Vechain Price Prediction $75, $100.Vechain Price Prediction 2023-2030

Latest VeChain Price

Performance Summary

• Last 5 days: -4.0%
• Last 1 month: -14.8%
• Last 6 months: +1.4%
• Last 1 year: -64.4%

Vechain Latest News

• Vechain has recently partnered with Mircomation Inc to advance asset traceability.

Vechain Price Prediction Today

Vechain price prediction $75: Is VeChain a Good Investment?

VeChain is a blockchain platform that streamlines supply chain management by providing a complete view of all organizational processes by using smart chips or RFID tags and sensors to track products at every stage of the supply chain, providing real-time access to authorized stakeholders. VeChain aims to induce a network of computers to run a platform that enables companies to create and use decentralized applications. it gives businesses new tools for efficient data transfer and supply-chain management, facilitating improved digital collaboration between them. The system can also monitor and keep track of a wide range of operational details, including quality, validity, storage temperature, transportation, and delivery of products.

Key features of VeChain include

• Open-source VeChainThor blockchain for smart contracts and DApps
• In-house IoT and Supply Chain Management technology
• Native fee delegation eliminates the need for sponsored developers to pay for gas costs.
• Tools for managing the supply chain management system

VeChain has been able to make its presence in well-known organizations. Companies like BMW and LVMH, employ its supply chain solutions. Walmart China, for example, utilizes VeChain to track items such as fresh fruit and meat. As a result, those foods are entirely traceable; if an E.coli outbreak occurs, the source may be easily recognized.

VeChain Price Prediction $75: Who are the Competitors of VeChain?

Competitors to VeChain based upon its use cases, differences, and also reliability of blockchain, and ease of use of blockchain. Some of the important competitors of VeChain are:

• Corda
• Ethereum
• Hyperledger
• BlockCypher
• Blockstream

The platform comprises two specific tokens which give value to the network and power smart contract plans respectively:

• VeChain Token (VET)
• VeChainThor Energy (VTHO)

Overall, VeChain has real-world utility as it is trying to solve the supply chain problem of industries around the world. VeChain is positioning itself as a platform that will solve real-world economic issues with respect to security in delivery as well as providing technology to assist in the supply chain. Due to its unique feature, big brands like BMW have associated themselves with VeChain. However, one issue VeChain has is that it is not a well-known blockchain nor is its cryptocurrency with real-life cases for ordinary consumers. It is also unclear if the Token demand will rise substantially through B2B use cases.

VeChain has solid use cases but it is unclear if VET Token is a good investment. At best it can be classified as a moderate case for Investment

Vechain NFT stats

As per the latest data, Vechain NFT volume increased by 109% to reach $44,000 in just one day.

VeChain Price Prediction: Will Vechain reach $10?

To reach $10, VeChain will have to rise 400x. While this is not unusual in the Cryptocurrency industry, there are practical challenges.

• VeChain may have solid use cases but VET Token does not seem to have been designed for B2C use cases. It could change but not as of now
• VET reached its all-time high of $0.25 in April 2021, much earlier than other cryptocurrencies that reached an all-time high in November 2021
• While VET has recovered somewhat in the pump recently, it is a long way from its 2021 high.

At a conservative 25% per annum, VeChain could reach $10 in 17 years. However, such long-term predictions are unreliable; therefore, we would say VeChain is unlikely to reach $10.

Vet Price Prediction: Will VeChain Reach $1?

At the current price, Vechain will have to rise over 40 times to reach $1. Therefore, Yes, Vechain can reach $1.

As per the VET price prediction, if Vechain gains 30% a year from now, it will reach $1 in: 15 Years

As per the VET price prediction, if Vechain gains 50% a year from now, it will reach $1 in: 10 Years

Vechain Price Prediction: Will Vechain Reach $75?

To reach $75, Vechain will need to rise 3261 times. At $75, VeChain’s Market cap would be $5413 Billion. If VET were to rise at a pace of 25% every year, it would take 36 years to reach $75. Considering the fact that VET is a moderate case for Investment, here is the feasibility

• Growth required to reach $75: Not Feasible
• Market Cap at $75: Not Feasible
• Time required to reach $75 at 25% growth every year: Not Feasible

What happens if 90%of the coins were burnt?

If 90% of Vet coins were burnt, To reach $75, Vechain will need to rise 328 times. At $75, VeChain’s Market cap would be $541 Billion. If VET were to rise at a pace of 25% every year, it would take 26 years to reach $75. Overall, there is no scenario in which VET will reach $75.

Vechain Price Prediction $1000: Will VET reach $1000?

To reach $1000, VET needs to grow by 55,555 times, considering its current price of $0.018.

Note that it achieved its all-time high value of $0.23 in May 2021, where it grew by 52.27 times in 12 months (from a lower value of $0.0044 in May 2020). Thus, it has shown 4.35 times growth in one month.

Hence, it needs a minimum of 12,771 months (roughly 1,064 years) to reach a price as high as $1000.

VeChain Price Prediction 2023, 2025, and 2030 (Aggregated)

To read more VeChain Use Cases, Differentiators and Competitors, click here

Vechain Financial Report Q3 2022

• As per Vechain’s balance sheet, Vechain foundation’s holdings of BTC, ETH, VET, and stablecoins have decreased in 3^rd quarter of 2022.  
• Vechain’s total treasury asset value decreased by 26% by the end of Q3 and reached $397 million.
• Vechain Thor blockchain witnessed 48,296 new wallets created and 573 new smart contract deployments in Q3.
• Vechain foundation brought more SDG-related projects on Vechain Thor in 3^rd Quarter.
• Vechain foundation’s ecosystem operation cost increased in this quarter because of more business-related activities.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

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