VeChain Price Prediction (2022-2025) Will VET Hit $1 This Year?

Vechain
VET-USD
VeChain USD
CCC
$0.0329
$0.0005
1.60%

What is VeChain (VET)?

VeChain is a blockchain-based supply chain management technology that allows companies to manage their global supply networks by steadily generating unique digital IDs for each product. This is managed by keeping an eye on the movement and authenticity of items from raw materials to final goods.

The VeChain blockchain also targets reducing fraud, added trust, and efficiency in the overall company and that’s why top global businesses like BMW, Walmart, BYD Auto, Bayer, and LVMH are using this blockchain technology.

VeChain has 3 types of levels: blockchain, wallet, and tokens [two different tokens: VeChain Token (VET) and VeChainThor Energy (VTHO)]

The network is composed of nodes (transactions are processed by these nodes). Nodes are controlled by token holders who can vote for projects that will be developed within the VeChainThor Network.

VeChain Fundamental Overview

Before analyzing the Vechain Price Prediction you should understand the fundamentals.

Launch Date2015
Current Price$0.0329
Market Cap$2,383,355,904.0
Volume136,191,664
52 Week High-Low$0.1875 – $0.0329
Coin Rank32
MineableNo
MechanismProof of Authority
Listed onMore Than 30
Max Transaction Capability10000+ Per Second
Average Transaction CostVariable (Depend on Demand & Supply)
Current Circulating Supply71.51B VET
Maximum Supply86.71B VET
Web & Social Vechain.org @Vechain, r/Vechain, Linkedin/Vechain, YouTube/Vechain, Insta/Vechain

Crypto Mangal banner

VeChina Price Prediction For Aug 2022

Vechain Price Prediction

In the last 50 days, Vecain (VET) created a box pattern where the price was consolidating between two levels of $0.02690 – $0.02100. Recently, the daily candle closed above this box, indicating a breakout; if this level sustains itself, Vecain will likely go for a big move up to $0.04470.

However, if the price is rejected again, it will return to the side zone mode. You should consider this as a No Trading Zone and wait for a better opportunity to trade again.

Vechain Long-term Realistic Prediction (2022-2025)

Vechain Long-term Realistic Prediction

On the weekly chart, we can see that Vecain (VET) has dropped by more than 90% over the past 15 months. At the moment, it finds support at around $0.0200, which will also act as a resistance zone in August 2020. Currently, in my opinion, it’s in a recovery state, and a big move could happen.

The support range is between $0.020 and $0.025; if the price rises, the next resistance range is around $0.044. However, in the rejection face, the next area is $0.010 if the price cannot hold the support zone and the 1W Candle closes below $0.020. Also, there may be strong chances for a complete rebound up to $0.27 if prices maintain the next level of $0.044.

High Chance of VET Recovery

Vechain Chart Pattern

Long-term price movements follow a Zig-Zag pattern, also known as Higher High – Higher Low (For Up Side) and Lower Low – Lower High (For Down Side). Anyone can see in the ablow chart that currently Vechain (VET) at LL and LH pattern which indicates every significant fall requires some reverse momentum.

Crypto Mangal banner

Most Searched Crypto Prediction

VeChain Historical Price History

Vechain Price History
DateVET Price Event
VET Current Price$0.0329
May 2021 to NowBear Market Enter And Price Fall 90% ($0.020 Lowest)
April 2021Jump Almost 20x with a High of $0.26
Jan 2021First Time Cross The Previous High $0.02791
Dec 2018 to Dec 2020Sideways Moment ($0.002247 Lowest Price)
Dec 2018Touch a Low of $0.003379
Sep 2018Make a High of $0.01947
June 2018Trade on Exchange $0.013
2015Vechain Launch

FAQ’s

Q. What is the Current Price of Vechain?

The current price of (VET) VeChain Coin is $0.0329

Q. How to Know Is Vechain Stronger than Bitcoin?

You can use the Relative Strength Indicator with a comparative symbol of BTCUSD In TradingView.

Q. How High Can VET Realistically Go?

How far Vet Coin can reach depends entirely on how many businesses use this blockchain technology and conduct transactions. But if the cryptocurrency is a future and the VET closes above the $0.28 price level mark based on the weekly chart, then it has a good chance of reaching $1 as soon as possible.

Q. Is Vechain (VET) a Good Investment?

Many businesses use Vechain Blockchain Technology to easily track their products across the multi-level global supply chain. As platform VE T doing well but currently Vechain trading for roughly 90% less than its all-time high price, so as crypto investors, we should be alert before making any investing decisions.

Q. Which is the Best Platform to Buy Vechain?

There are many platforms like Binance, Coinbase, and ByBit where you can buy & sell Vechain Crypto.

Q. Is It Possible to Reach $10 For Vechain Coin?

Everything is possible and also not, things work on cause and effect. Talk about crypto so everything happens on how much acceptance you have, let’s say if all companies use the Vechain Blockchain Platform to track their products on the global supply chain then yes it may cross the $10 price mark easily.

Q. What will Will Vechain be Worth in 2030?

Because no one can predict 2030, the question is foolish. As a trader or investor, we should concentrate on the risk-reward trade ideas for today, this week, and this month rather than what will happen in 8 to 10 years. We should make our trades based on fundamentals, logic, and market sentiments.

Are You a Crypto Trader! Get Free Bitcoin Trade Alerts ✔