VeChain Price Prediction 2023-2032

• VeChain Price Prediction 2023 – up to $0.037
• VeChain Price Prediction 2026 – up to $0.11
• VeChain Price Prediction 2029 – up to $0.35
• VeChain Price Prediction 2032 – up to $1.01

After the carnage that left LUNA and UST hanging on for survival, VeChain made their enticing offer to Terra LUNA developers: a $30K grant to migrate their Layer1 chains to VeChain. Additionally, the post also describes VeChain as a rapidly growing enterprise-grade public blockchain with 100% uptime. How can the current crypto exchange debacles affect Vechain Price Prediction?

This #VeChainThorsday, they will be joined by #MultiChain#Metaverse project, @metatun_vet to discuss their social gaming platform built using the #VeChainThor#blockchain!@TheVirtualFlame will host Enigius and Jvan on http://discord.gg/VeChain, 31 Mar 8PM UTC!

VeChain Foundation’s grant covers a wide range of topics that include ‘application development, tools & infrastructure, and blockchain-related research.’Each stand-alone project has an allowance of up to $30K with a possible 50% bonus for Economic X Node. We will see in the coming days the effect of this social media ploy and whether it will increase investors’ interest in VeChain.

The incoming upgrade has already increased bullishness around VeChain and led to gains as soon as it was announced; investors are also keen to learn where the network might go from here. One criticism of the “vulture-like offer to Terra” could indeed boomerang: Some users are beginning to doubt whether the VeChain platform has a development structure as it went to extra lengths to encourage Terra developers to join the company.

VeChain network’s NFT bridge has officially gone live on mainnet, opening up VeChainThor’s vibrant NFT community to new blockchains and communities! More events are in store for the avid VeChain community.

How much is VeChain worth?

Today’s VeChain price is $0.02361 with a 24-hour trading volume of $67,186,529. VeChain is up 0.15% in the last 24 hours. The current CoinMarketCap ranking is #36, with a live market cap of $1,712,125,083. It has a circulating supply of 72,511,146,418 VET coins and a max. supply of 86,712,634,466 VET coins.

Can VET reach $1? VeChain could easily reach $1 or even higher within the next few years if the network continues to grow at the current pace. Of course, anything can happen in the crypto market, so this is by no means a guarantee. So, the question should be for any crypto project: what is its growth potential? We don’t exactly care for the surge but for the sustainability of the project.

If you want to stay on track, you may follow VET on Medium.

Also Read:
• How To Buy Vechain?
• How To Stake Vechain?

What is VeChain?

VeChain is a blockchain-based company for creating efficiencies across supply-chain management and logistic processes. The blockchain implements distributed ledger technology (DLT) to deploy bright, complex supply-chain solutions. 

Sunny Lui founded VeChain and the VeChain Coin as a robust solution for deploying a decentralized infrastructure of data management applications and the Internet of Things. The founder wanted to solve a highly fraudulent supply-chain industry and resolve economic issues.

Vechain’s applications keep growing, and the project’s scope has broadened. Vechain blockchain features two tokens that are distinct at large and serve different purposes. The Vechain Token (VET) and the VeChainThor Energy (VTHO). 

• VTHO is the energy or gas for driving smart contract transactions
• VET is the native token (or digital currency) for transferring value across the network

VeChain Growth

Vechain was founded in July 2017 and incorporated in Singapore. The VeChain Foundation manages the project. Before its inception back in 2015, Vechain was only a project idea for tracking luxury goods to prevent counterfeits. 

VeChain, an Asian project, is extending its IoT and supply chain-oriented platform through the development of the VeChain Thor blockchain. The platform’s main objective is to become an enterprise-driven blockchain ecosystem whose primary focus is the governance and usability of smart contract services.

Today, the project conducts business around managing enterprise information across diverse companies.

This information is crucial for product verification, supply-chain transparency, and transfer of value and trust across its network.

The following are critical features of the Vechain blockchain that highly influence the Vechain price forecast: 

• Vechain is an enterprise-based blockchain that intermediates data through the Internet of Things (IoT) and provides transparent information about organizations, products, and services. 
• Vechain has a vision of leading the next generation of Initial Exchange Offerings (IEOs) and Initial Coin Offerings (ICOs) by taking advantage of smart devices on the Internet of Things.
• Vechain blockchain has two tokens, its gas VTHO, and its native token VET. 

VeChain Overview 

VeChain Structural Developments

An upgrade called Surface will see the network build up security measures and adaptive tools. It will do this with the implementation of a consensus reached PoA2.0.

An alternative to algorithms like Proof-of-Work (PoW) or Proof-of-Stake (PoS), PoA2.0 will finalize transactions securely, thanks to a three-pronged validation approach combining computer-generated randomness, committee-based blockchain production, and a passive block confirmation process.

These seemingly complicated components allow for a more secure and final blockchain that no one can manipulate.

VET, the native coin of VeChain, is up 10% today as investors become bullish on the upgrade prospects; the coin now rests at a value of over 12 cents. But where might the crypto be heading in the future, given the upgrade passes and sees implementation? Let’s take a look at some VeChain price predictions and see what analysts are thinking.

Understanding VeChain and VET Coin

Vechain intends to use blockchain technology to create a trust-free and decentralized business ecosystem that favors the transparent flow of data, high-speed value transfer, and efficient collaboration across business processes. 

Technology firms have normalized compartmentalizing businesses on the supply chain data into silos. These silos cater to multiple stakeholders. As a result, this affects the flow of information divided among participants. Some use applications of the VeChain platform are the following:

• VeChain’s whitepaper suggests blockchain technology should allow ownership of data to empower both ends of a transaction.  And therefore, break the asymmetric information problem. 

• The blockchain effectively deploys information about products, business processes, storage, organizations, and transportation. This eventually creates greater market transparency and makes it convenient for market participants to transact. 

• The VeChain blockchain is used across diverse industries to track quality, storage data, temperature, authenticity, last-mile delivery, and transport medium logistics. It achieves this by implementing Radio Frequency Identification (RFID) sensors and tags. Authorized Supply chain participants can access these pieces of information anywhere and in real time.

• VeChain allows product manufacturers and merchants can constantly track and monitor all parameters with sensors and tagging.

• The sensors ensure that product manufacturers and merchants can constantly track and monitor all parameters from manufacturing and packaging to delivery.

• If a problem is encountered along the way, the blockchain communicates back to an authorized person.

Both VeChain (VET) and VTHO are run on the VeChain Thor Blockchain platform. Both means of value transfer are decentralized and can be used by decentralized applications already hosted on the VeChain blockchain.

