VeChain Price Prediction 2024, 2025, 2030

VeChain (VET) has made a name for itself by creating a system that is not just transparent, efficient, and adaptable but also deeply committed to long-term sustainability. Their main goal is to create sustainable ecosystems through trust and collaboration, leveraging technology and digital innovation.

As the excitement for this project grew, so did the VeChain price predictions, especially after their native token VET surged in price back in 2021. With that in mind, this article will look at the token’s price prediction spanning from 2024 to 2030, what’s it used for, what influences its price, and how and where you can invest.

VeChain Price Prediction

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.

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 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 that 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 February 2024, Vechain is trading at $0.03002 and has a market capitalization of $2.1 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.

VeChain Price Prediction 2024

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

Once VeChain trades closer to its launch price, the token 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.

If we’re to make a VET price prediction for 2025, we could easily see trading higher than in 2024. After all, the token is already being used in global industries, from medicine to finance and energy to retail. As digitalization and data become more important, VET’s price will only increase.

VeChain Price Prediction 2030

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.

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.

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 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 digitalized 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?

There are several factors that influence the VeChain price. We’ll now look at the most impactful ones.

Investor Sentiment

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 2024 which will cause a fast return back to risk assets such as cryptos.

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 in 2025, the factors that increase or decrease demand for the coin are important when speculating on its future price movement.

Where to Buy VeChain

The VeChain price prediction for 2025 and beyond is clear. But where is the best place to buy the VET token to try and capitalize 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 lending and crypto staking 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 receive 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 (decentralized 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 Worth the Investment?

Investing in VeChain (VET) could be worthwhile due to its unique blockchain solutions for supply chain management as well as strong partnerships with global enterprises.

However, it’s important to consider the broader crypto market, as there are other coins that might present greater potential for growth. While VET has a solid use case and has shown resilience, the rapidly evolving nature of the crypto sector means that newer projects could emerge with innovations that offer even higher returns.

As with any investment, diversification and thorough research are key to avoiding the possibilities of risks within the volatile crypto market.

Conclusion

Our VeChain price prediction guide, covering the years 2024 to 2030, has delved into the anticipated price movements and the underlying factors that could impact the token’s value. We’ve also covered how to invest in VeChain and the pros and cons of adding this cryptocurrency to your portfolio.

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