Thursday, December 8, 2022
 

VeChain (VET) Price Prediction: Will VET Price Hit $0.1 in 2022?

  • Bullish VeChain (VET) price prediction ranges from $0.03246 to $0.06000.
  • Analysis suggests that VET price might reach $0.1 soon.
  • VET’s bearish market price prediction for 2022 is $0.01140.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. VeChain (VET) is one of them.

VeChain is a platform built on the blockchain that promises to help businesses and organizations manage their supply chains better. VeChain (VET), formerly known as VeChainThor, is a platform that aims to lower entry barriers and make it possible for current enterprises to utilize the benefits of blockchain technology to address real-world issues.

If you are interested in the future of VET and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is VeChain (VET)?

VeChain (VET), formerly VeChainThor, is a platform that intends to lower entry barriers and empower existing enterprises to leverage the value of blockchain technology to solve real-world issues. On its blockchain, VeChainThor stores an increasing number of business application values. In a word, VeChainThor aims to provide technical features tailored to the actual requirements of developers, users, and businesses.

VeChain (VET) is a versatile L1 smart contract platform for enterprises. VeChain originated in 2015 as a private consortium chain, collaborating with a variety of businesses to explore blockchain applications. VeChain would begin its move to the public blockchain with the ERC-20 token VEN in 2017, before establishing its mainnet in 2018 under the ticker VET.

The platform uses two tokens, VET and VTHO, to manage and produce value on its public VeChainThor blockchain. VET produces VTHO and serves as the value store and value transfer medium. VTHO is utilized to pay for GAS fees, freeing VET for data writing. This has the added benefit of ensuring that network costs may be kept steady by adjusting variables such as the amount of VTHO required to service a transaction or by increasing the pace of VTHO generation. +Such actions first require all-stakeholder community votes.

Sunny Lu is the creator and co-founder of VeChain. VeChain was founded to challenge traditional business paradigms, and it is most known for its work in the supply chain, an area that has altered little over the years. Its efforts to provide a decentralized trust layer for multi-party ecosystems have already shown significant results with high-profile clients and government agencies.

Consequently, the VeChain platform is appealing to a diverse range of businesses and consumers. According to the official VeChain documentation, the network’s unique selling point is its dual-token setup, along with transformative protocols like ‘fee delegation’ and its one-stop ‘ToolChain’ platform, which allow crypto-averse businesses to pay in fiat for VeChain’s Blockchain-as-a-service while smart contracts handle gas payment costs, guaranteeing frictionless use of the network even in strict jurisdictions.

Compared to technology like Bitcoin, VeChain’s (VET) proof-of-authority (PoA) token only needs a little processing power to ensure network security.

VeChain (VET) Current Market Status

With 72,511,146,418 VET in circulation, VeChain (VET) trades at $0.03275 at the time of writing. VET has a 24-hour trading volume of $94,126,506.94, and during the previous 24 hours, the price of VET has decreased by 2.28%.

At the moment, the most popular exchanges to trade VeChain (VET) are Binance, CoinW, Bybit, BingX, and MEXC. Let’s continue with our VET price research for 2022.

VeChain (VET) Price Analysis – Keltner Channel

VET/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of VeChain (VET) can be predicted using the Keltner Channel indications for VET/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. Also, since the last candlestick is bearish, the price may go sideways for a while.

VeChain (VET) Price Analysis – Relative Strength Index

VET/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 67.12. A movement above 50 indicates that more traders are buying VET rather than selling, and are driving the price up. If the RSI is above 70, we may look for a short-term sell option. 

VeChain (VET) Price Analysis – Moving Average

VET/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of VeChain (VET)’s 200-day, 100-day, and 50-day Moving Averages (MAs). VET is now running sideways and slightly forming an uptrend after touching the support. Notably, the VET 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish. Because the 200-MA is above the 100-MA, we may conclude that the price is bullish for long-term buyers.  Furthermore, because the difference between the moving averages is large and within the recently formed candlesticks, the price of VeChain (VET) may see a significant gain or decline in the future.

VeChain (VET) Price Prediction 2022

VET/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of VET/USDT, VET price was swinging from $0.02019 to $0.03246 after touching the support level of $0.02018-$0.01805. Bouncing back from the support level, VET is now going sideways in the market and is expected to break out the bearish flag.

Meanwhile, our long-term VET price prediction for 2022 is bullish since it cannot break the support level. Watchers can expect VET to reach $0.06000 this year. 

