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VeChain Price Prediction 2025: Will VET Price Be the Leading Altcoin in 2024’s Bull Run?

Since its inception, VeChain has been dedicated to developing technologies that address challenges affecting the widespread adoption of blockchain. A significant milestone in this journey was reached a few months ago with the launch of VORJ. VORJ represents a groundbreaking innovation: a no-code Web3-as-a-Service platform. This platform empowers anyone to create, deploy, and interact with smart contracts on the VeChainThor blockchain without requiring expertise in Solidity programming language. The versatility of VORJ is remarkable. It offers seamless integration with existing blockchain projects and provides a user-friendly platform for building new projects from the ground up. One of the key features of VORJ is its compatibility with Ethereum standards. This ensures that contracts developed through VORJ can work across various Ethereum Virtual Machine (EVM) blockchains. This interoperability is a game-changer, especially for developers in the decentralized applications (DApps) and decentralized finance (DeFi) sectors, who can now leverage VeChainThor’s advanced technical capabilities. VeChain crypto has been on a buying demand in the last few months as it records massive gains on the price chart. Moreover, the recent listing on Coinbase and other fundamental developments of the VeChain project are creating a positive sentiment for VET price. Given these developments, it becomes increasingly relevant to examine VeChain’s market performance and evaluate its potential as an investment opportunity. Our VeChain price prediction 2025 aims to analyze the current market sentiment of VET price with in-depth technical analysis.


VeChain: A Quick Introduction

Established in 2015, VeChain represents a robust blockchain-based platform designed to enhance business ecosystems by enabling both businesses and consumers to verify the quality and authenticity of products. Utilizing cutting-edge technologies such as augmented reality (AR), virtual reality (VR), artificial intelligence (AI), the Internet of Things (IoT), and 5G, VeChain facilitates transparent information exchange, efficient collaboration, and rapid value transfer.

The platform has been crucial in bridging the gap between businesses and the tangible world, aiding in the improvement of supply chain management and product lifecycle processes. VeChain initially emerged as an ERC-20 token on the Ethereum blockchain in 2017, with its mainnet launching a year later in 2018.

A key component of VeChain is its public blockchain, VeChain Thor (VTHO), which supports a variety of services including smart contracts, decentralized applications (DApps), and on-chain governance. The VET coin, integral to the platform, is used for transactions within DApps.


VeChain also introduces the VeChain ToolChain, a low-code, blockchain-based Software as a Service (SaaS) platform, further expanding its capabilities.

The platform’s versatility and reliability have attracted major corporate entities from diverse sectors, such as PriceWaterhouse Cooper (PwC), Walmart China, and BMW Group, all leveraging VeChain for digital transformation on a global scale. This adoption underscores the vision of VeChain’s founder, Sunny Lu, who previously spearheaded IT and cybersecurity for Louis Vuitton China.

VeChain’s unique Blockchain-as-a-Service (BaaS) model is particularly effective for businesses seeking to track their products and perform quality assurance checks. This innovation not only streamlines business operations but also significantly reduces costs for involved parties, marking a new era in the application of blockchain technology in the business world.


VeChain: Working Module

Owners of VeChain tokens (VET) have the opportunity to earn passive income through two primary methods: staking and HODLing. Staking involves locking up VET tokens in a secure wallet, contributing to the maintenance and operation of the VeChain blockchain ecosystem, particularly in its proof-of-stake processes. This is somewhat akin to cryptocurrency mining, as both staking and mining are mechanisms to achieve network consensus. In return for staking their tokens, participants receive rewards from the blockchain.

Alternatively, VET holders can engage in HODLing, a strategy that involves holding onto the cryptocurrency for a long period, with the expectation that its value will increase over time. This long-term approach focuses on the potential future appreciation of the asset’s value.

An important aspect of understanding VeChain’s economic structure involves its dual-token system, including the role of VTHO (VeThor Token). VTHO represents the underlying costs associated with using the VeChain blockchain. The blockchain consumes VTHO during specific operations within its ecosystem.

Meanwhile, VeChain (VET) plays a crucial role in facilitating value transfer, promoting quick circulation, and enhancing the liquidity of the token throughout the blockchain network. Additionally, the VeChain blockchain rewards network nodes with VET tokens, incentivizing their contribution to the growth and stability of the network. This economic model maintains the balance of utility and incentives within the VeChain ecosystem.

It’s important to understand that in VeChain’s ecosystem, nodes are not directly involved in its economic model. Rather, their role is important in enhancing and maintaining the stability of the VeChain network. In the structure of VeChain, nodes function more as supportive elements for the ecosystem’s overall health and efficiency.

