VeChain (VET) has been dubbed to be the backbone of the fourth industrial revolution. Its ecosystem helps to solve major hurdles in trustless data for global industries ranging from finance, energy, food and medicine.
Interest in a VeChain price prediction has also increased exponentially after the VeChain native token VET surged more than 15,000% last year. In this ‘VeChain Price Prediction 2023 – 2025’ article we detail the key factors to know for VeChain price predictions today.
VeChain Price Prediction 2023
Throughout the 2022 bear market, global assets such as the stock market and cryptocurrency fell as investors and algorithm-based systems adjusted to a world of higher interest rates. This has led to some digital assets trading at interesting price levels now that could rise over the next few years.
|𝒱 Coin Name||VeChain|
|🔆 Coin Symbol||VET|
|⏳ Price Change 1h||0.44%|
|🌕 Price Change 24h||2.41%|
|💵 Market Cap||$1,800,713,516|
|🌐 24h Volume||$51,333,789|
|🔄 Circulating Supply||72,714,516,834|
|💰 Total Supply||85,985,041,177|
VeChain Price History
VeChain launched in late 2018 but has since become the 33rd largest cryptocurrency with a market cap of more than $1,841,975,837 (USD). However, the VeChain price history has been volatile.
Since launching at a price of $1 in 2018 the digital coin was trading at $0.03 by the end of its first year. In 2019, not much happened with the VET coin price prediction as it traded in between $0.01 and $0.002 but did end the year positively.
The boost higher was mainly due to the VeChain Thor Upgrade v.1.1.2. This was a hard fork which helped to improve network performance and correct different errors.
In 2020, the price of VeChain dropped to an all-time low of $0.001 during the pandemic. Interestingly, the coin exhibited the same characteristics as global stock markets and since rallied higher.
By April 2021, the price of VET had surged 15,000% higher to a multi-year high of $0.278 but still not at its all-time high price level.
The surge in price also came at a time in which the VET token was listed on cryptocurrency exchange Crypto.com and became available to trade on margin with Binance. Several other listings during the year helped the coin rally significantly.
After listing on Reddit in April 2021, the price of VET started to collapse and has been in a bear market ever since – down around 90% from its multi-year high. Another hard fork in June 2021, helped the VET price rise but only briefly.
As of April 2023, Vechain is trading at $0.024 and has a market capitalization of $1.7 billion.
From a VeChain technical analysis perspective, the current price of the coin is now trading at significant support levels, with several of the most popular technical trading indicators showing a bullish divergence in price.
Some of VeChain’s most significant events include:
- VET launches in 2018 to disrupt traditional business and provide an ecosystem to solve major data issues by capitalising on the benefits of trustless data
- July 2019, the first hard fork for the VET token takes place to improve network performance
- April 2020, Vechain launches its token on cryptocurrency exchanges Crypto.com and Binance, followed by Bitcovia in March 2021 and Reddit in April 2021
- May 2021, another hard fork takes place to improve the performance and distribution of the coin
- December 2021, the VeChain token is listed on another cryptocurrency exchange WhiteBIT
- November 2022, VeChain was trading at $0.022 with a market cap of $1.6 billion.
- April 2023, Vechain is trading around the $0.024 range with a market cap of $1.71 billion
VeChain Price Prediction 2023
The VeChain Foundation recently introduced a new mechanism called “fee delegation.” This mechanism eliminates the need for transaction fees for users of the VeWorld online wallet when they send or receive cryptocurrencies.
This move is expected to provide a more user-friendly experience for developers and enthusiasts and aligns with the foundation’s goal to bolster the mainstream adoption of blockchain technology.
VeChain has partnered with Boston Consulting Group (BCG), a management consulting firm in the United States, to evaluate VeChain’s operations and guide how to enhance the business’s sustainability approach. VeChain has also joined hands with DappRadar to allow dApps operating on the VeChain network to have cross-chain visibility.
