In this guide, we will voice our own and market’s opinion on VET future while discussing Vechain price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like VET.
Now, let’s head into it.
Before we delve deep into the Vechain price prediction and answer questions if Vechain is a good investment or not, why will VET succeed or fail or why will VET price rise or drop, let’s quickly throw a glance at what is Vechain and its to date history.
VeChain is Asia-based project that is expanding its IoT and supply chain focused platform through the creation of the VeChain Thor network.
VeChain Thor’s goal is to be an enterprise geared blockchain ecosystem focused on governance and ease of use. The project plans to operate a native blockchain that will enable businesses to easily use various smart contract applications. VeChain focuses primarily on exchanging and storing data through the blockchain and has run live applications in the supply chain space.
Check out our guide on the best VeChain Wallets.
Captain Altcoin’s Vechain Price Prediction 2021
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will VET develop in the short-term (for the next 90 days), according to our prediction model:
VeChain Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
VET Price Prediction 2025
Our prediction model sees VET reaching $ 0.0554 in 2025.
What will VET be worth in 5 years?
The price of VET in 5 years could lie around $ 0.0445, according to CaptainAltcoin’s prediction model.
VeChain Price Prediction 2030 – 2040
What VeChain will be worth in 2030?
Our forecasting model sees VeChain reaching $0.1386 in 2030.
What VeChain will be worth in 2040?
Our forecasting model sees VeChain reaching $0.2772 in 2040.
Will VeChain replace / surpass / overtake Bitcoin?
No, VeChain will not replace or overtake BTC.
Can VeChain reach $10?
No, our prediction model sees no possibility for VeChain to reach $10 in the short or mid-term period.
Can VeChain reach $100?
No, our prediction model sees no possibility for VeChain to reach $100 in the short or mid-term period.
Is VeChain worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, VeChain is worth buying.
Is VeChain a good investment?
VeChain is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will VeChain be worth?
For the short-term future, it could reach $0.0136. In the long-term (8-10 years), it could jump to $0.1386 or even higher.
Why will VeChain succeed and go up in price?
VeChain has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees VeChain rising up to $0.1386 in 2030.
Why will VeChain fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
Can VeChain reach $1?
Yes, it is possible that VeChain can reach $1 but only in the distanced future, after 2030.
How high will VeChain go?
Our forecasting model sees VeChain price exploding and reaching $0.2772 in a distant future.
What is the short-term prediction for VeChain?
VeChain will reach $0.0136 in the next 90 days, which is a 41.2% change over the current price which hovers around $0.0231.
Can VeChain make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a VeChain millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in VeChain could make you a millionaire.
VeChain Price Prediction Today - What will be the price of VeChain tomorrow?
VeChain will hover around $0.0233 tomorrow.
VeChain prediction: long-term
Finally, let’s lift our looks a bit farther and give a long-term outlook and Vechain price prediction.
As a result of ICO mania from 2017, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will VET be among those 5%?
Good probability of that happening.
First and foremost, VeChain has built a broad and ardent community that is more educated and patient than most of other “get rich quick” altcoin’s communities where holders only discuss price in a hostile and ill-bred manner.
The Vechain Foundation is very balanced in their approach to the 3 most important dimensions of every crypto project: technology development, forging business partnerships and community fostering.
Not only is VeChain, led by a great founder in that of Sunny Lu, who has great experience working within enterprises, but also the never ending “Enterprise Partnerships” that they continue to build, although taking time to get things moving from start to actually used in the public, it happens. To name a few from there expanding list so far they are : DNGVL, PWC, Walmart China, BYD and many more that can be also found on VeChain Insiders website.
VET has a chance to be one of the first broadly used blockchains in one of the most realistic use cases for a decentralized ledger: supply chain management. All of this instills holders with justified hope that their token is worth holding through the bear dominated times.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com