Furthermore, as outlined in VeChain’s whitepaper, there is an automatic generation of VTHO (VeThor Token) for users who hold VET (VeChain Token). This means that when a user possesses VET tokens, the blockchain system rewards them with VTHO. This mechanism is a key feature of VeChain’s operation, incentivizing token holders by providing them with additional tokens simply for holding VET, thereby contributing to the network’s robustness and activity.



VeChain Price Prediction: Price History

While it’s crucial to remember that historical performance is not a reliable indicator of future outcomes, understanding the historical trajectory of a cryptocurrency like VeET can provide valuable context when considering or analyzing VeChain price forecasts.

VeChain’s (VET) journey in the open market began in 2018, initially trading at approximately $0.01. For the next few years, its value remained relatively stable around this mark.

A significant upturn occurred in early 2021, a period marked by a general boom in the cryptocurrency market. During this phase, VeChain experienced a surge in value, reaching its peak at $0.2782 on April 17. However, this high was followed by a decline, with VET’s value dropping below $0.10 in the summer months. It saw some fluctuation afterwards, trading around $0.15 in the fall, but concluded the year at a lower point of $0.0828.

The year 2022 proved to be challenging for the cryptocurrency world at large, and VeChain was no exception. Initially, VET’s performance was relatively stable, but the landscape changed dramatically in May following the collapse of the Terra (LUNA) blockchain, which had a ripple effect across the market. Subsequent events, including the bankruptcy of the FTX (FTT) exchange, further dampened any chances of recovery for VeChain. By the end of 2022, VET had declined to $0.01578, marking an 80% decrease in its value over the course of the year.

In 2023, VeChain’s (VET) performance has been somewhat underwhelming overall. The year began on a promising note with VET rallying above $0.03 in February, but this uptrend was short-lived.

The market faced significant turbulence on June 16, triggered by the news of the United States Securities and Exchange Commission (SEC) suing major cryptocurrency exchanges Binance and Coinbase. This development adversely impacted VET, causing its value to drop to $0.01442. Despite these challenges, VeChain managed to recover some ground, surpassing the $0.02 mark in late June and early July.

However, the cryptocurrency market encountered another setback in August, influenced by Elon Musk’s SpaceX offloading a substantial amount of Bitcoin (BTC). This event further dampened VET’s value, leading it to a low of $0.01467 by September 11. Interestingly, the situation regarding Coinbase later seemed to have a positive effect on VeChain’s value, as by September, VET was trading at around $0.016.

Over the last two months, VET price has been surging as it broke above $0.02 in November. The surge continues ahead as it now trades above $0.035, aiming to end 2023 on a bullish note.


VET Price Forecast: Technical Analysis

Recently, the VeChain coin price experienced intense bullish sentiment, which has triggered buyers near the immediate resistance levels. The price has made a breakout momentum above $0.032 as the BTC price touched a high of $44K. However, after surging above the $0.037-mark, VeChain’s price sparked a minor selling momentum and declined. The price has been facing minor rejections recently as it lost buyers’ confidence. A thorough technical analysis of the VET coin price reveals bullish indicators, which may soon send the price to new highs. 

According to Coinmarketcap, the VET price is currently trading at $0.034, reflecting a decrease of 1.8% in the last 24 hours. Our technical evaluation of the VeChain price indicates that the current bullish momentum may soon fade as bears are attempting to reverse the trend from the upcoming resistance at $0.037; however, bulls are trying to prevent the price from dropping below the immediate support level of $0.033. Examining the daily price chart, the VET coin price has found support near the 23.6% Fib level, from which the price gained bullish momentum and attempted to break above multiple Fib channels. As VET price continues to trade above the EMA20 trend line, buyers are gaining confidence to open further long positions and send the price to test its upcoming resistance. The Balance of Power (BoP) indicator is currently trading in a negative region at 0.74 as sellers are increasing their domination on the price chart.

To thoroughly analyze the price of a VET token, it is crucial to take a look at the RSI-14 indicator. The RSI indicator recently experienced a decline as the VeChain price holds sellers’ demand near support channels. The trend line is currently hovering above the midline as it trades at level 51, hinting that further upward correction is on the horizon. It is anticipated that the VET price will soon attempt to break above its immediate Fibonacci level to achieve its short-term bullish goals of around $0.037. If bears fail to plunge below the current 0.038 Fibonacci region, an upward trend might be on the horizon. 

As the SMA-14 continues its swing by trading at 60, it trades slightly above the RSI line, potentially holding promises about the coin’s upward movement on the price chart. If VeChain’s price makes a bullish reversal above $0.037, it can pave the way to resistance at $0.05. A breakout above will drive the coin’s price toward the upper limit of the Bollinger band at $0.064 and then to $0.089.

