Today, Asia is one of the main hubs of blockchain development and some of the brightest cryptocurrency projects and VeChain is one of them. Moreover, the native token VET has succeeded in the crypto c\space and also emerged as one of the good & profitable investment offlet.
But what can we expect from Vechain in the future? Will the Vechain price surge or plunge in 5 years?
These are the basic queries any trader wants a proper way out. Therefore, in this article, an explanation on VeChain and its future prospects in terms of fundamental growth and price surge is covered. Hence, this piece of composition may assist you in decision making as to how best you can allocate VET in your portfolio.
Table of contents
- VeChain Price Prediction 2022
|Price(At the Press time)||$0.1955|
|Circulating Supply||64,315,576,989 OGN|
|All Time High||$0.2782 (April 17, 2021)|
|All Time Low||$0.001678 (March 13, 2020)|
Fundamental Analysis of Vechain
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 VeChainThor blockchain for decentralised applications (dApps).VeChain has now established itself as a blockchain service provider for businesses in any industry.
VeChain Foundation, a non-profit organisation 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.
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.
Also Read: Origin Protocol Price Prediction, Will OGN Price hit $10 by 2021?
Vechain Price Prediction 2021
VeChain commenced the year with its price trading at $0.020. It is currently trading at $0.1941. VeChain might reach $0.2 by the end of May. The price might remain stable with $0.02 with certain fluctuations until the mid of 2021.
As indicated by VeChain’s highly diverse partnerships, the blockchain platform sets out to bring the advantages of decentralized applications and smart contracts to a large number of different industries.By 2021, VeChain might reach $0.42 to $0.5, which may move VET upwards in the ranking order.
VeChain Price Prediction 2022
VeChain might initiate the year with the price of $0.44 and may continue to be in the same range of $0.04 with slight fluctuations until July. The price may surge to $0.5 and might continue the same trend for several months. At the end of 2022, VET might reach $0.7 to $0.8 and with an extreme bullish trend, the price may also get much closer to $1 too.
Price Prediction For The Next 5 Years
VeChain is in progress mode to build a blockchain-based platform that does not only limit itself to the digital world but also can integrate with the actual business ecosystems as well. This would ensure that enterprises would be able to control various functions with the assistance of this blockchain.
If it is able to provide complete integration of the blockchain-based platform with the actual business world, it would be easier for the companies to use the blockchain. By 2025, VeChain might reach $5. On the contrary if the bear market flips the uptrend, then the possibility of the price plunging to as low as $0.25 to $3 rises.
Market Prediction For Vechain
1) Wallet Investor
According to Wallet Investor, VeChain is expected to trade in between $0.191 and $0.314 in the coming year. Moreover, the price is expected to hit $0.862 by the end of 2026
2) Digital Coin Price
Digital Coin Price is one of the more bullish experts expecting a VeChain growth to eventually lead to a price of $0.2855 by the end of 2021. And by the end of 2025, the price is expected to smash $0.5695.
According to coinswitch, the VET price may reach $0.38939 by 2023 and plunge to $0.1 levels by 2025.
According to Primexbt, by the end of 2021, the price is expected to trade around $0.4. Further, the price may experience an extreme pull back which may drag the price below $0.1 in 2022-23.
Our Vechain Predictions
VeChain (VEN) has been officially re-branded to VeChain THOR (VET) this year itself and even announced that it will be teaming up with the international car company BMW. VeChain Thor enables businesses to track their products throughout its entire supply chain cycle with the help of the blockchain. This aids in the assurance of quality and authenticity of the products.
By the end of 2021, it is expected that VET might reach $0.5, which can be regarded as an optimistic prediction, considering its current value.
Also Read: NEM Price Prediction, Will The XEM Price Hit $1 In 2021?
Historic Market Sentiments
VeChain (VET) was listed on cryptocurrency exchanges in late July 2018 and traded in the range of $0.02-$0.026. However, VeChain soon broke out of that range and experienced increased volatility.
From the beginning to the middle of August, the price fell to $0.006 per VET. A rebound immediately followed the decline, hitting $0.0198 by September. Unfortunately, the rebound was temporary and was followed by a prolonged recession. By December, the price had dropped as low as $0.0033. VeChain closed the year at $0.004.
In the Q1 2019, the price of VET was stuck in the $0.0036-$0.005 range. In March, the cryptocurrency was able to break out of the range and grow to $0.0079. After pulling back to $0.0056 in April, the asset continued to grow, peaking at $0.0098 in June.
VET could not hold these heights and slid down before it established support at $0.0028 in late October. As the asset found new ground, it recovered quickly and met resistance at $0.008 in November. Its first attempt to rise above this mark didn’t end well and led to a pullback to $0.0046.