VeChain seems to have borrowed its dual token idea from Ethereum’s Ethereum (ETH) and NEO gas. However, unlike Ethereum’s lack of predictability when estimating transaction fees, VeChain builds upon a predictable economic model for simplifying decentralized finance. 

What can you do with VeChain? 

• Enterprises – The blockchain has already built a support infrastructure to help the growth of enterprises by bootstrapping underlying technology, utilities, and services. 
• Community – The blockchain supports community developers and blockchain programmers to kickstart their projects on the ecosystem and bring about diversity across the platform. 
• Institutional Partners/regulators – to support its mission of helping startups, incubation partners, and venture capitalists bring in their input regarding expertise, resources, and capital.

The transaction token on the blockchain is the VET utility token. This design is highly in favor of businesses dealing with large volumes of settlements. However, the following are different ways your business can adopt Vechain in its ecosystem. 

Food and Beverage Businesses

• Owners of food and beverage enterprises can use Vechain’s ecosystem to transact transparently. 
• The blockchain allows them to scan QR codes on their preferred products and the system automatically provides consumers with desired information about the product. 
• Such information includes geographical location, inspection reports, dates, ingredients, source of ingredients, and cryptographic data. 
• As a result, a brand will improve transparency on its supply chain to reduce costs for third-party verification and collaborate with other participants, such as insurance firms and financing institutions. 

Startups

• Vechain’s blockchain has put various systems to help startups bootstrap growth from scratch. 
• Startup founders will find tools for technical documentation and acquire direct support from Veechain’s support team. 

Digital Vehicle Management

• Uber sparked a fleet of vehicle management companies. Vechain provides users with an effective digital vehicle passport solution that stores and secures crucial data throughout the lifetime of an automobile.
• Financial institutions, vehicle manufacturers, insurance providers, vehicle repair enterprises, and technical experts can use the Vechain blockchain for the authorized sharing of data. 
• This will make information about ownership, servicing history, and usage more transparent across the automobile industry. 

Luxury Product Manufacturers 

• VeChain creates unique identity links between their brands and their physical products.
• Luxury product brands compete for market attention by creating high-value product designs. 
• Brands can now use VeChain to establish a unique identity link between their brands and their physical products. The links are customized using smart NFC tags. 
• Finally, competing brands can implement the blockchain’s product verification to boost the traceability of stolen goods across the supply chain.

VeChain Fundamental Analysis

Determine if a coin is undervalued or overvalued by looking at different factors affecting its intrinsic value.

Fundamental analysis is an excellent way to understand how the market affects prices crypto values always change. We need to look at whether a coin is overvalued or undervalued. VeChain is a promising blockchain company, but why should VeChain be a part of your portfolio?

Before investing in any cryptocurrency, here are factors to consider: 

• The utility of the coin – Read through the coin’s whitepaper and identify what problems it solves. Find out whether the coin has any real-world applications and can be used for transactions, smart contracts, and payments. Conduct a comparison analysis between the coin and other similar cryptocurrencies. 
• Study the Team – Go through the coin’s about page and research its founders. Find out whether they are experienced, legitimate and honest. Also, check the coin’s market capitalization to establish the liquidity of the cryptocurrency. 
• Demand and Supply – The utility of a coin is directly proportional to its demand. Remain aware as well that higher supply than demand might ruin the value of a coin. The supply should be fixed, and the coin should have a real-world solution to an aching problem. 
• Valuation – Do not go for a coin because it costs a fraction of the dollar. Analyze the coin’s valuation, the number of users on its blockchain, and if the user volume is higher than the price – that’s an overpriced coin. 

VeChain (VET) is a good investment because of its ascending trajectory in a market that has remained volatile, which, in turn, hinges on the coin’s solid partnerships and its prominence of the coin in the value chain. 

How Does Vechain Make Money? 

VeChain holders can stake or HODL their VET to earn some passive cash. Staking refers to storing cryptocurrency funds in a locked wallet.

The funds maintain the operations of the blockchain ecosystem and execution of proof of stake. They share some similarities with cryptocurrency mining since they both achieve network consensus. In turn, the blockchain rewards users for staking. 

You can also HODL VeChain to generate some profits. To HODL is to store a coin until it gains more value. However, a HODLING strategy should be long-term and inclined towards increasing the asset’s value in the future. 

VeChain’s economic model is an essential discussion about how Vechain makes money. It turns out that VTHO indicates the underlying costs of VeChain usage. The blockchain consumes VTHO after the ecosystem performs certain operations. 

On the other hand, the Vechain (VET) functions create value transfer and build up rapid circulation and liquidity of the token across the blockchain. Furthermore, the blockchain also awards network nodes with some VET foto to facilitate the network’s growth.

This easy-to-use VeThor (VTHO) stacking calculator is based on live Economic- and X-node data. Just enter your VET holding, select your node tier and click “calculate.”

Economic- and X-node holders receive a bonus VeThor (VTHO) reward from two dedicated reward pools held by the VeChain Foundation. These bonus rewards depend on all participating Economic- and X-nodes, their node tiers, and all eligible participants’ overall VeChain (VET) holding.

VeChain Stats show how the VeChain Ecosystem is stabilized.

Note that the nodes are never part of VeChain’s economic model but only a means of boosting and stabilizing the VeChain ecosystem. Finally, VeChain’s whitepaper suggests the blockchain automatically generates VTHO through holding VET tokens. 

Therefore when a user holds onto some VET, the blockchain will award them VTHO. 

The VTHO can be used as a medium of value transfer, traded, or implemented when running decentralized applications hosted on the Thor blockchain. Also, VET can be traded against other currencies on any cryptocurrency exchange.

Does VeChain (VET) have a bright future?

VeChain’s token valuation is directly proportional to the cost of using the blockchain. However, usage of the blockchain depends on whether a user is carrying smart contract transactions or payment transactions. Again, VeChain (VET) value goes up as usage of the blockchain rises. Furthermore, and as earlier mentioned, the platform supports those who hold VET by enabling them to conduct VET transactions at no cost. This is because having VET guarantees the user some free VTHO. VeChain has a future and is probably a good investment for the following reasons:

• It looks beyond the supply chain market

As mentioned earlier, the VeChain project focuses on bringing traceability and transparency to the supply chain industry. However, the project is tapping into other areas, such as competing with Ethereum for a decentralized application platform.

• Benefits from strong foundation support

The VeChain foundation supports the VeChain project and handles all development activities, growth and research. The foundation also networks and builds partnership capacity on behalf of the blockchain.

• Has solid partnerships

We mentioned earlier the kinds of partnerships that VeChain has already signed.

The blockchain is already helping reputable enterprises track goods, employ traceability and create efficient supply chains. BMW, Bayer, PwC, GL, DHL, and DNGV.