VeChain (VET) Price – Resistance and Support Levels

VET/USDT 1-Day Chart (Source: TradingView)

This chart below shows that the price of VET has decreased in the past few months. Moreover, the price of VET is down by 3.73% in the past 24 hours after a slight pump during the week. If this continues, VET might keep running bulls, breaking its $0.04266 resistance 1 level and the double top formation, and eventually moving higher to $0.06405.

If VET cannot break the $0.04266 resistance 1 level, the bears may seize control and dethrone VET to a downtrend stance. In simple terms, the price of VET might fall to almost $0.01601, indicating a negative signal given by the previous support level.

VeChain (VET) Price Prediction 2023 

VeChain (VET) will hit $0.08362 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $0.05. The growth will thereafter moderate, but no significant drops are forecast. 

VeChain (VET) Price Prediction 2024 

VeChain (VET) price can rise to incredible heights, peaking at $0.10646. This is only feasible if the market continues its upward path and only if VET breaks through the past psychological resistance levels.

VeChain (VET) Price Prediction 2025

VET prices might grow to $0.12549 during the next three years. Furthermore, hitting this level may not be so tough for VET because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered.

VeChain (VET) Price Prediction 2026

VET prices might grow to $0.18869 during the next four years. Furthermore, hitting this level may not be so tough for VET because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered.

VeChain (VET) Price Prediction 2027

VET prices might soar to $0.29431 in the next five years. Furthermore, hitting this level may not be so tough for VET as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, VET has a strong chance of reaching the previous ATH.

VeChain (VET) Price Prediction 2028

In the next six years, VET prices could rise to $0.46330. More so, reaching this level could not be so difficult for VET as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, VET has a strong chance of reaching the previous ATH.

VeChain (VET) Price Prediction 2029

In the next seven years, VET prices could rise to $0.63268. More so, reaching this level could not be so difficult for VET as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, VET has a strong chance of reaching the previous ATH.

VeChain (VET) Price Prediction 2030

In the next eight years, VET prices could rise to $0.73736. More so, reaching this level could not be so difficult for VET as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, VET has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach above $0.5 if investors have decided that VET is a good investment along with mainstream cryptocurrencies.   

FAQ

What is VET?

VeChain (VET), rebranded as VeChainThor, is a platform that intends to lower entry barriers and empower existing enterprises to leverage the value of blockchain technology to solve real-world issues. On its blockchain, VeChainThor stores an increasing number of business application values. In a word, VeChainThor aims to provide technical features tailored to the actual requirements of developers, users, and businesses.

How to buy VET tokens?

Like other digital assets in the crypto world, VET can be traded on many exchanges. Binance, CoinW, Bybit, BingX, and MEXC are currently the most popular cryptocurrency exchanges for trading VET.

Will VET surpass its current ATH?

Since VET provides investors with several opportunities to profit from their crypto holdings, VET seems to be a really good investment in 2022. Notably, VET has a high possibility of surpassing its current ATH in 2027.

Can VET reach $0.08 soon?

In terms of active crypto assets, VET is one of the few that continues to rise in value. As long as this bullish trend continues, VET might break through $0.05984 and reach above  $0.08. Of course, if the current market favoring crypto continues, this is extremely likely to happen.

Is VET a good investment in 2022?

As one of the fastest-rising cryptocurrencies, VET is expected to continue its rise. We may also conclude that VET is an excellent cryptocurrency to invest in this year, given the recent partnerships that have enhanced its acceptance.

What is the lowest price of VET?

The lowest price of VET is $0.001678, which was attained on March 13, 2020, according to CoinMarketCap.

Which year was VET launched?

VET was launched on 2015.

Who are the co-founders of VET?

The VeChain or VET was founded by Sunny Lu.

What is the maximum supply of VET?

The maximum supply of VET is 86,712,634,466 VET.

How do I store VET?

VET can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the VET price in 2023?

VET price is expected to reach $0.08362 by 2023.

What will be the VET price in 2024?

VET price is expected to reach $0.10646 by 2024.

What will be the VET price in 2025?

VET price is expected to reach $0.12549 by 2025.

What will be the VET price in 2026?

VET price is expected to reach $0.18869 by 2026.

What will be the VET price in 2027?

VET price is expected to reach $0.29431 by 2027.

What will be the VET price in 2028?

VET price is expected to reach $0.46330 by 2028.

What will be the VET price in 2029?

VET price is expected to reach $0.63268 by 2029.