The second attempt led to the same result. After running up against resistance at $0.008, VET fell to its previous support of $0.0046. The asset closed the year with a $0.0056 price per coin.
From the beginning of the year, VeChain continued to grow and retested the resistance at $0.0082 in February. Unfortunately, at that point, the entire market had rapidly declined. On 13 March, VET set a new low at $0.0016 mark.
After that, the cryptocurrency started to grow slowly but surely. On 11 June, VET broke its resistance at $0.0082, and buyers pushed the price as high as $0.022 in July. A slight pullback followed to $0.0146.
After a steady pullback, VET managed to trade at $0.017 by early August. Further the price managed to be at $0.0021 by the mid August and further plunged to $0.0016 by the end of August. As bears held the market, the VeChain’s price continued to decline for several months until the end of November. Later, surged to $0.018 as the expansion of Bitcoin’s price rally and further started declining. VET continued to trade at $0.015 by early December and managed to reach $0.019 by the end of 2020.
VeChain can go as high as $0.05 in 2021 according to expert price forecasts and technical analysis signals.
VEN tokens at that point changed into VeChain Thor (VET), which exchange value across the VeChain network.
Estimate growth is all over the map for VET tokens, but long term projected value reaches as high as $0.07 per VET coin.
There is no real minimum and maximum to invest. VeChain tokens are cheap, and platforms like PrimeXBT only require a low deposit of 0.001 BTC to get started.
Estimate growth is all over the map for VET tokens, but long term projected value reaches as high as $0.07 per VET coin.
Here’s What’s Next for Chainlink, Curve, Skale, The Graph, THORchain and VeChain, According to Analyst Michaël van de Poppe
Crypto strategist and trader Michaël van de Poppe has high hopes for a handful of altcoins amid Bitcoin’s (BTC) recent rally to new all-time highs.
In a new strategy session, the prominent trader begins by outlining his latest analysis on the native asset of the decentralized price feed service Chainlink (LINK).
“At this stage I think that Chainlink is still in the area of interest if you want to get a position on this one. I think that’s completely fine, it’s just ready for a breakout.”
At time of writing, LINK is valued at $28.79, up 5% on the day but flat over the past week, according to CoinGecko.
Next on the trader’s list is Curve DAO Token (CRV), the asset powering the automated market maker protocol of the same name.
He expects the coin to move sideways in the short-term before a fresh breakout begins.
“Curve has been seeing this beautiful retest here, a beautiful structure in which we are most likely going to see continuation towards resistance here, before we have some slight consolidative periods towards the area here and then we are going to break out at some stage later.”
CRV is priced at $2.90 at time of writing, down slightly from its weekly high of $3.05.
Next, van de Poppe looks at the decentralized application (DApp) protocol Skale (SKL), which is designed to help developers bypass congestion on the Ethereum network.
He thinks SKL will begin to rise next month.
“We are most likely in November going to have this breakout towards… 1400 sats before we are going to have the new impulse, new probably final impulse wave, on Skale.”
Right now SKL is going for $0.34, up 11% from its 7-day low but down 25% from the high of $0.42, according to CoinGecko.
Van de Poppe next analyzes the chart for decentralized blockchain indexer The Graph.
“This one is also on the list. [It] has been underperforming in the past months, and actually in 2021 has seen [only] one impulse wave. But if support sustains here… if it continues to make higher lows, then there is a most likely breakout going to take place.”
Currently GRT is valued at $0.88, down 5% from its weekly high but up over 30% from its low of $0.70.
The crypto analyst says he’s looking for the decentralized cross-chain liquidity protocol THORchain (RUNE) to post a higher low, which would suggest another move to the upside is in order.
“When I see this big bounce back up I’m assuming that we’re going to grant ourselves some slight consolidation, grant ourselves a higher low, and then we start continuing.”
RUNE is going for $8.71 at time of writing according to CoinGecko, which is just shy of its weekly high after a low of $7.25.
As for the supply chain platform VeChain (VET), van de Poppe says he’s sticking to his prediction at the beginning of October and looking for the coin to fall to at least 0.00000149 BTC [0.094] before a sustainable uptrend can begin.
“Still waiting on VeChain (VET) to hit those levels.”
VeChain (VET) Stake Holders Have Spoken Mainnet Upgrade by End of October
VeChain’s stakeholders have spoken. The all-stakeholder vote to implement the first phase of PoA2.0 on the VeChainThor mainnet has ended with an overwhelming majority of 737 voting of ‘Agree’ Thank you for taking part! Mainnet will be upgraded by the end of Oct.
Community Response: When Coinbase listing? Look – VET is on Binance and what is currently #1 Crypto Exchange? Why would we need Coinbase listing when we are already on the Top.