These partnerships prove the blockchain project is here for the long term and is meant to build more icebreaking solutions. 

• Reputable team

The blockchain is backed up and managed by a reputable team of developers and sales professionals. This enables them to deliver high-end products for use in the real world. 

• Academic backing from Oxford University

VeChain is in partnership with Oxford University’s Department of Technology Research. The partnership is meant to boost the development of the blockchain’s architecture.

Oxford University is researching new ways of building proof mechanisms and smart contracts for VeChain.

With such a collaboration with a reputable university and backing from reputable firms, more businesses will implement VeChain’s smart solutions. 

• VeChain is a Fresh Project in Progress

Most people and businesses are usually inclined towards bootstrapping along with fast-growing technology. VeChain is a project in progress that could attract more firms and partnerships. This is mainly because it’s easy to tweak and implement a project in progress, which helps it become even better, robust, and dependable. 

Latest partnership with UFC

VeChain joins the likes of Crypto.com, Dapper Labs, and Socios as blockchain companies that do business with the UFC. The sports world is becoming quite the spotlight for companies using blockchain, and UFC is no exception. The new deal with Vechain is a multi-year deal that is valued at $100 million. 

The partnership entails agreements to display the Vechain logo at the UFC events in the Octagon, on the apparel fighters’ wear, and in content distributed on UFC social media accounts and other digital platforms. It will lead to original content distributed by the UFC, like the Vechian presence, and the company will gain ownership of the UFC fighter rankings shown at live events.

VeChain Price History

We have already seen VeChain’s (VET) value increase with the usage of Vechain’s blockchain in April and May.

This means high adoption of the blockchain by businesses is tied with increased blockchain usage, which directly correlates with the value of the VeChain token. To analyze the forecast of VET’s direction, let’s look at partnerships the ecosystem has already forged. 

VeChain partnered with BMW to deploy a card verification system. However, the car verification platform only continues the Vechain-BMW partnership called the Startup Garage. 

In 2018, VeChain entered into a partnership with supply chain management company DHL to build smart blockchain solutions for the logistics industry. 

Another partnership was between VeChain and PriceWaterhouseCoopers (PWC) to deploy VET as a token for processing various transactions and tracking costs through the supply chain. 

Such partnerships and other notable ones like DNV and GL translate to a rapidly growing blockchain ecosystem. VeChain and its VET token will deploy decentralized financial services, applications, and smart contracts across various industries. 

The project analysis of the VET coin is overwhelming, and it can soon end the tears and tantrums of the current downtrend with the aim of a tremendous high in the future. However, the collapse of the crypto exchange FTX has created a black hole in the crypto market, forcing VeChain’s whale investors to liquidate massive positions and create selling pressure in the price chart. Hence, our VeChain price prediction aims to bring you an in-depth technical analysis using advanced indicators to identify the current market trend and guide you through a profitable investment plan.

• VeChain Price Prediction 2023 – up to $0.037
• VeChain Price Prediction 2026 – up to $0.11
• VeChain Price Prediction 2029 – up to $0.35
• VeChain Price Prediction 2032 – up to $1.01

VeChain Technical Analysis

For the last few days, the VeChain token has been showing no price action as its price trend got caught in a bearish consolidation range. Despite VeChain’s recent success, it still faces significant challenges due to the bearish trend in the crypto market. In addition, concerns over the collapse of SVB, loss of USDC’s dollar peg, and regulatory scrutiny from the SEC are all contributing to a bleak outlook for VET’s price. However, our VET price forecast uses advanced technical indicators to provide investors with a comprehensive analysis of the risks and opportunities associated with investing in VeChain. Despite the challenges, there may still be potential for growth in VET, and our analysis can help investors make informed decisions in this volatile market.

CoinMarketCap reports that the current price of the VET token is trading at $0.023, showing an uptrend of nearly 3% from yesterday’s price. Our technical analysis of VET token suggests that this cryptocurrency could soon display bullish signals, leading to new highs as it experiences a significant recovery rally in line with the overall bullish trend led by Bitcoin following the Fed’s efforts to aid banks’ collapses. Looking at the daily price chart, VeChain is struggling to trade above its EMA-20 trend line at $0.02363, facing rejection near its immediate resistance level of $0.023. However, after forming a low near $0.022, the VET token has taken support and is making an effort to surge above the 23.6% Fib level. As the EMA-50 trend line has dropped significantly from its previous resistance level to $0.02385, VET tokens are trading within a consolidation level dominated by bears. VET is currently in an extreme fear zone due to the SEC’s crackdown on crypto, creating a FUD situation for investors. The Balance of Power (BoP) indicator is trading in a highly bearish region of 0.66, suggesting that the bullish momentum may extend if the VET token breaks above its consolidated pattern.

The popular RSI-14 indicator is trading on the verge of a bullish region at the level of 48, just near the midline, which may cause the VET token to test its resistance near the 31.6% Fib levels. Moreover, the MACD line has formed an H&S pattern in the chart, showing bullish candles above the signal line and indicating buying pressure in the VET price chart. However, the SMA-14 is not promising, as it is slowly dropping below the midline at 40, which may trigger a short-term bearish retracement for the VET token to bottom levels. If the VeChain coin breaks above its resistance of $0.024, it may pave its upward road to its Bollinger band’s upper limit of $0.0282, and if it manages to break its strong resistance of $0.031, it may attempt to go higher. Conversely, if VET drops below the crucial support level of $0.022, a further bearish rally is expected, which may cause it to accelerate a sharp collapse and trade near its Bollinger band’s lower limit of $0.019. If VeChain’s price fails to hold above $0.018, it may gear up for a more bearish bloodbath and trade near $0.015.

VeChain Price Prediction By Cryptopolitan

Year	Minimum ($)	Average ($)	Maximum ($)
2023	0.031	0.032	0.037
2024	0.044	0.046	0.054
2025	0.064	0.066	0.076
2026	0.097	0.1	0.11
2027	0.14	0.14	0.17
2028	0.2	0.2	0.24
2029	0.3	0.31	0.35
2030	0.42	0.43	0.51
2031	0.6	0.62	0.72
2032	0.82	0.85	1.01

VeChain Price Prediction 2023

Our VeChain price prediction for 2023 expects a maximum trading price of $0.037, with an average trading price of almost $0.032. The VET coin might retrace downward with a minimum price of $0.031 by the end of 2023.

VeChain Price Prediction 2024

VET token boasts of developing solid and overwhelming fundamentals for the crypto community. Our VeChain price prediction for 2024 predicts that the token will extend its bullish momentum and likely achieve a maximum price level of $0.054. After that, VET crypto might record a low of $0.044, with an average trading price of $0.046.

