart China, BMW Group, H&M, and others. VeChain price for 2024 could range from $0.0364 to $0.0776.

VeChain Price Prediction 2025

If it can provide complete integration of the blockchain-based platform with the actual business world. It would be easier for companies to use the blockchain. By the next three years, VeChain’s price might reach a maximum of $0.101.

On the contrary, if the bears flip the uptrend, then the price could plunge to as low as $0.0543. Successively, the lack of propelling initiatives could settle VET at $0.0776.

VET Price Prediction 2026

According to forecast prices and technical analysis, VeChain’s price could range between $0.0865 and $0.134, with an average trading price of around $0.110.

VeChain Price Prediction 2027

Looking forward to 2027, VET’s price could range between $0.105 and $0.177, and an average forecast price of $0.142.

VET Price Prediction 2028

In 2028, the price of a single VeChain token could range between $0.148 as its minimum and $0.213 with an average trading price of $0.180.

VeChain (VET) Price Prediction 2029

By 2029, VET’s price could range between $0.18 as its minimum and $0.262 as its maximum with an average trading price of $0.225.

VeChain Price Prediction 2030

In 2030, VeChain could range between $0.226, hitting a high of $0.300 and an average price of $0.263.

Also Read: Blockchain Research Report: Key Metrics and Insights for March 2024

What Does The Market Say?

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

Fundamental Analysis

Founded in 2015 and launched in 2016, VeChain is a blockchain-based system built to enhance supply chain management and business processes. The project was initially conceived as a supply chain management and anti-counterfeiting system based on blockchain and (IoT) technologies.

In December 2017, the product was rebranded and relaunched as the VeChainThor blockchain for decentralized applications (dApps). VeChain has now established itself as a blockchain service provider for businesses in any industry.

Further, VeChain plans to become a leading platform for initial coin offerings (ICO). And also a platform for conducting transactions between the Internet of Things (IoT) and its connected devices.

What Is VeChain?

VeChain (VET) is a blockchain-powered platform built to renovate supply chain management. It aims to facilitate the best resources to traders, who wish to solve real-world economic problems.

The network owns two native tokens VET and VTHO. The goal is to boost the scalability, efficiency, and traceability of supply chains while directing more control to individual traders.

However, the platform is unique as it aims to overthrow supply chain friction and give an appealing impression to traders.

VeChain Historical Market Sentiments 2018 – 2022

• VeChain (VET) was listed on cryptocurrency exchanges in late July 2018, by August 2018, the price fell to $0.006 and closed the year at $0.004.
• In Q1 of 2019, the price of VET broke out to $0.0079 in March.After pulling back to $0.0056 in April, the asset continued to grow, peaking at $0.0098 in June.
• VeChain price tested its support at $0.0028 in late October. The asset closed the year with a price tag of $0.0056.
• VeChain continued to grow and retested the resistance at $0.0082 in February 2020.On the 13th of March, VET had set a new low at $0.0016 mark.After a steady pullback, VET managed to trade at $0.017 by early August. However, the Bitcoin’s rally pushed the price to $0.018.
• VeChain price commenced the year with its price trading at $0.020. The asset soared to a new ATH of $0.2782 in April 2021.Due to the Chinese market crash on May 19th, the price experienced a heavy pullback to $0.07238.
• In July 2021 VeChain partnered with ReSea to prevent pollution in the oceans. Which took the price to $0.1539 on September 5th, 2021.
• While the Chinese market crisis called for a 23.3% dump, however, the PoA 2.0 upgrade plan pushed the price by $0.1192.An ascend led to the annual closure at $0.0863 for 2021.
• The VET price had commenced its trade for 2022 with a price tag of $0.0823. After moving sideways until the 17th of January, VET faced another fall, which dragged the price down to $0.0457 by the 22nd of January.
• The coin faced a bearish trend for the whole year. VeChain price had a closing trade level of $0.0158 for the year.

Future Outlook and Growth Prospects

The future outlook for VeChain’s price appears bright if the project continues executing its strategic goals and vision over the next few years. As blockchain technology adoption rises globally, established projects tackling fundamental issues like VeChain stand to benefit considerably.

As long as VeChain expands the capabilities of its blockchain platform through regular upgrades and new features, captures more global enterprises across diverse industries, and successfully migrates to proof-of-stake as planned, the long-term growth prospects could far exceed expectations.

Building on the positive momentum from collaborations with major brands, VeChain is well-positioned to cement itself as the future’s premiere enterprise-grade public blockchain network. Achieving that status would undoubtedly mean prices reaching new all-time highs far surpassing previous tops over the coming years.

Conclusion

Based on the factors analyzed, there is a reasonable chance VeChain could reach $0.1 by the end of 2024 if broader market conditions are favorable. Our prediction for the year stands at $0.0776. Prices of $0.05-$0.101 in 2025 and $0.226-$0.300 by 2030 appear feasible if VeChain continuously expands real-world adoption of its platform.

VeChain has established strong foundations and appears committed to developing blockchain-based solutions to power the digital transformation of the real economy. If it maintains focus on strategic execution, delivers on upgrades, and adds more prominent partnerships and use cases, VeChain could emerge as one of the leading blockchain networks of the future. There remains much potential for appreciation over the long term for investors who buy and hold VET tokens

FAQ’s

VET

BINANCE