The VeChain (VET) price has moved pretty much sideways and is attempting to hold above the 20, 50, and 100-day DMAs to attain the 200-day DMA. The cryptocurrency fell from the upper resistance level of $0.0286 to $0.019 during the distribution period but later rose towards $0.0244 before falling again.
On a technical front, VET’s price is expected to fall in the short term. The MACD line shows an increasing tendency. Investors should wait for the start of the cryptocurrency surge and monitor the resistance and support levels of $0.025, $0.030, $0.0229 and $0.020 respectively. If the token manages to sustain the $0.025 level without any immediate consolidation, investors can expect the token to climb to the next resistance level.
VeChain Price Prediction 2025-2030
Once VeChain trades closer to its launch price, a VET token price prediction could grow exponentially. As the whole ecosystem is designed to tackle data challenges in the supply chain sector, the use of the token has real-world applications.
A VET price prediction 2025 could easily see the coin trading around $1. While this may be a bullish VeChain 5 year prediction the potential is there as one of the oldest platforms dedicated to smart contracts.
A VET price prediction 2030 could easily see VET trading higher. After all, the token is already being used in global industries from medicine to finance and energy to retail. As digitalisation and data become more important VET price predictions will only increase.
Some analysts are calling a VeChain price prediction $75. This is a big call but not without reason when taking into consideration the ToolChain platform and unique dual token setup. However, the market cap would take it above Bitcoin in this instance. As momentum swings in the coin’s favour, many analysts and crypto investors will be asking how much VeChain coin will be worth.
Considering VET rallied around 15,000% higher last year a VeChain price prediction 2040 could be very high but as a disclaimer, it is important to know the coin is very volatile.
Potential Highs & Lows of VeChain
Below is a summary of a VeChain price prediction long term over the next few years. This includes the most critical price levels to keep an eye on and the maximum price and minimum VeChain price predictions.
|Year||Potential High||Potential Low|
What is VeChain Used For?
VeChain is an enterprise-grade smart contract platform. Its aim is to use distributed governance to create an ecosystem to deal with data issues for global industries and the Internet of the Things (IOT). This is done by its unique system of using trustless data between participants in real-time.
Another unique element of the VeChain ecosystem is the fact it is a dual-token coin (VET for VeChain and VTHO for VeChainThor Blockchain) which helps to reduce the impact of market speculation.
Currently, Vechain is commonly used in the supply chain management sector across a variety of different fields. For example, VeChain announced a partnership deal with the world’s largest global freight company Kuehne & Nagel which will use the VeChain blockchain technology to track ownership information.
VeChain has also partnered with French multinational luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton and is currently working with many of its top brands. Projects include implanting chips into luxury bags to verify if they are genuine or not.
Car manufacturer Renault is also using VeChain blockchain technology in partnership with Microsoft and Viseo. Combined, they have provided the world’s first digitalised car maintenance book which is tamper-proof and has detailed traceability.
VeChain and the VeChain Foundation are working with many more companies including BMW Group, Walmart China, H&M, DB Schenker, China Unicorn, Direct Imported Goods, BYD and many others.
What Drives the Price of VeChain?
To answer the question of when the VeChain price prediction next bull run will be, it’s important to understand what drives the price of the token.
Every asset moves based on the supply and demand of different investors which is influenced by overall market sentiment. In 2022, investors rotated capital out of risk based assets such as stocks and even the most promising cryptos back into safe havens like the US dollar.
This was largely due to rising interest rates across the world where investors can get a higher rate of return. But, the pace of interest rate hikes is likely to slow by the end of the year which will cause a fast return back to risk assets such as cryptos.
Identifying the cryptocurrencies that have a strong utility now could help to answer how much VeChain will be worth in the future.
Growth in VeChain Ecosystem & Global Supply Chain
VeChain’s blockchain ecosystem is already being put to use by some of the biggest companies in the world such as LVMH, BMW Group, DB Schenker, Kuehne & Nagel, Groupe Renault, BYD and many others.