VeChain Price Prediction 2025

Our VeChain price prediction for 2025 anticipates a minimum value of $0.064 and a maximum value of $0.076. In addition, our VeChain price forecast for 2025 predicts an average trading price of $0.066.

VeChain Price Prediction 2026

VET coin may witness an astronomical rise in 2026 and bring an outstanding return on investment to its long-term holders. Our VeChain price prediction for 2026 expects a maximum trading price of $0.11 with an average trading price of $0.10. VET coin may trade at a minimum value of $0.097.

VeChain Price Prediction 2027

The crypto market may soon end the tears and tantrums and overcome its current negative sentiments as it is building potential for a bullish comeback and is expected to skyrocket in the next few years. Our VET coin price prediction for 2027 suggests that it may touch a maximum trading price of $0.17. VET coin may trade at an average price of $0.14 with a minimum value of $0.14.

VeChain Price Prediction 2028

Our VeChain price prediction for 2028 states that it may touch a maximum value of $0.24 and an average trading price of $0.20. The minimum value for the VET cryptocurrency is predicted to hit $0.20.

VeChain Price Prediction 2029

In the upcoming years, VET coin may gain impactful partnerships due to its user-friendly environment and can push its price to the North. Our VeChain price prediction for 2029 expects a maximum price for this token to be $0.35 and a minimum price of $0.30. VET crypto may reach an average value of $0.31.

VeChain Price Prediction 2030

Depending upon the future market potential and response from the community, VET crypto can see a maximum price level of $0.51 with an average trading price of $0.43. However, the VET coin is projected to hit the bottom level at $0.42 by the end of 2030.

VeChain Price Prediction 2031

VeChain may bring a bullish wave to investors’ portfolios as the token has bright promises ahead. The price of VeChain is projected to reach a maximum value of $0.72, with an average trading price of $0.62. The minimum trading price of VeChain is predicted to be $0.60 by the end of 2031.

VeChain Price Prediction 2032

In 2032, the VeChain token is predicted to attain an average value of $0.85. With significant partnerships and responses from the community, the VET token may reach a maximum price of $1.01 and a minimum price of $0.82.

VeChain Price Prediction By Digital Coin Price

According to Digital Coin Price’s VET crypto price prediction, the VET token is poised to witness a positive value in the next few years. The projected VET price for 2024 indicates that it may surpass the $0.0574 level, with a potential maximum level of $0.0596. However, the price could experience a drop to a minimum of $0.0499 by the end of the year.

In 2032, the VET price is anticipated to surpass the $0.44 mark, with the possibility of reaching a maximum level of $0.45 by the end of the year. Moreover, VeChain is expected to maintain a minimum price level of $0.44.

VeChain Price Prediction By CryptoPredictions.com

CryptoPredictions.com’s VeChain price forecast states that, in April 2023, VeChain is expected to begin trading at $0.0295 and end the month at $0.04, based on predictions. The projected maximum price for VET during the month of April is $0.0422, while the minimum price is forecasted to be $0.0287.

In 2027, the VET token is predicted to reach a minimum price of $0.0499 and a maximum price of $0.0735. The average trading price of VeChain may hit $0.0588 by the end of 2027. 

VeChain Price Prediction By Wallet Investor

Wallet Investor gives a bearish outlook for VeChain token’s future price points. According to the website, the minimum price of the VeChain token may reach $0.00174, and the maximum price can be $0.00522. The average trading price can be around $0.00348. 

In 2027, the average price of the VET token will be near $0.00236, with a minimum price of $0.00118 and a maximum price of $0.00354. 

VeChain Price Prediction By Market Sentiment

The current price trend of the VET token has captured the interest of both the broader crypto market and analysts alike. The majority of VET coin price predictions are optimistic, owing to the project’s committed decentralized business model and complete transparency, which is anticipated to result in an excellent future price. Several analysts predict future price movements of the VET token, and bullish ones are overwhelming. According to a well-known crypto analyst, Crypto Vault, the average price of VeChain may surge by 200% this year. 

Conclusion

VeChain regards transparency in information exchange on a global level as the primary catalyst for business collaboration and rapid value transfers. Its objective is to connect businesses, application users, smart contracts, and infrastructure providers within a unified ecosystem that prioritizes symmetrical and transparent information flow based on data digitization.

VeChain’s innovative and forward-thinking approach to supply chain management has positioned it as a top player in the crypto industry. With its strong focus on transparency, security, and efficiency, VeChain has the potential to revolutionize the way businesses operate on a global scale. However, it is advised to do your own research before investing in the volatile crypto asset

Since its inception in 2015, VeChain has proved to be one of the dominating projects in the crypto space and aims to continue its legacy in the future. VeChain stands out among other projects due to its blockchain-based exclusive designs, which provide enterprise-level solutions to make the future road smoother. Furthermore, VeChain has also made a significant contribution when it comes to the evolution of the global economy based on the combination of DLT with an IoT stimulant.

VeChain has already developed a working and practical blockchain solution for the supply chain management. The practical solutions have already attracted partners from various industries to join the bandwagon. Such sectors include manufacturing, luxury goods, and automobiles, among others. Health facilities can use Vechain to track medicines, and the anti-counterfeiting mechanism effectively wipes out the black market trade of medicines. 

The general support for VeChain and VeChain products is high, and VET generally commands a good reputation among crypto projects. VeChain also has a strong team behind it. The rest of the team also has a solid background and track record in information technology. There is no telling where VeChain is headed, but we can look at the stars for now. The currency has a good standing for investing, holding, and solving real-world applications. 

The above-mentioned VeChain price predictions suggest that the coin has a bright future and is expected to show consistent positive growth in the next few years. However, it is important to note that the cryptocurrency market is highly volatile, and any adverse development could lead to a sharp decline in prices. Consider the past milestones when deciding to add VeChain to your portfolio.

• One of the most recent development is a partnership that saw the VET network become the official Layer 1 #blockchain partner of @ufc in a historic global marketing partnership. The partnership will help to increase the adoption of the VET blockchain by bringing it to a mainstream audience. The UFC is one of the most popular global sports brands, with a fan base of over 300 million people.

• The Vechain ecosystem is used today by big enterprises with a dedicated team of developers and networks committed to the WEB3. Vechain use cases set it apart from its competitors and popular meme coins, giving it the green light for long-term sustainability.

• Vechain has been affected by winter’s crypto market despite the use cases, dropping 60% from the year’s opening price. However, Vechain shows signs of price recovery and will be profitable in the next bull run.

• VeChain aims to develop a platform that adds significant value to the blockchain world, and the VET token significantly benefits the cryptocurrency market.