Conversely, if VET fails to hold above the critical support region of $0.033, a sudden collapse may occur, resulting in further price declines and causing the coin’s price to trade near the Bollinger Band’s lower limit of $0.026. If the price fails to continue a trade above, it may trigger a more significant bearish downtrend to $0.018.


VeChain Price Prediction By Blockchain Reporter


VeChain Price Prediction 2023

The price of VeChain is predicted to reach a minimum value of $0.0331 in 2023. The VeChain price could reach a maximum value of $0.0376 with the average trading price of $0.0366 throughout 2023.


VeChain Price Prediction 2024

According to our deep technical analysis on past price data of VET, in 2024 the price of VeChain is forecasted to be at around a minimum value of $0.0512. The VeChain price value can reach a maximum of $0.0604 with the average trading value of $0.0526.


VET Price Forecast for 2025

VeChain price is forecast to reach a lowest possible level of $0.0746 in 2025. As per our findings, the VET price could reach a maximum possible level of $0.0883 with the average forecast price of $0.0772.


VeChain (VET) Price Prediction 2026

VeChain price is forecast to reach a lowest possible level of $0.1059 in 2026. As per our findings, the VET price could reach a maximum possible level of $0.1295 with the average forecast price of $0.1089.


VeChain Price Prediction 2027

The price of VeChain is predicted to reach a minimum level of $0.1498 in 2027. The VeChain price can reach a maximum level of $0.1840 with the average price of $0.1553 throughout 2027.


VeChain Price Prediction 2028

According to our deep technical analysis on past price data of VET, in 2028 the price of VeChain is predicted to reach a minimum level of $0.2200. The VET price can reach a maximum level of $0.2620 with the average trading price of $0.2278.


VeChain (VET) Price Prediction 2029

As per the forecast price and technical analysis, in 2029 the price of VeChain is predicted to reach a minimum level of $0.3164. The VET price can reach a maximum level of $0.3862 with the average trading price of $0.3278.


VeChain Price Forecast 2030

As per the forecast and technical analysis, in 2030 the price of VeChain is expected to reach a minimum price value of $0.4692. The VET price can reach a maximum price value of $0.5519 with the average value of $0.4856.


VeChain (VET) Price Prediction 2031

The price of 1 VeChain is expected to reach a minimum level of $0.6812 in 2031. The VET price can reach a maximum level of $0.8134 with the average price of $0.7055 throughout 2031.


VeChain Price Prediction 2032

The price of VeChain is predicted to reach a minimum value of $0.9294 in 2032. The VeChain price could reach a maximum value of $1.16 with the average trading price of $0.9576 throughout 2032.


VeChain Price Forecast: Targets By Experts

According to the current VeChain price prediction by Coincodex, the price of VeChain is expected to decrease by -0.91% and reach $0.034668 by December 28, 2023. Coincodex’s technical indicators suggest that the current market sentiment is Bullish, and the Fear & Greed Index indicates a value of 70 (Greed). In the past 30 days, VeChain has experienced 21/30 (70%) green days with a price volatility of 17.00%. Based on Coincodex’s VeChain forecast, this period is considered a favorable time to purchase VeChain.

Taking into account the historical price trends of VeChain and the Bitcoin halving cycles, it is estimated that the lowest price of VeChain in 2024 could be around $0.032275. Additionally, Coincodex’s forecast suggests that the price of VeChain might climb to a high of $0.134634 in the next year.

According to the forecast data analysis by Digital Coin Price, the price of VET (VeChain) is anticipated to surpass $0.0860 in 2024. By the year’s end, VeChain is projected to attain a minimum value of $0.0748, with the potential to reach a maximum of $0.0893. Further, Digital Coin Price’s analysis predicts that in 2032, the price of VET could exceed $0.66, potentially reaching a minimum of $0.65 and a maximum of $0.67 by the end of that year.


Is VeChain A Good Investment? When To Buy?

Determining the future trajectory of VeChain is challenging. The cryptocurrency has experienced an uptrend over the past three months, erasing nearly all of its bearish hopes of the year. Its recent inclusion on Coinbase has likely increased its visibility among potential investors, despite the uncertain legal status of Coinbase itself.

With the project seeking to increase the adoption of blockchain in future, VET coin can be a profitable investment option in the long term. An investment at around $0.03 can be profitable for holders.


Conclusion

VeChain focuses on enhancing global business collaboration and value transfer through transparent information exchange. Known for its innovative approach in supply chain management, VeChain stands out in the crypto industry for its emphasis on transparency, security, and efficiency. While it shows potential for transforming global business practices, investors should exercise caution due to the volatile nature of cryptocurrencies.

VeChain enjoys strong community support and a reputable position in the crypto market, backed by an experienced team. Its future is uncertain, but it currently presents itself as a promising investment and solution for real-world applications. 

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