In the wake of recent events, VeChain has seen a resurgence in value. The company’s goal to solve supply chain management issues for businesses and organizations with their blockchain-based platform seems more relevant than ever before as we experience continued consolidations across industries worldwide.
VeChain’s price has been steadily climbing over the past week as it approaches 50% of its Fibonacci retracement level at $0.107 on September 29th, with the value up 43% since then.
The VET cryptocurrency has one of the most oversized market caps in all coins. With an average 24-hour trading volume of over $883,763,180 and a total capitalization that amounts to almost 8 billion dollars (with decimal points), this altcoin is ranked as number 25 on CoinMarketCap among other top cryptocurrencies.
VeChain Price Analysis
The VET (VeChain) Price is showing strength and the affinity to climb higher after a quick retest. VeChain price is close to breaking the $0.124 resistance level, and it’s currently trading high, resting around these buy stop liquidity levels with 70% Fibonacci retracement just below them.
According to FxSteet, If the big crypto (Bitcoin) continues to climb toward $53,000, it is likely VET might retest its previous barrier at 0.137 and make a move for an additional 40% increase on top of that position should things go exceptionally well in this highly bullish case.
VeChain Price Prediction
According to Coin Quora, “If this bullish trend continues, VET might be able to break its $0.148 resistance level and go even further beyond the year’s end before reaching a high of about $0.5 – $0.8 in 2021“. If crypto markets continue their favorability toward virtual currencies as they have been doing so far.
However, if the crypto market turns against VET, it could experience a price decline that triggers another selloff below $0.08 and even fall as low as $0.05 per token in an event supported by bears.
|VeChain Price Prediction||Expected to Reach|
|VET Price Prediction by End of 2021||$0.5 – $0.8|
|VET Price Prediction in 2022||$2|
|VET Price Prediction in 2023||$4|
|VET Price Prediction in 2024||$7|
|VET Price Prediction in 2025||$10|
Vechain Price Prediction 2021
The crypto markets are showing strong bullish signals compared to what was expected from the bears. In this chart, we can see that VET currently trades at $0.1024 and if this trend continues it might be able to break its current resistance level.
If the market continues to favor crypto, it is likely that this year will see $0.238 reach its peak before the year ends. It’s possible that VET could see a price decline if the market turns against crypto, but it is also possible for this coin to rise. A bearish event in favor of bears may cause them not only lower than $0.08 and even fall deeper down towards $0.05.
VET Price Prediction 2022
The bulls are in charge and VeChain’s price could reach up to $2 by the end of 2022. The price of $2 may be quite optimistic in the near future but it is still achievable.
Vechain Price Prediction 2023
The price of VeChain may hit a higher value, but it will be only possible if the market maintains its current bullish trend. VeChain’s price could reach as high as $4 if the market remains bullish.
Vechain Price Prediction 2024
As per the latest upgrades, developments, and price predictions of VeChain to be a top contender. It will boost its value across all markets. This could mean an increase for both investors as well as consumers who want healthier options without any additives or preservatives.
It’s predicted that if you invest now your investment will be worth around $7 in 2024.
Vechain Price Prediction 2025
With the potential for VeChain to soar past $10, it is possible that they could even reach new heights. However, reaching this level will not be difficult as there are plenty of medium-term and long-term price targets which you can buy or sell your order at if needed.