Vechain Price Prediction $75, $1000
|Current Market Cap||$1.2 B||Higher|
|Trading Volume||$25.1 M||Steady|
|Metric||Last 24 Hours||Trend|
|Net Social Media Sentiment||73.6%||Lower|
September 27th: Active Wallet Addresses: 2.19M, Number of Transactions Till Date: 49.2 Million
- TVL: VET: $0.9 M, ETH: $21.4B
- Rank: VET: 127th, ETH: 1st
- Last 7 days change: VET: -5.1%, ETH: +0.9%
- Last 30 days change: VET: -0.6%, ETH: +3.4%
VeChain, VET, Buy or Sell (New)
- September 20th: +93.1%
- September 25th: +94.7%
- September 27th: +94.9%
VeChain Price Prediction $75: What is VeChain?
VeChain is a blockchain platform for supply chain management, offering full transparency into organizational processes via smart chips, RFID tags, and sensors. Key features include comprehensive supply chain tracking, a dual token system (VeChain Tokens (VET) and VeChain Thor Power (VTHO)), smart contract capabilities, IoT device integration, and support for decentralized application (dApp) development.
VET, the platform’s native cryptocurrency, can be used for payments, voting on ecosystem decisions, executing smart contracts, staking to earn VTHO, and as collateral for loans.
VeChain is used by major companies like BMW and Walmart China for supply chain solutions but faces competition from platforms like Corda, Ethereum, and Hyperledger. Despite its real-world use cases and strong partnerships, VeChain’s market recognition and token demand are uncertain, making it a moderate investment prospect.
Vechain Price Prediction $75: 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.
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.