VeChain Price Prediction 2023-2032

• VeChain Price Prediction 2023 – up to $0.037
• VeChain Price Prediction 2026 – up to $0.11
• VeChain Price Prediction 2029 – up to $0.35
• VeChain Price Prediction 2032 – up to $1.01

After the carnage that left LUNA and UST hanging on for survival, VeChain made their enticing offer to Terra LUNA developers: a $30K grant to migrate their Layer1 chains to VeChain. Additionally, the post also describes VeChain as a rapidly growing enterprise-grade public blockchain with 100% uptime. How can the current crypto exchange debacles affect Vechain Price Prediction?

This #VeChainThorsday, they will be joined by #MultiChain#Metaverse project, @metatun_vet to discuss their social gaming platform built using the #VeChainThor#blockchain!@TheVirtualFlame will host Enigius and Jvan on http://discord.gg/VeChain, 31 Mar 8PM UTC!

VeChain Foundation’s grant covers a wide range of topics that include ‘application development, tools & infrastructure, and blockchain-related research.’Each stand-alone project has an allowance of up to $30K with a possible 50% bonus for Economic X Node. We will see in the coming days the effect of this social media ploy and whether it will increase investors’ interest in VeChain.

The incoming upgrade has already increased bullishness around VeChain and led to gains as soon as it was announced; investors are also keen to learn where the network might go from here. One criticism of the “vulture-like offer to Terra” could indeed boomerang: Some users are beginning to doubt whether the VeChain platform has a development structure as it went to extra lengths to encourage Terra developers to join the company.

VeChain network’s NFT bridge has officially gone live on mainnet, opening up VeChainThor’s vibrant NFT community to new blockchains and communities! More events are in store for the avid VeChain community.

How much is VeChain worth?

Today’s VeChain price is $0.02361 with a 24-hour trading volume of $67,186,529. VeChain is up 0.15% in the last 24 hours. The current CoinMarketCap ranking is #36, with a live market cap of $1,712,125,083. It has a circulating supply of 72,511,146,418 VET coins and a max. supply of 86,712,634,466 VET coins.

Can VET reach $1? VeChain could easily reach $1 or even higher within the next few years if the network continues to grow at the current pace. Of course, anything can happen in the crypto market, so this is by no means a guarantee. So, the question should be for any crypto project: what is its growth potential? We don’t exactly care for the surge but for the sustainability of the project.

If you want to stay on track, you may follow VET on Medium.

Also Read:
• How To Buy Vechain?
• How To Stake Vechain?

What is VeChain?

VeChain is a blockchain-based company for creating efficiencies across supply-chain management and logistic processes. The blockchain implements distributed ledger technology (DLT) to deploy bright, complex supply-chain solutions. 

Sunny Lui founded VeChain and the VeChain Coin as a robust solution for deploying a decentralized infrastructure of data management applications and the Internet of Things. The founder wanted to solve a highly fraudulent supply-chain industry and resolve economic issues.

Vechain’s applications keep growing, and the project’s scope has broadened. Vechain blockchain features two tokens that are distinct at large and serve different purposes. The Vechain Token (VET) and the VeChainThor Energy (VTHO). 

• VTHO is the energy or gas for driving smart contract transactions
• VET is the native token (or digital currency) for transferring value across the network

VeChain Growth

Vechain was founded in July 2017 and incorporated in Singapore. The VeChain Foundation manages the project. Before its inception back in 2015, Vechain was only a project idea for tracking luxury goods to prevent counterfeits. 

VeChain, an Asian project, is extending its IoT and supply chain-oriented platform through the development of the VeChain Thor blockchain. The platform’s main objective is to become an enterprise-driven blockchain ecosystem whose primary focus is the governance and usability of smart contract services.

Today, the project conducts business around managing enterprise information across diverse companies.

This information is crucial for product verification, supply-chain transparency, and transfer of value and trust across its network.

The following are critical features of the Vechain blockchain that highly influence the Vechain price forecast: 

• Vechain is an enterprise-based blockchain that intermediates data through the Internet of Things (IoT) and provides transparent information about organizations, products, and services. 
• Vechain has a vision of leading the next generation of Initial Exchange Offerings (IEOs) and Initial Coin Offerings (ICOs) by taking advantage of smart devices on the Internet of Things.
• Vechain blockchain has two tokens, its gas VTHO, and its native token VET. 

VeChain Overview 

VeChain Structural Developments

An upgrade called Surface will see the network build up security measures and adaptive tools. It will do this with the implementation of a consensus reached PoA2.0.

An alternative to algorithms like Proof-of-Work (PoW) or Proof-of-Stake (PoS), PoA2.0 will finalize transactions securely, thanks to a three-pronged validation approach combining computer-generated randomness, committee-based blockchain production, and a passive block confirmation process.

These seemingly complicated components allow for a more secure and final blockchain that no one can manipulate.

VET, the native coin of VeChain, is up 10% today as investors become bullish on the upgrade prospects; the coin now rests at a value of over 12 cents. But where might the crypto be heading in the future, given the upgrade passes and sees implementation? Let’s take a look at some VeChain price predictions and see what analysts are thinking.

Understanding VeChain and VET Coin

Vechain intends to use blockchain technology to create a trust-free and decentralized business ecosystem that favors the transparent flow of data, high-speed value transfer, and efficient collaboration across business processes. 

Technology firms have normalized compartmentalizing businesses on the supply chain data into silos. These silos cater to multiple stakeholders. As a result, this affects the flow of information divided among participants. Some use applications of the VeChain platform are the following:

• VeChain’s whitepaper suggests blockchain technology should allow ownership of data to empower both ends of a transaction.  And therefore, break the asymmetric information problem. 

• The blockchain effectively deploys information about products, business processes, storage, organizations, and transportation. This eventually creates greater market transparency and makes it convenient for market participants to transact. 

• The VeChain blockchain is used across diverse industries to track quality, storage data, temperature, authenticity, last-mile delivery, and transport medium logistics. It achieves this by implementing Radio Frequency Identification (RFID) sensors and tags. Authorized Supply chain participants can access these pieces of information anywhere and in real time.

• VeChain allows product manufacturers and merchants can constantly track and monitor all parameters with sensors and tagging.

• The sensors ensure that product manufacturers and merchants can constantly track and monitor all parameters from manufacturing and packaging to delivery.

• If a problem is encountered along the way, the blockchain communicates back to an authorized person.

Both VeChain (VET) and VTHO are run on the VeChain Thor Blockchain platform. Both means of value transfer are decentralized and can be used by decentralized applications already hosted on the VeChain blockchain.

