VeChain is a Blockchain project founded in 2015 by a software developer team in Singapore. VeChain is an open-source Blockchain network managed and regulated by a Singapore-based firm led by CEO Sunny Lu. Over the past year, VeChain has seen significant growth on its platform. VeChain is written using Ethereum solidity language.
VeChain is a Blockchain project and smart contract platform which aims to optimize the current supply chain industry. The platform lets manufacturers and producers integrate smart devices, including sensors, and then record their Blockchain platform. Currently, there are many limitations and problems in our current supply chain industry.
This is backing manufacturers and distributors to distribute products and goods inside and outside the country. VeChain and other similar cryptos could play a significant role in the future of the industrial revolution. Currently, VeChain has been used in many decentralized applications and has boosted the efficiency of the application.
The platform uses two primary currencies or tokens to manage and create value. Moreover, you can trade this token from any significant exchanges, including Binance. Apart from its use cases on Blockchain applications, you can also invest in VeChain. The coin has provided a significant return on investment in the last couple of years.
Page Contents
What is VeChain?
VeChain is a Blockchain network that provides smart contract features on decentralized apps. Moreover, the platform also has its native cryptocurrency called VET. The vet is such a type of token used in the VeChain platform to manage and create value. The price of VeChain skyrocketed in the last couple of years after it collaborated with multinational companies.
VET or VeChain token has been listed in various bigger exchanges from where you can easily buy, sell and trade VET coins. Currently, the price of one VET token is around $0.09. It is expected to skyrocket in the coming year. The token has seen a significant rise after collaborating with Microsoft, Shanghai Gas, BMW group, Wall-mart and H&M.
It has provided a good return on investment to their investor in the last couple of years. In this article, we will discuss the price and performance of VeChain in the past year. Besides this, we will also analyze and predict the price of VeChain for the next 10 years.
Overview
VeChain (VET) is a cryptocurrency known for its Blockchain-based supply chain management and anti-counterfeiting system. VET has been listed in 25 different exchanges, including Binance, KuCoin, WazirX and BitMart. VeChain is the 31st largest coin by market capitalization. It has a market capitalization of $6 billion.
There are over 64 billion coins in circulation and a maximum circulation of 85 billion coins. The coin has an all-time high of around $0.27 and an all-time low of $0.001. Since it’s launched, it has provided over 800% in return.
VeChain price Analysis
The price of VeChain depends on the trade and innovation of the platform. Even a single investment on the platform could skyrocket the price of VeChain. But, we can’t deny that VeChain has good fundamentals and has the potential to optimize the entire supply chain and management industries.
The price of VeChain has decreased so much after the recent regulation and ban from China. However, the price of VeChain is slowly recovering and trying to break its current support. Sooner or later, it would surely break its support of $0.09 and skyrocket afterward. The price of VeChain and other cryptocurrencies are correlated with Bitcoin. Similarly, if Bitcoin recovers its price, VeChain will also rebound to its original price.
Price prediction of VeChain
VeChain price prediction 2023
Recently VeChain (VEM) was renamed as VeChain THOR (VET). Currently, the price of VET is too much volatile after the lots of market crashes. The cost of VeChain skyrocketed after they announced their collaboration with BMW.
Moreover, many companies are planning to integrate VeChain Blockchain technology into their system. This could further push the price of VeChain in the coming years. If our prediction is correct, VeChain is expected to hit $0.5 by 2023.
VeChain Price Prediction for 2025
The price of VeChain is increasing with an average of 40% besides the market crash. If we ignore the market crash, we could see that the price of VeChain is rising at the rate of 40%. Considering this, we could expect the price of VeChain to hit above $0.6 to $0.9.
VeChain price prediction for 2027
In the investment world, there is a saying, “The longer you invest, the larger you get in return”. Similarly, if you plan to invest in VeChain for a more extended period. Then, it is necessary to consider the fundamental of the coin. While talking about the VeChain fundamentals, they are listed among significant projects with great potential. The price of VeChain is expected to hit $1 by 2027 if it receives the same support from developers and big companies.
VeChain price prediction for 2030
10 years from now crypto market could be much bigger than US stock exchanges. While talking about the VeChain, it is expected to break all its records. By 2030 we could expect the price of VeChain to be around $2.
Conclusion
I hope that you have read the full article about VeChain, its history overview, and price prediction. Now you have got some insight about VeChain before investing.
Before you invest in crypto, make sure that we are not a financial advisor to decide what’s right and wrong for you. Investing in crypto is risky due to high volatility in the market. So, before investing, do your own analysis and then invest.