What will be the VET price in 2030?

VET price is expected to reach $0.73736 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bullish VeChain (VET) price prediction ranges from $0.03246 to $0.06000.
  • Analysis suggests that VET price might reach $0.1 soon.
  • VET’s bearish market price prediction for 2022 is $0.01140.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. VeChain (VET) is one of them.

VeChain is a platform built on the blockchain that promises to help businesses and organizations manage their supply chains better. VeChain (VET), formerly known as VeChainThor, is a platform that aims to lower entry barriers and make it possible for current enterprises to utilize the benefits of blockchain technology to address real-world issues.

If you are interested in the future of VET and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is VeChain (VET)?

VeChain (VET), formerly VeChainThor, is a platform that intends to lower entry barriers and empower existing enterprises to leverage the value of blockchain technology to solve real-world issues. On its blockchain, VeChainThor stores an increasing number of business application values. In a word, VeChainThor aims to provide technical features tailored to the actual requirements of developers, users, and businesses.

VeChain (VET) is a versatile L1 smart contract platform for enterprises. VeChain originated in 2015 as a private consortium chain, collaborating with a variety of businesses to explore blockchain applications. VeChain would begin its move to the public blockchain with the ERC-20 token VEN in 2017, before establishing its mainnet in 2018 under the ticker VET.

The platform uses two tokens, VET and VTHO, to manage and produce value on its public VeChainThor blockchain. VET produces VTHO and serves as the value store and value transfer medium. VTHO is utilized to pay for GAS fees, freeing VET for data writing. This has the added benefit of ensuring that network costs may be kept steady by adjusting variables such as the amount of VTHO required to service a transaction or by increasing the pace of VTHO generation. +Such actions first require all-stakeholder community votes.

Sunny Lu is the creator and co-founder of VeChain. VeChain was founded to challenge traditional business paradigms, and it is most known for its work in the supply chain, an area that has altered little over the years. Its efforts to provide a decentralized trust layer for multi-party ecosystems have already shown significant results with high-profile clients and government agencies.

Consequently, the VeChain platform is appealing to a diverse range of businesses and consumers. According to the official VeChain documentation, the network’s unique selling point is its dual-token setup, along with transformative protocols like ‘fee delegation’ and its one-stop ‘ToolChain’ platform, which allow crypto-averse businesses to pay in fiat for VeChain’s Blockchain-as-a-service while smart contracts handle gas payment costs, guaranteeing frictionless use of the network even in strict jurisdictions.

Compared to technology like Bitcoin, VeChain’s (VET) proof-of-authority (PoA) token only needs a little processing power to ensure network security.

VeChain (VET) Current Market Status

With 72,511,146,418 VET in circulation, VeChain (VET) trades at $0.03275 at the time of writing. VET has a 24-hour trading volume of $94,126,506.94, and during the previous 24 hours, the price of VET has decreased by 2.28%.

At the moment, the most popular exchanges to trade VeChain (VET) are Binance, CoinW, Bybit, BingX, and MEXC. Let’s continue with our VET price research for 2022.

VeChain (VET) Price Analysis – Keltner Channel

VET/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of VeChain (VET) can be predicted using the Keltner Channel indications for VET/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. Also, since the last candlestick is bearish, the price may go sideways for a while.

VeChain (VET) Price Analysis – Relative Strength Index

VET/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 67.12. A movement above 50 indicates that more traders are buying VET rather than selling, and are driving the price up. If the RSI is above 70, we may look for a short-term sell option. 

VeChain (VET) Price Analysis – Moving Average

VET/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of VeChain (VET)’s 200-day, 100-day, and 50-day Moving Averages (MAs). VET is now running sideways and slightly forming an uptrend after touching the support. Notably, the VET 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish. Because the 200-MA is above the 100-MA, we may conclude that the price is bullish for long-term buyers.  Furthermore, because the difference between the moving averages is large and within the recently formed candlesticks, the price of VeChain (VET) may see a significant gain or decline in the future.

VeChain (VET) Price Prediction 2022

VET/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of VET/USDT, VET price was swinging from $0.02019 to $0.03246 after touching the support level of $0.02018-$0.01805. Bouncing back from the support level, VET is now going sideways in the market and is expected to break out the bearish flag.

Meanwhile, our long-term VET price prediction for 2022 is bullish since it cannot break the support level. Watchers can expect VET to reach $0.06000 this year. 