VeChain seems to have borrowed its dual token idea from Ethereum’s Ethereum (ETH) and NEO gas. However, unlike Ethereum’s lack of predictability when estimating transaction fees, VeChain builds upon a predictable economic model for simplifying decentralized finance. 

What can you do with VeChain? 

• Enterprises – The blockchain has already built a support infrastructure to help the growth of enterprises by bootstrapping underlying technology, utilities, and services. 
• Community – The blockchain supports community developers and blockchain programmers to kickstart their projects on the ecosystem and bring about diversity across the platform. 
• Institutional Partners/regulators – to support its mission of helping startups, incubation partners, and venture capitalists bring in their input regarding expertise, resources, and capital.

The transaction token on the blockchain is the VET utility token. This design is highly in favor of businesses dealing with large volumes of settlements. However, the following are different ways your business can adopt Vechain in its ecosystem. 

Food and Beverage Businesses

• Owners of food and beverage enterprises can use Vechain’s ecosystem to transact transparently. 
• The blockchain allows them to scan QR codes on their preferred products and the system automatically provides consumers with desired information about the product. 
• Such information includes geographical location, inspection reports, dates, ingredients, source of ingredients, and cryptographic data. 
• As a result, a brand will improve transparency on its supply chain to reduce costs for third-party verification and collaborate with other participants, such as insurance firms and financing institutions. 

Startups

• Vechain’s blockchain has put various systems to help startups bootstrap growth from scratch. 
• Startup founders will find tools for technical documentation and acquire direct support from Veechain’s support team. 

Digital Vehicle Management

• Uber sparked a fleet of vehicle management companies. Vechain provides users with an effective digital vehicle passport solution that stores and secures crucial data throughout the lifetime of an automobile.
• Financial institutions, vehicle manufacturers, insurance providers, vehicle repair enterprises, and technical experts can use the Vechain blockchain for the authorized sharing of data. 
• This will make information about ownership, servicing history, and usage more transparent across the automobile industry. 

Luxury Product Manufacturers 

• VeChain creates unique identity links between their brands and their physical products.
• Luxury product brands compete for market attention by creating high-value product designs. 
• Brands can now use VeChain to establish a unique identity link between their brands and their physical products. The links are customized using smart NFC tags. 
• Finally, competing brands can implement the blockchain’s product verification to boost the traceability of stolen goods across the supply chain.

VeChain Fundamental Analysis

Determine if a coin is undervalued or overvalued by looking at different factors affecting its intrinsic value.

Fundamental analysis is an excellent way to understand how the market affects prices crypto values always change. We need to look at whether a coin is overvalued or undervalued. VeChain is a promising blockchain company, but why should VeChain be a part of your portfolio?

Before investing in any cryptocurrency, here are factors to consider: 

• The utility of the coin – Read through the coin’s whitepaper and identify what problems it solves. Find out whether the coin has any real-world applications and can be used for transactions, smart contracts, and payments. Conduct a comparison analysis between the coin and other similar cryptocurrencies. 
• Study the Team – Go through the coin’s about page and research its founders. Find out whether they are experienced, legitimate and honest. Also, check the coin’s market capitalization to establish the liquidity of the cryptocurrency. 
• Demand and Supply – The utility of a coin is directly proportional to its demand. Remain aware as well that higher supply than demand might ruin the value of a coin. The supply should be fixed, and the coin should have a real-world solution to an aching problem. 
• Valuation – Do not go for a coin because it costs a fraction of the dollar. Analyze the coin’s valuation, the number of users on its blockchain, and if the user volume is higher than the price – that’s an overpriced coin. 

VeChain (VET) is a good investment because of its ascending trajectory in a market that has remained volatile, which, in turn, hinges on the coin’s solid partnerships and its prominence of the coin in the value chain. 

How Does Vechain Make Money? 

VeChain holders can stake or HODL their VET to earn some passive cash. Staking refers to storing cryptocurrency funds in a locked wallet.

The funds maintain the operations of the blockchain ecosystem and execution of proof of stake. They share some similarities with cryptocurrency mining since they both achieve network consensus. In turn, the blockchain rewards users for staking. 

You can also HODL VeChain to generate some profits. To HODL is to store a coin until it gains more value. However, a HODLING strategy should be long-term and inclined towards increasing the asset’s value in the future. 

VeChain’s economic model is an essential discussion about how Vechain makes money. It turns out that VTHO indicates the underlying costs of VeChain usage. The blockchain consumes VTHO after the ecosystem performs certain operations. 

On the other hand, the Vechain (VET) functions create value transfer and build up rapid circulation and liquidity of the token across the blockchain. Furthermore, the blockchain also awards network nodes with some VET foto to facilitate the network’s growth.

This easy-to-use VeThor (VTHO) stacking calculator is based on live Economic- and X-node data. Just enter your VET holding, select your node tier and click “calculate.”

Economic- and X-node holders receive a bonus VeThor (VTHO) reward from two dedicated reward pools held by the VeChain Foundation. These bonus rewards depend on all participating Economic- and X-nodes, their node tiers, and all eligible participants’ overall VeChain (VET) holding.

VeChain Stats show how the VeChain Ecosystem is stabilized.

Note that the nodes are never part of VeChain’s economic model but only a means of boosting and stabilizing the VeChain ecosystem. Finally, VeChain’s whitepaper suggests the blockchain automatically generates VTHO through holding VET tokens. 

Therefore when a user holds onto some VET, the blockchain will award them VTHO. 

The VTHO can be used as a medium of value transfer, traded, or implemented when running decentralized applications hosted on the Thor blockchain. Also, VET can be traded against other currencies on any cryptocurrency exchange.

Does VeChain (VET) have a bright future?

VeChain’s token valuation is directly proportional to the cost of using the blockchain. However, usage of the blockchain depends on whether a user is carrying smart contract transactions or payment transactions. Again, VeChain (VET) value goes up as usage of the blockchain rises. Furthermore, and as earlier mentioned, the platform supports those who hold VET by enabling them to conduct VET transactions at no cost. This is because having VET guarantees the user some free VTHO. VeChain has a future and is probably a good investment for the following reasons:

• It looks beyond the supply chain market

As mentioned earlier, the VeChain project focuses on bringing traceability and transparency to the supply chain industry. However, the project is tapping into other areas, such as competing with Ethereum for a decentralized application platform.

• Benefits from strong foundation support

The VeChain foundation supports the VeChain project and handles all development activities, growth and research. The foundation also networks and builds partnership capacity on behalf of the blockchain.

• Has solid partnerships

We mentioned earlier the kinds of partnerships that VeChain has already signed.

The blockchain is already helping reputable enterprises track goods, employ traceability and create efficient supply chains. BMW, Bayer, PwC, GL, DHL, and DNGV.

