The native coin of the Vechain blockchain is the cryptocurrency VeChain or VET. The chain has received a lot of coverage recently since it wants to help businesses develop apps (blockchain-based software apps) that function with the Internet of Things.
But what is the future of cryptocurrency? Can we predict the price of VET cryptocurrency? These are the concerns that this piece will try to address.
First, review the cryptocurrency’s recent price history. Even though past performance does not guarantee future outcomes, understanding a token’s past performance and how it has moved to market events can help predict the VeChain price.
According to its ranking, VeChain is a well-liked investment in the cryptocurrency market, but whether it is a good investment for you will depend on your investment goals and level of risk management, among other things. A high-risk and extremely volatile asset is cryptocurrency. Do your research, please. Furthermore, never invest money that you cannot afford to lose.
Prediction of the price of VET
According to WalletInvestor, the price of VET in a year will be less than $0.0025, and the company does not expect the token to increase in value, calling it a “poor long-term (one-year) investment.”
According to the VeChain price forecast from DigitalCoinPrice, the coin may cost $0.0357 in September 2022 and $0.0352 in December.
Nevertheless, the forecaster expects a time frame over the following two to three years, with the coin’s average value being $0.0376 in 2023, $0.0378 in 2024, and $0.0510 in 2025. The currency is expected to keep growing year over year to reach $0.12 in 2030.
According to PricePrediction.net’s VET coin price forecast, the coin will cost $0.033 in September 2022 and $0.036 in December. The forecaster predicts that prices will be, on average, $0.079 in 2024 and $0.055 in 2023. The vechain price prediction 2025 is $0.11.
The site’s VET coin projection anticipates an average of $0.17 for 2026 and $0.25 for the year after. The forecasted average price is $0.38 in 2028 and $0.54 in 2029. The site predicts the average VET coin price in 2030 at $0.77.
Last but not least, Gov Capital expects the price of the VET coin to reach $0.0145 by the end of August 2022, which is more optimistic than negative. Forecasts predict a significant price increase, with the token rising to $0.13 in a year and an impressive $0.77 in five.
What news can affect the future price of VeChain (VET)?
VeChain is not the most ethical business. Investors are encouraged to follow the official statements on the platform’s website because there is little information about the company in the open sources.
For instance, the beginning of cooperation with major retailers, e-commerce platforms, or shipping companies may impact the quotes. Adding new features, partnerships with other cryptocurrency firms, and other things could also affect the price.
The VeChain price is heavily influenced by the state of the general market and the rising volatility of VET, as shown by the chart. BTC tripled in growth while VET increased by more than ten times. However, the market generally rolls back, and the VET price returns to its starting position.
What can I expect in terms of VET price?
One of the riskiest forecasts for October 2021 involved VET. The coin is expected to increase by about 1,200% during the following several years, reaching USD 1.6.
However, this is only anticipated if the market as a whole expands. This prediction is also not without merit. The platform has been operating in the cryptocurrency industry for more than seven years and is slowly but steadily growing. The platform excels at the concept and its execution.
The platform’s primary goal is to assist businesses in managing and tracking their product supply chains (tracking movements between suppliers and clients, quality control, stock taking, etc.).
VeChain mainly collaborates with Chinese and Singaporean businesses, which is why there is little media coverage of the company. Clients of the platform include the Chinese divisions of H&M and PwC. (even the auditor from the Big 4 found an application for the technology).The platform serves a specific market and is evolving steadily. Polkadot price prediction 2030 may cost $100.