VeChain (VET) Price – Resistance and Support Levels

VET/USDT 1-Day Chart (Source: TradingView)

This chart below shows that the price of VET has decreased in the past few months. Moreover, the price of VET is down by 3.73% in the past 24 hours after a slight pump during the week. If this continues, VET might keep running bulls, breaking its $0.04266 resistance 1 level and the double top formation, and eventually moving higher to $0.06405.

If VET cannot break the $0.04266 resistance 1 level, the bears may seize control and dethrone VET to a downtrend stance. In simple terms, the price of VET might fall to almost $0.01601, indicating a negative signal given by the previous support level.

VeChain (VET) Price Prediction 2023 

VeChain (VET) will hit $0.08362 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $0.05. The growth will thereafter moderate, but no significant drops are forecast. 

VeChain (VET) Price Prediction 2024 

VeChain (VET) price can rise to incredible heights, peaking at $0.10646. This is only feasible if the market continues its upward path and only if VET breaks through the past psychological resistance levels.

VeChain (VET) Price Prediction 2025

VET prices might grow to $0.12549 during the next three years. Furthermore, hitting this level may not be so tough for VET because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered.

VeChain (VET) Price Prediction 2026

VET prices might grow to $0.18869 during the next four years. Furthermore, hitting this level may not be so tough for VET because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered.

VeChain (VET) Price Prediction 2027

VET prices might soar to $0.29431 in the next five years. Furthermore, hitting this level may not be so tough for VET as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, VET has a strong chance of reaching the previous ATH.

VeChain (VET) Price Prediction 2028

In the next six years, VET prices could rise to $0.46330. More so, reaching this level could not be so difficult for VET as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, VET has a strong chance of reaching the previous ATH.

VeChain (VET) Price Prediction 2029

In the next seven years, VET prices could rise to $0.63268. More so, reaching this level could not be so difficult for VET as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, VET has a strong chance of reaching the previous ATH.

VeChain (VET) Price Prediction 2030

In the next eight years, VET prices could rise to $0.73736. More so, reaching this level could not be so difficult for VET as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, VET has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach above $0.5 if investors have decided that VET is a good investment along with mainstream cryptocurrencies.   

FAQ

What is VET?

VeChain (VET), rebranded as VeChainThor, is a platform that intends to lower entry barriers and empower existing enterprises to leverage the value of blockchain technology to solve real-world issues. On its blockchain, VeChainThor stores an increasing number of business application values. In a word, VeChainThor aims to provide technical features tailored to the actual requirements of developers, users, and businesses.

How to buy VET tokens?

Like other digital assets in the crypto world, VET can be traded on many exchanges. Binance, CoinW, Bybit, BingX, and MEXC are currently the most popular cryptocurrency exchanges for trading VET.

Will VET surpass its current ATH?

Since VET provides investors with several opportunities to profit from their crypto holdings, VET seems to be a really good investment in 2022. Notably, VET has a high possibility of surpassing its current ATH in 2027.

Can VET reach $0.08 soon?

In terms of active crypto assets, VET is one of the few that continues to rise in value. As long as this bullish trend continues, VET might break through $0.05984 and reach above  $0.08. Of course, if the current market favoring crypto continues, this is extremely likely to happen.

Is VET a good investment in 2022?

As one of the fastest-rising cryptocurrencies, VET is expected to continue its rise. We may also conclude that VET is an excellent cryptocurrency to invest in this year, given the recent partnerships that have enhanced its acceptance.

What is the lowest price of VET?

The lowest price of VET is $0.001678, which was attained on March 13, 2020, according to CoinMarketCap.

Which year was VET launched?

VET was launched on 2015.

Who are the co-founders of VET?

The VeChain or VET was founded by Sunny Lu.

What is the maximum supply of VET?

The maximum supply of VET is 86,712,634,466 VET.

How do I store VET?

VET can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the VET price in 2023?

VET price is expected to reach $0.08362 by 2023.

What will be the VET price in 2024?

VET price is expected to reach $0.10646 by 2024.

What will be the VET price in 2025?

VET price is expected to reach $0.12549 by 2025.

What will be the VET price in 2026?

VET price is expected to reach $0.18869 by 2026.

What will be the VET price in 2027?

VET price is expected to reach $0.29431 by 2027.

What will be the VET price in 2028?

VET price is expected to reach $0.46330 by 2028.

What will be the VET price in 2029?

VET price is expected to reach $0.63268 by 2029.

What will be the VET price in 2030?

VET price is expected to reach $0.73736 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

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