VeChain’s price is predicted by using historical data and technical information. The article uses historical data to predict the VeChain price (VET) in the future. Check out the VeChain price prediction for 2023 and beyond, as well as 2025 and 30. Current price is $0.02404.
What Is VeChain?
VeChain, a platform based on blockchain technology for business and supply chain processes, is designed to manage the entire process of managing a company’s supply chain. This platform utilizes distributed ledger technology in order to allow businesses to track their product’s authenticity throughout the entire supply chain.
VeChain launched in 2018 its mainnet after being founded in 2015. Platform uses native cryptocurrency VET (VeChain token) to facilitate exchanges on the network. VET can be used as a token to create VeThor, which is then used for smart contracts and transaction fees.
VeChain provides a variety of services including data certification and anti-counterfeiting, as well as product lifecycle, supply chain, and information management. This platform uses RFID, NFC, and blockchain technologies to track the products from their manufacturing stage to final delivery.
VeChain is in partnership with a wide range of businesses, such as Walmart China, BMW DNV GL PwC and many others. VeChain has been able to increase its adoption and reach through these partnerships, which include food and beverages, luxury products, pharmaceuticals, BMW, DNV GL, etc.
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Who Created VeChain?
VeChain is a co-founded company by Sunny Lu, Jay Zhang and Jay Zhang. Sunny Lu has over 15 years experience as a serial IT entrepreneur. He was CIO at Louis Vuitton China before co-founding VeChain. Jay Zhang has over 10 years of expertise in risk and finance management. VeChain was founded by the two with the aim of using blockchain technology to enhance supply chain management. VeChain, which was launched in 2013, has grown to be one of the most popular blockchain platforms used for supply chain management.
What Is Unique About VeChain?
VeChain, founded in order to disrupt traditional business models and challenge the status quo, is most well-known for its supply chain work, an area that has not changed much over time. VeChain’s efforts in providing a decentralized layer of trust for multi-party eco-systems has already produced significant results, with both high-profile government agencies and clients.
Smart contracts, which are based on transparent technology, provide a trustless automated system that allows for greater efficiency and tracking of all data types. This also lowers costs. The digitisation and automation of collaboration and trust benefits many industries, including carbon, supply chains, international logistics and incentivized eco-systems.
VeChain’s platform is therefore appealing to clients from a wide range of industries and sectors.
According to VeChain’s official literature, its unique proposition lies in its dual-token setup alongside transformative protocols like ‘fee delegation’ and its one-stop ‘ToolChain’ platform, which means crypto-wary companies can pay in fiat for VeChain’s Blockchain-as-a-service, while smart contracts handle gas payment costs, ensuring frictionless network use even in strict jurisdictions.
VeChain Price Prediction Price Analysis
VeChain’s current value is $0.024 according to most recent data. VET ranks #34 overall in the crypto ecosystem. VeChain’s circulation supply is 72,511,146.418 with a $1,753,263,042 market cap.
In the past 24 hours, cryptocurrency value dropped by 0.31 percent. Comparing the VET’s current market capitalization to that of the previous day, it is clear the VET market capitalization has also decreased.
VET has been on an upward trend for the past 7 days. It increased by 7.65%. VeChain recently showed tremendous potential. This could be a great time to invest.
VeChain has seen a 0.876% increase in value when comparing the price of the present to that of the 30 day price history. Average monthly minimum prices were $0.023, and maximum average prices $0.024. The coin’s price is consistent with its suitability as an asset for your coin collection.
Price changes of approximately 29.79% were observed in the 90 previous days. Prices ranged from $0.016 minimum to $0.019 maximum.
VeChain’s trend has been rising over the past four months. We believe, therefore, that segments similar to those of the current market were popular. VeChain’s trading volume has grown in the past four months, according to recent data. Trading volume is a major factor in determining the price.
The coin’s price has risen by 21.53 percent in the past four months. It reached a high of $0.021 at the maximum and fell to a low of $0.019.
What is VeChain?
VeChainIDs are an integral part of VeChain’s blockchain. Each product has a unique identification number. Sensors monitor every stage in the supply chain. All parties are able to benefit from the secure environment and all movement data can be documented and verified.
VeChain’s overall objective is to offer a way to determine the quality and authenticity of products as well as prevent fraud. Platform aims at providing comprehensive information to all stakeholders about the products and processes of business, thereby increasing transparency on the market and making international trading more efficient and fair. VeChain is already used by large corporations like BMW, LVMH and Walmart.
VeChain allows enterprise developers to create and operate dApps. VeChain’s blockchain allows businesses to implement dApps, and offer a better level of goods and services. The project uses proprietary technologies and solutions to facilitate the process, including ToolChain and My StoryTool. It also makes use of the VeChainThor Blockchain and Internet of Things technology.
VeChain Price Prediction
VeChain Price Prediction 2023
According to Wallet Investor, VeChain will start May with a price of an average $0.0390. The minimum is $0.0120, and the maximum $0.0675. The year’s prices were $0.000872, $0.000074, and $0.00261.
AMBCrypto estimates that the VeChain price in 2023 will range from $0.038 to $0.057 with an average of $0.048.
Changelly’s analysis shows that the VeChain price in 2023 will be at $0.0329967. Maximum VET prices can reach $0.0379962. Expected average trading price of $0.0339966
VeChain Price Prediction 2025
Bitnation anticipates VeChain will grow quickly in 2025, as cryptocurrency gains traction across a range of industries. The price may rise to as much as $0.091746, before stabilizing at $0.084503. VeChain could have a minimum price of $0.07726.
The VeChain Price is predicted to drop as low as $067 in 2025. According to Price Predictions, VET could hit a price high of $080 with an average forecast of $0.069
According to Wallet Investor, VET will start 2025 with a price of $0.000840 on average, with a low of $0.000420, and a high of $0.00126. The year’s end saw the highest, lowest and average prices at $0.00070034.
VeChain Price Prediction 2030
According to CryptoNewsZ’s VeChain price prediction for 2030, the long-term performance is likely to be positive. According to the VET price prediction, it is possible that this coin will reach as high as $0.231 or as low at $0.151. The average price for 2030 is likely to be $0.191.
According to Price Predictions, VeChain’s price is predicted to drop to $0.42 by 2030. VeChain’s price may reach $0.48 in 2030 with an average of $0.44.
Bitnation, based on the current market sentiments, predicts VET to continue rising towards $0.212465 by 2030. VeChain may struggle to maintain this level of support and end up at a low point around $0.195978.
FAQs
Is VeChain a great investment?
VeChain, based on the VeChain Price Prediction, is an excellent investment. It has the potential for significant growth in the short term. VET, despite the volatility of the market, has seen a significant increase in value over the past year. This indicates that there is potential for further growth.
Will VeChain rise?
VeChain’s average price is expected to reach $0.0319968 at the end of this year. A five-year prediction suggests that the cryptocurrency may reach $0.139986. Please always do your research prior to investing in any asset, project or network.
What is the VET record-high?
VeChain reached a record high in January 2018 of $8.2618. The VEN symbol was used back then.