These partnerships prove the blockchain project is here for the long term and is meant to build more icebreaking solutions. 

• Reputable team

The blockchain is backed up and managed by a reputable team of developers and sales professionals. This enables them to deliver high-end products for use in the real world. 

• Academic backing from Oxford University

VeChain is in partnership with Oxford University’s Department of Technology Research. The partnership is meant to boost the development of the blockchain’s architecture.

Oxford University is researching new ways of building proof mechanisms and smart contracts for VeChain.

With such a collaboration with a reputable university and backing from reputable firms, more businesses will implement VeChain’s smart solutions. 

• VeChain is a Fresh Project in Progress

Most people and businesses are usually inclined towards bootstrapping along with fast-growing technology. VeChain is a project in progress that could attract more firms and partnerships. This is mainly because it’s easy to tweak and implement a project in progress, which helps it become even better, robust, and dependable. 

Latest partnership with UFC

VeChain joins the likes of Crypto.com, Dapper Labs, and Socios as blockchain companies that do business with the UFC. The sports world is becoming quite the spotlight for companies using blockchain, and UFC is no exception. The new deal with Vechain is a multi-year deal that is valued at $100 million. 

The partnership entails agreements to display the Vechain logo at the UFC events in the Octagon, on the apparel fighters’ wear, and in content distributed on UFC social media accounts and other digital platforms. It will lead to original content distributed by the UFC, like the Vechian presence, and the company will gain ownership of the UFC fighter rankings shown at live events.

VeChain Price History

We have already seen VeChain’s (VET) value increase with the usage of Vechain’s blockchain in April and May.

This means high adoption of the blockchain by businesses is tied with increased blockchain usage, which directly correlates with the value of the VeChain token. To analyze the forecast of VET’s direction, let’s look at partnerships the ecosystem has already forged. 

VeChain partnered with BMW to deploy a card verification system. However, the car verification platform only continues the Vechain-BMW partnership called the Startup Garage. 

In 2018, VeChain entered into a partnership with supply chain management company DHL to build smart blockchain solutions for the logistics industry. 

Another partnership was between VeChain and PriceWaterhouseCoopers (PWC) to deploy VET as a token for processing various transactions and tracking costs through the supply chain. 

Such partnerships and other notable ones like DNV and GL translate to a rapidly growing blockchain ecosystem. VeChain and its VET token will deploy decentralized financial services, applications, and smart contracts across various industries. 

The project analysis of the VET coin is overwhelming, and it can soon end the tears and tantrums of the current downtrend with the aim of a tremendous high in the future. However, the collapse of the crypto exchange FTX has created a black hole in the crypto market, forcing VeChain’s whale investors to liquidate massive positions and create selling pressure in the price chart. Hence, our VeChain price prediction aims to bring you an in-depth technical analysis using advanced indicators to identify the current market trend and guide you through a profitable investment plan.

• VeChain Price Prediction 2023 – up to $0.037
• VeChain Price Prediction 2026 – up to $0.11
• VeChain Price Prediction 2029 – up to $0.35
• VeChain Price Prediction 2032 – up to $1.01

VeChain Technical Analysis

For the last few days, the VeChain token has been showing no price action as its price trend got caught in a bearish consolidation range. Despite VeChain’s recent success, it still faces significant challenges due to the bearish trend in the crypto market. In addition, concerns over the collapse of SVB, loss of USDC’s dollar peg, and regulatory scrutiny from the SEC are all contributing to a bleak outlook for VET’s price. However, our VET price forecast uses advanced technical indicators to provide investors with a comprehensive analysis of the risks and opportunities associated with investing in VeChain. Despite the challenges, there may still be potential for growth in VET, and our analysis can help investors make informed decisions in this volatile market.

CoinMarketCap reports that the current price of the VET token is trading at $0.023, showing an uptrend of nearly 3% from yesterday’s price. Our technical analysis of VET token suggests that this cryptocurrency could soon display bullish signals, leading to new highs as it experiences a significant recovery rally in line with the overall bullish trend led by Bitcoin following the Fed’s efforts to aid banks’ collapses. Looking at the daily price chart, VeChain is struggling to trade above its EMA-20 trend line at $0.02363, facing rejection near its immediate resistance level of $0.023. However, after forming a low near $0.022, the VET token has taken support and is making an effort to surge above the 23.6% Fib level. As the EMA-50 trend line has dropped significantly from its previous resistance level to $0.02385, VET tokens are trading within a consolidation level dominated by bears. VET is currently in an extreme fear zone due to the SEC’s crackdown on crypto, creating a FUD situation for investors. The Balance of Power (BoP) indicator is trading in a highly bearish region of 0.66, suggesting that the bullish momentum may extend if the VET token breaks above its consolidated pattern.

The popular RSI-14 indicator is trading on the verge of a bullish region at the level of 48, just near the midline, which may cause the VET token to test its resistance near the 31.6% Fib levels. Moreover, the MACD line has formed an H&S pattern in the chart, showing bullish candles above the signal line and indicating buying pressure in the VET price chart. However, the SMA-14 is not promising, as it is slowly dropping below the midline at 40, which may trigger a short-term bearish retracement for the VET token to bottom levels. If the VeChain coin breaks above its resistance of $0.024, it may pave its upward road to its Bollinger band’s upper limit of $0.0282, and if it manages to break its strong resistance of $0.031, it may attempt to go higher. Conversely, if VET drops below the crucial support level of $0.022, a further bearish rally is expected, which may cause it to accelerate a sharp collapse and trade near its Bollinger band’s lower limit of $0.019. If VeChain’s price fails to hold above $0.018, it may gear up for a more bearish bloodbath and trade near $0.015.

VeChain Price Prediction By Cryptopolitan

Year	Minimum ($)	Average ($)	Maximum ($)
2023	0.031	0.032	0.037
2024	0.044	0.046	0.054
2025	0.064	0.066	0.076
2026	0.097	0.1	0.11
2027	0.14	0.14	0.17
2028	0.2	0.2	0.24
2029	0.3	0.31	0.35
2030	0.42	0.43	0.51
2031	0.6	0.62	0.72
2032	0.82	0.85	1.01

VeChain Price Prediction 2023

Our VeChain price prediction for 2023 expects a maximum trading price of $0.037, with an average trading price of almost $0.032. The VET coin might retrace downward with a minimum price of $0.031 by the end of 2023.

VeChain Price Prediction 2024

VET token boasts of developing solid and overwhelming fundamentals for the crypto community. Our VeChain price prediction for 2024 predicts that the token will extend its bullish momentum and likely achieve a maximum price level of $0.054. After that, VET crypto might record a low of $0.044, with an average trading price of $0.046.