Excellent work team. Are you able to provide an estimate of a completed POA 2.0 upgrade? Even if a loose estimate? End of October they said. I think the end of October only refers to this particular step in the upgrade, not the entire POA2.0 migration.
Vexchange=done, poa2.0=done, price=0.12 Seems 0.26 is the top. I enjoyed the ride.
The all-stakeholder vote to implement the first phase of PoA2.0 on the VeChainThor Mainnet has ended with an overwhelming majority of 737 voting of ‘Agree.’
What are the direct benefits for enterprises after Phase one is launched on Mainnet? What difference does it make for your node? Is it more security or more TPS? Now we are getting somewhere.
Otherwise, Sunny Lu, CEO and Founder of VeChain stated “Everything is connected or to be connected.” BMW x DHL x VeChain.
The good news is that DHL has chosen the VeChainThor blockchain for their NFT collection. As a trend pioneer, DHL China has permitted everyone to customize the DHL mascot and mint it as a NFT on the VeChainThor blockchain.
Community Response: You’re not an NFT company man, begin announcing supply chain contracts.
This is just the beginning of a robust eNFT ecosystem and VeChain are looking forward to future collabs with the DHL team.
You are not an NFT company man, start announcing supply chain contracts.
$VET prediction for short – mid-term is looking really bullish. Bullish cross 20 and 55 EMA in daily time frame.
Was expecting something a little more exciting than this. Is it really worth announcing? Shows a good partnership with DHL China but that’s about it. Who would want to customise and mint the DHL Mascot? At least provide some substance to the ‘news.’
VeChain has a growing expertise from years of live commercial use cases, which ensures that VeChain will play an ever more vital role in tackling the challenges of global food equality in delivering United Nations SDGs. Apart from this, VeChain has been doing a lot in terms of improving the competitive advantage for sustainable brands. The possibilities with VeChain are improved because of its capabilities to create and deploy smart contracts on VeChain.
Top Crypto Analyst Unveils Massive Polkadot Prediction, Issues Cardano, Solana and VeChain Price Alert
Crypto strategist Michaël van de Poppe is extremely bullish on Polkadot (DOT), while warning several popular altcoins may face further corrections.
The trader and analyst tells his 442,000 Twitter followers that DOT appears “programmed” to rise above $100 in the current market cycle.
Using a Fibonacci extension model, he outlines $75 and $115 as potential targets.
“If we assume that the area around $37 is going to hold as we are into a bull cycle, you could wonder whether you could be getting into the markets already or whether there’s a retest. So you derive a potential scenario of potential lows and potential gains. So for you, the [upside] targets are $75 to $115…
If you analyze the fact that we are going to sustain at around $38, then the potential loss and invalidation is this previous low at $32.”
As for Cardano (ADA), Van de Poppe says the fifth-largest crypto asset by market cap is sending bearish signals on the Bitcoin (BTC) chart.
“Cardano against Bitcoin is showing heavy run-up, bearish divergence here, and currently showing weakness resulting in overall downwards momentum.”
The cryptocurrency analyst says that a buying opportunity may present itself if support around 0.00002930 BTC holds, which is worth about at $1.75 at time of publishing.
“The crucial area that I want to see sustained is overall this level [at $1.75]. If that is going to hold here, which I might find tricky, then I’m looking for anything in these regions for potential long entries.
If that one is lost, I think we’re going to look at the area around 0.0000150 BTC [$0.90] and 0.00002 [$1.19] BTC before we’re going to get bullish all over again.”
Next up, Van de Poppe says he expects Solana (SOL) to experience “heavy correction.” According to the crypto analyst, the ideal opportunity would be after Solana corrects by about 67%, falling to around the 0.00135 BTC level on the SOL/BTC chart, which is currently valued at $80.40.
“Solana, same picture. Heavy correction most likely going to take place.
I practically have one area that I’m looking at to buy Solana at this point. It’s this region (0.00135 BTC). I’m not interested in Solana until there. That’s a corrective move of 67%.”
The cryptocurrency analyst also looks at supply chain management blockchain VeChain (VET), which he says is trending downwards.
“What we can see in this cycle too is that we are making lower highs [and] lower lows. And we are also rejecting previous support for resistance all the time.”
According to Van de Poppe, the “best potential entry point” on the VET/BTC chart is either the 0.00000110 BTC level or at 0.00000150 BTC, worth $0.066 and $0.089, respectively.
“Best potential entry point for me is around 0.00000110 BTC [$0.066]. I’m looking at an entry point in this region. If we get there in November and December, that would be absolutely amazing if that is going to be hit.
Second one – that’s this entire zone that we have here. We dipped in it already and that is the zone around 0.00000150 BTC [$0.089].”