VeChain (VET) Future Forecast: The Increase In The Price Of VeChain Might Continue

VeChain’s price of recent hasn’t really excited people. In recent weeks, the trading momentum has been either sideways or slightly bearish. This isn’t too good for a project which has been tipped on so many occasions to be a strong rival to Ethereum; its price never came close to 5% of the market cap of Ethereum. Despite all these, good things have been going on with VeChain.

Community members are sure that very soon, big things will happen for VeChain. One of the reasons for this confidence is the hint of a growing Bitcoin adoption, although we have no idea how things will eventually play out.

VeChain (VET) Price Today – VET / USD

Name Price24H (%)
VeChain (VET)
$0.004419
-1.61%

Getting more people to make use of VeChain will be a very difficult task. Currently, VET is being listed by new exchanges with HitBT as the latest. HitBT has listed VET against BTC, ETH and USDT.

Crypto enthusiasts still expect a lot from VET. Currently, it seems VeChain’s price is in a good place. Combined with a school trading volume below $18 million dollars, there appears to be enough liquidity to sustain this uptrend without any service setback.

Recently, VeChain (VET) has been very active, forming partnerships with different companies like vehicle companies, luxurious brands and different governments. This tells us that, in the future, VET has gained the trust of several industries; we will see more companies going in the platform of VeChain blockchain technology.

VeChain will become the leading Enterprise-level Blockchain Service Provider in the world due to some reasons:

  • It will keep the world honest
  • It serves as a real solution for real world problems
  • It makes car manufacturing possible
  • It slows China’s counterfeit issue
  • It protects China’s vaccine supply
  • Smart money is investing in VeChain

VeChain Price Prediction With 5-Years VeChain Price Forecast

According to Coinswitch, VeChain price prediction suggests that the VeChain price is up for a long-term 7635.887707% in the VET price value with a 5-year investment. This means that in the year 2023, the VeChain price is forecasted to stand at $0.38939 . You can keep track of VeChain’s progress by adding it to your wallet portfolio.

VeChain is focused on building a blockchain-based platform that is not limited to the digital world and can seamlessly integrate with actual business ecosystems. This has raised the profile of this coin towards better and secure real world business applications. Moreover, it can cooperate with 3rd party services also. This irrevocably has increased the potential of the cryptocurrency. It is always best to avail a real-time price prediction of the VET coin like the one below from CoinSwitch. Users can review the forecast of the coin as and when fluctuations happen and make informed decisions.

1-Year Forecast 3-Year Forecast 5-Year Forecast
$0.10551 $0.22882 $0.38939
*This VeChain (VET) price prediction is based on the data collected from various sources. This should not be considered as an investing parameter and user should do their own research before investing.
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Long-Term VeChain Price Prediction Using Technical Analysis

Walletinvestor.com also gives a long-term price prediction for VeChain — it claims it’ll be $41.457 in 5 years time. That’s a return of more than 1,000%!It’s clear that WalletInvestor expects Vechain to perform well in both the short-term and long-term.If you are not looking at such a long-term horizon of 5 years, let’s have a look at a shorter long-term price prediction by tradingbeasts.com. According to them, the VeChain price prediction 2020 falls in the range of $21.02 and $30.92.

So, both sources reveal a similar long-term VeChain forecast based on technical analysis.

Long-Term VeChain Price Prediction by Other Reputable Sources

As per the five-year prediction by smartereum.com, the price of VeChain could reach as high as $75. That means an investment of $100 today at the price of $3.77 could grow up to $1,989 in 5 years.Smarterum.com expects VeChain to provide “complete integration of blockchain-based platform with the actual business world”. This would help in making blockchain more and more accessible for companies on a mainstream basis.

So, those were some of the top long-term VeChain price prediction 2020 and beyond. As you can see, most of them expect VeChain to perform greatly over the next 5 years. However, these VeChain price prediction may or may not turn out to be correct — always remember that it is impossible to know for sure what the future price of a cryptocurrency is.You should weigh in various factors before you can come to a conclusion about whether VeChain is a good or a bad investment. Let’s have a look at these in the next section.
Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.