As the VeChain ecosystem helps to improve the current global supply chain – which hasn’t been updated in centuries – it’s already set to grow exponentially. This is because the world’s global supply chain market is expected to grow to $31 billion by 2026.
Whether a short term trader looking for a VeChain price prediction next week or a long term investor looking for a VeChain price prediction 2025 the factors that increase or decrease demand for the coin are important when speculating on its future price movement.
VeChain Video Analysis
Where to Buy VeChain
The VeChain price prediction 2025 and beyond is clear. But, where is the best place to buy the VET token to try and capitalise on its growth? While there is a wide range of cryptocurrency exchanges one of the best places to purchase VET tokens is with Crypto.com.
Crypto.com is the world’s fastest growing crypto app and boasts more than 50 million crypto traders. Users can purchase more than 250 cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC), altcoins and stablecoins. Fees range from 0.04% to 0.4% providing a good average price to trade crypto volatility.
The Crypto.com app also allows crypto holders to use crypto staking and crypto lending products and earn up to 14.5% per annum (pa) in rewards or 8.5% pa on stablecoins.
One of the standout features of the exchange is the Crypto.com Visa Card. This card has no annual fees and you can received up to 5% cashback on your purchases if you have a large enough stake in Crypto.com’s native coin CRO.
For more advanced crypto investors, Crypto.com provides a range of DeFi (decentralised finance) services. This includes a DeFi Wallet investor and DeFi Earn and DeFi Swap to triple the yield on your DeFi assets.
The Crypto.com app is simple to use and provides a lot of features to purchase, swap and receive cryptocurrencies. Users can also use the Crypto.com Exchange for better pricing, faster trading and more expert tools.
Cryptoassets are a highly volatile unregulated investment product.
Is VET the Best Token to Buy in 2023?
While VET has the potential to offer high returns, there are two new cryptocurrency tokens that we recommend as the best new assets to buy in 2023.
Love Hate Inu
Love Hate Inu is making waves in the memecoin world as its presale approaches its $10 million fundraising target, an impressive performance considering the presale began in March 2023. Love Hate Inu is striving to shake up the online survey industry, which reached a value of $3.2 billion in 2023 and is projected to maintain a compound annual growth rate of 14.6%.
This all-new project is the first to introduce a new GameFi concept called vote-to-earn, providing real-world utility through a secure and transparent platform for voting on societal issues and rewarding users with tokens.
LHINU aims to establish itself as the ultimate voting token, capable of recording unchangeable outcomes on the blockchain. By doing so, they aim to guarantee transparency that is immune to the influence of spam accounts, artificial intelligence bots, and trolls.
To participate in the voting, users must stake their LHINU tokens, and earn rewards in return. Staking helps prevent spam and manipulation attacks on the polls and provides anonymity for users to express their opinions without fear of judgment. The team has also implemented a real-time staking mechanism that uses a 30-day average balance of users, allowing every user to gain voting power over time.
The price of LHINU tokens will increase during each stage of the presale, providing those who invest early with a higher return in unrealized gains. The project recently revealed its CEO, once it reached the $3 million milestone.
Love Hate Inu is positioning itself as a leading player in an industry that is projected to grow to $5.7 billion by 2027. During the presale, the project is offering 90% of the total token supply, with the aim of achieving decentralization and safeguarding the community against a rug pull. The remaining 10% of tokens will be used for adding liquidity to exchanges, covering listing fees, and rewarding the community.
Love Hate Inu recently organized an AMA with its CEO – Carl Dawkins, who answered all questions people had about the project. Over 1k users tuned in to listen to the AMA, which shows the rising interest in this asset.
Now is one of the best times to invest in crypto projects that are set to outperform over the next few years. Trying to capitalise on the early growth of a project is key to receiving the best rewards. While VeChain has been around for a while, there are new crypto projects that are set to grow massively over the next few years.
Love Hate Inu is another leading crypto that you can invest in right now. This presale crypto presents huge upsides thanks to its unique approach to memecoin and DAO fundamentals.
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