In this guide, we will voice our own and market’s opinion on VET future while discussing Vechain price forecast for 2021 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.
VeChain (VET) Roadmap for 2021
There is no official roadmap for VeChain, the only info you can find on their website is that 2021 is reserved for “VeChain Ecosystem Expansion”.
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The Foundation wrote that its mission in the New Year is to “grow the transactions with business value and build infrastructure services around the VeChainThor blockchain to facilitate mass adoption.”
VeChain will be focusing on enterprise applications and dApps for real-world business activities.
The Vechain Foundation intends to provide SDKs, developer documentation, tools and smart contract templates along with turnkey package templates.
These could be directed towards tokenized asset issuance, digital asset management wallets, and data storage.
It will also work towards expanding its partner network and help them become experts in VeChain technology.
Captain Altcoin’s Vechain Price Prediction 2021
All crypto fans and holders have been enjoying the last couple of months of 2020 and the start of 2021. Bitcoin smashed all resistance levels and kept setting new all time highs.
All altcoins followed suit and their value in dollars skyrocketed. Additionally, there were a couple of short but very profitable altcoins bull seasons that saw new and old altcoins surging, bursting through old all-time high records and setting new milestones.
VeChain was one of those altcoins that had its five minutes of fame where it outperformed bitcoin and the rest of the market by a lot.
Is that growth sustainable and can VeChain reach new all time highs in 2021 is the question on mind of every current and potential VET holder.
Odds are that bitcoin is not yet done with rampaging the bears, which consequently means that altcoins are set to see more bull runs in 2021.
Should this be the case (we firmly believe that), VeChain`s current all time high is only a temporary stop station.
VeChain is bound to succeed, especially if we consider VeChain‘s fundamentals: the project has seen huge improvements on technological front, community growth was explosive, liquidity is abundant, real-world adoption (outside of crypto circles) is nearing, there were no major setbacks (no code deficiencies and exploitations, no conceptual flaws in its design, no team disputes or divisions etc).
The only dilemma is when will VeChain shine in full form – will it be in 2021 or will investors need to be armed with more patience. First part of 2021 was great for holders and offered us a glimpse into VeChain‘s ability to create shockwaves through the crypto world and beyond.
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.
Market prediction for VeChain price 2021
With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.
Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the VeChain (VET) price, which will give us another point of view to consider:
Wallet Investor VET price prediction
Walletinvestor is a popular website that does technical analysis-based price forecast of various cryptocurrencies. According to their VeChain price prediction, VET is expected to go surge all the way up to $0.10 in one year.
Trading Beasts also gave a very bullish prediction saying that by 2021 end, VeChain might be in between $0.10 to $0.13.
VeChain (VET) Future: 2023, 2025, 2030
VeChain Price Prediction 2023
VeChain Price Prediction 2025
VeChain Price Prediction 2030
Realistic VeChain (VET) Price Prediction
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