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

VET-USDVeChain USD
$0.0193
CCC
$0.0002
1.09%
MarketcapVolume
1.4B29,917,942

What is VeChain?

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 comprises nodes (these nodes process transactions). Nodes are controlled by token holders who can vote for projects for VeChain Network.

VeChain Fundamentals

Before jumping to the Vechain price prediction and analysis, you should take a look at the fundamentals.

  • Launch Date2015
    Current Price$0.0193
    Market Cap$1,400,678,016.0
    Volume29,917,942
    52 Week High-Low$0.1196 - $0.0193
    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 & SocialVechain.org @Vechain, r/Vechain, Linkedin/Vechain, YouTube/Vechain, Insta/Vechain

VeChain History 

Vechain History

Vechain Historical Events

  • DateVET Price Event
    VET Current Price$0.0193
    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

VeChain Price Prediction For October 2022

Vechian Price Prediction For Oct 2022

VeChain Price Key Levels

  • Trend: Upside
  • Support: $0.022 - $0.021
  • Resistance: $0.033
  • Relative Strength : 40

In the above chart, you can clearly show that Vechain (VET) creates a Box pattern where the high is $0.033, and the low is $0.021.

It takes support more than 15 times near the $0.021; that's why this is a very crucial level, which means if the daily candle closes that level, we may see a big fall.

But as you show, the price takes consistent support, so there is a high chance that the price can go up again, and the first resistance is $0.026; after that, $0.033 is the strong resistance.

Vechian Long Term Price Prediction

Vechain Weekly Chart

The weekly chart shows that VeChain (VET) has dropped by more than 90% over the past 15 months. Currently, it finds support at around $0.0210, which will act as a resistance zone in August 2020 and June, July, and Sept 2022.

Currently, in my opinion, it's in a recovery state, and a big move could happen.

The support range is between $0.021 and $0.022; if the price rises, the next resistance range is around $0.033 to $0.034.

However, in the rejection face, the next area is $0.010 if the price cannot hold the support zone and the 1 week Candle closes below $0.020. Also, there may be strong chances for a complete rebound up to $0.33 if prices maintain the next level of $0.020.

Vechian Long Term Price Prediction

Vechain Zig-Zag Move

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 above chart that currently Vechain (VET) at LL and LH pattern, which indicates every significant fall requires some reverse momentum.

We run a successful Crypto Swing Trade Program where you can make great returns with minimum numbers of trades in a month.

Faq's

What is the Current Price of Vechain?

The current price of (VET) VeChain Coin is $0.0193

How to Know Is Vechain Stronger than Bitcoin?

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

How High could 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, it has a good chance of reaching $1 as soon as possible.

Is Vechain (VET) a Good Investment?

Many businesses use Vechain Blockchain Technology to track their products across the global supply chain. As the platform VET is doing well, Vechain is trading for roughly 90% less than its all-time high price, so as crypto investors, we should analyze before taking any investing decisions.

Is It Possible to Reach $10 For Vechain Coin?

Everything is possible and also not. Things work on cause and effect. Talk about crypto; growth is based on how fast people adopt this technology for business and transactions. Let's say that if all companies use the Vechain Blockchain Platform to track their products on the global supply chain, it may easily cross the $10 price mark.

What will Will Vechain be Worth in 2030?

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

Disclaimer

The information provided in this article is not financial or investing advice. The author does not make any warranties about this information's completeness, reliability, and accuracy. The cryptocurrency market is volatile, and it can be difficult to predict which coins will rise and fall in value over time. Any investor should research multiple viewpoints before committing to an investment.

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