VeChain Price Prediction 2025

Our VeChain price prediction for 2025 anticipates a minimum value of $0.064 and a maximum value of $0.076. In addition, our VeChain price forecast for 2025 predicts an average trading price of $0.066.

VeChain Price Prediction 2026

VET coin may witness an astronomical rise in 2026 and bring an outstanding return on investment to its long-term holders. Our VeChain price prediction for 2026 expects a maximum trading price of $0.11 with an average trading price of $0.10. VET coin may trade at a minimum value of $0.097.

VeChain Price Prediction 2027

The crypto market may soon end the tears and tantrums and overcome its current negative sentiments as it is building potential for a bullish comeback and is expected to skyrocket in the next few years. Our VET coin price prediction for 2027 suggests that it may touch a maximum trading price of $0.17. VET coin may trade at an average price of $0.14 with a minimum value of $0.14.

VeChain Price Prediction 2028

Our VeChain price prediction for 2028 states that it may touch a maximum value of $0.24 and an average trading price of $0.20. The minimum value for the VET cryptocurrency is predicted to hit $0.20.

VeChain Price Prediction 2029

In the upcoming years, VET coin may gain impactful partnerships due to its user-friendly environment and can push its price to the North. Our VeChain price prediction for 2029 expects a maximum price for this token to be $0.35 and a minimum price of $0.30. VET crypto may reach an average value of $0.31.

VeChain Price Prediction 2030

Depending upon the future market potential and response from the community, VET crypto can see a maximum price level of $0.51 with an average trading price of $0.43. However, the VET coin is projected to hit the bottom level at $0.42 by the end of 2030.

VeChain Price Prediction 2031

VeChain may bring a bullish wave to investors’ portfolios as the token has bright promises ahead. The price of VeChain is projected to reach a maximum value of $0.72, with an average trading price of $0.62. The minimum trading price of VeChain is predicted to be $0.60 by the end of 2031.

VeChain Price Prediction 2032

In 2032, the VeChain token is predicted to attain an average value of $0.85. With significant partnerships and responses from the community, the VET token may reach a maximum price of $1.01 and a minimum price of $0.82.

VeChain Price Prediction By Digital Coin Price

According to Digital Coin Price’s VET crypto price prediction, the VET token is poised to witness a positive value in the next few years. The projected VET price for 2024 indicates that it may surpass the $0.0574 level, with a potential maximum level of $0.0596. However, the price could experience a drop to a minimum of $0.0499 by the end of the year.

In 2032, the VET price is anticipated to surpass the $0.44 mark, with the possibility of reaching a maximum level of $0.45 by the end of the year. Moreover, VeChain is expected to maintain a minimum price level of $0.44.

VeChain Price Prediction By CryptoPredictions.com

CryptoPredictions.com’s VeChain price forecast states that, in April 2023, VeChain is expected to begin trading at $0.0295 and end the month at $0.04, based on predictions. The projected maximum price for VET during the month of April is $0.0422, while the minimum price is forecasted to be $0.0287.

In 2027, the VET token is predicted to reach a minimum price of $0.0499 and a maximum price of $0.0735. The average trading price of VeChain may hit $0.0588 by the end of 2027. 

VeChain Price Prediction By Wallet Investor

Wallet Investor gives a bearish outlook for VeChain token’s future price points. According to the website, the minimum price of the VeChain token may reach $0.00174, and the maximum price can be $0.00522. The average trading price can be around $0.00348. 

In 2027, the average price of the VET token will be near $0.00236, with a minimum price of $0.00118 and a maximum price of $0.00354. 

VeChain Price Prediction By Market Sentiment

The current price trend of the VET token has captured the interest of both the broader crypto market and analysts alike. The majority of VET coin price predictions are optimistic, owing to the project’s committed decentralized business model and complete transparency, which is anticipated to result in an excellent future price. Several analysts predict future price movements of the VET token, and bullish ones are overwhelming. According to a well-known crypto analyst, Crypto Vault, the average price of VeChain may surge by 200% this year. 

Conclusion

VeChain regards transparency in information exchange on a global level as the primary catalyst for business collaboration and rapid value transfers. Its objective is to connect businesses, application users, smart contracts, and infrastructure providers within a unified ecosystem that prioritizes symmetrical and transparent information flow based on data digitization.

VeChain’s innovative and forward-thinking approach to supply chain management has positioned it as a top player in the crypto industry. With its strong focus on transparency, security, and efficiency, VeChain has the potential to revolutionize the way businesses operate on a global scale. However, it is advised to do your own research before investing in the volatile crypto asset

Since its inception in 2015, VeChain has proved to be one of the dominating projects in the crypto space and aims to continue its legacy in the future. VeChain stands out among other projects due to its blockchain-based exclusive designs, which provide enterprise-level solutions to make the future road smoother. Furthermore, VeChain has also made a significant contribution when it comes to the evolution of the global economy based on the combination of DLT with an IoT stimulant.

VeChain has already developed a working and practical blockchain solution for the supply chain management. The practical solutions have already attracted partners from various industries to join the bandwagon. Such sectors include manufacturing, luxury goods, and automobiles, among others. Health facilities can use Vechain to track medicines, and the anti-counterfeiting mechanism effectively wipes out the black market trade of medicines. 

The general support for VeChain and VeChain products is high, and VET generally commands a good reputation among crypto projects. VeChain also has a strong team behind it. The rest of the team also has a solid background and track record in information technology. There is no telling where VeChain is headed, but we can look at the stars for now. The currency has a good standing for investing, holding, and solving real-world applications. 

The above-mentioned VeChain price predictions suggest that the coin has a bright future and is expected to show consistent positive growth in the next few years. However, it is important to note that the cryptocurrency market is highly volatile, and any adverse development could lead to a sharp decline in prices. Consider the past milestones when deciding to add VeChain to your portfolio.

• One of the most recent development is a partnership that saw the VET network become the official Layer 1 #blockchain partner of @ufc in a historic global marketing partnership. The partnership will help to increase the adoption of the VET blockchain by bringing it to a mainstream audience. The UFC is one of the most popular global sports brands, with a fan base of over 300 million people.

• The Vechain ecosystem is used today by big enterprises with a dedicated team of developers and networks committed to the WEB3. Vechain use cases set it apart from its competitors and popular meme coins, giving it the green light for long-term sustainability.

• Vechain has been affected by winter’s crypto market despite the use cases, dropping 60% from the year’s opening price. However, Vechain shows signs of price recovery and will be profitable in the next bull run.

• VeChain aims to develop a platform that adds significant value to the blockchain world, and the VET token significantly benefits the cryptocurrency market.