The recent VeChain price has not really impressed people. In recent weeks, the momentum of trading has been sideways or slightly bearish. This is not good for a project that has been turned over on so many occasions to be a strong rival of Ethereum; its price never reached close to 5% of Ethereum's market capitalization. Despite all this, good things went on with VeChain.
Community members are sure that great things will happen soon for VeChain. One of the reasons for this trust is the suggestion of a growing adoption of Bitcoin, although we have no idea how things will end.
VeChain Price (VET) today – VET / USD
A good development is the way in which the VeChainThor network is passing milestones related to the registered actor. Only seven days ago, this number amounted to 49,000 and this week rose to 50,000. Although this development is not reflected in the VET price, it is an excellent sign of growth.
Getting more people to make use of VeChain will be a very difficult task. Currently, the IFP is quoted by new exchanges with HitBT as the last. HitBT listed the IFP against BTC, ETH and USDT.
Enthusiasts of cryptography still expect a lot from the IFP. Currently, it seems that the price of VeChain is in a good place. Combined with a school trade volume of less than $ 18 million, there seems to be enough liquidity to sustain this uptrend without any service shutdown.
Recently, VeChain (VET) has been very active, forming partnerships with various companies such as vehicle companies, luxury brands and various governments. This tells us that, in the future, the IFP has gained the trust of different industries; we will see more companies entering VeChain's blockchain technology platform.
VeChain will become the leading Blockchain business service provider in the world due to some reasons:
- It will hold the honest world
- It serves as a real solution to the problems of the real world
- It makes car production possible
- The issue of counterfeiting of China slows down
- Protects the supply of Chinese vaccines
- Smart money is investing in VeChain
According to Coinswitch, VeChain's price forecast suggests that VeChain's price is long-term 7635.887707% in the value of the IFP price with an investment of 5 years. This means that in the year 2023 the VeChain price is expected to be equal to $ 0.38939 . You can track VeChain's progress by adding it to your wallet.
VeChain focuses on creating a blockchain-based platform that is not limited to the digital world and can seamlessly integrate with real business ecosystems. This raised the profile of this currency towards real, better and safer business applications. Furthermore, it can also cooperate with third-party services. This has irrevocably increased the potential of cryptocurrency. It is always better to make use of a real-time price forecast of the VET currency such as the underlying CoinSwitch currency. Users can review currency forecasts as fluctuations occur and make informed decisions.
|1 year forecast||3 year forecast||5-year forecast|
|$ 0.10551||$ 0.22882||$ 0.38939|
* This VeChain price forecast (VET) is based on data collected from various sources. This should not be considered an investment parameter and the user should do their own research before investing.
Pricing of long-term VeChain prices through technical analysis
Walletinvestor.com also provides a long-term price forecast for VeChain – states that it will be $ 41,457 in 5 years. This is a yield of more than 1,000%! It is clear that WalletInvestor expects Vechain to perform well both in the short and long term. If you do not look at a long-term horizon of 5 years, let's look at a shorter long-term price forecast from tradingbeasts.com. According to them, the VeChain price forecast in 2020 is between $ 21.02 and $ 30.92.
Thus, both sources reveal a similar long-term VeChain forecast based on technical analysis.
Prediction of long-term VeChain prices from other reliable sources
Based on the five-year forecast of smartereum.com, the price of VeChain could even reach $ 75. This means that an investment of $ 100 today at the price of $ 3.77 could grow up to $ 1,989 in 5 years.Smarterum. com expects VeChain to provide "complete integration of the blockchain-based platform with the real world of business". This would help to make the blockchain increasingly accessible for companies on a common basis.
So, those were some of the main long-term VeChain price forecasts in 2020 and beyond. As you can see, most of them expect VeChain to perform well in the next 5 years. However, these VeChain price forecasts may not be correct – always remember that it is impossible to know for sure what the future price of a cryptocurrency is. You should weigh in several factors before coming to a conclusion on whether VeChain is a good or bad investment. Let's take a look at these in the next section.