Cryptocurrency is in a wild spin this year with some coins shooting to the moon and others leaving thousands in bankruptcy. Crypto in general is volatile, but with the regulation on the horizon, a more stable future is within reach. Let’s take a look at the future of VeChain through our 10-year predictions below.
What is VeChain?
VeChain, now called VeChainThor, is a platform that is meant to allow businesses to harness blockchain tech to solve problems in the real world. The platform uses VET as its form of currency. It is mainly know for the tracing of shipped products among other things.
VeChain Recent Updates and Price Changes
VeChain suffered a hit along with most of the industry with the fall of FTX. However, the price has started to rally in the last 2 weeks and is set to keep improving during the upcoming years.
VeChain Price Prediction for 2023- 2026
Calculated predictions for the price of VeChain for 2023 place it with a low of $0.041223 and a high of $0.052466. Forecast by the Economy Forecast Agency has VeChain priced at $0.065582 for the average and $0.059961 at the lowest for 2024. The prediction for 2025 from the Wave Model gives us an average price of $0.08432 for the year, with a high topping out at $0.089941.With the crypto market being market is also cyclical, every 4 years typically results in a bull run. Keeping that in mind VeChain should hit a high of $0.108679 in 2026.
VeChain Price Prediction for 2027- 2029
As the VeChain continues to grow in popularity, so does its starting price. In 2027 we predict a maximum price of $0.127417. The regulation slated for 2028 will bring with it stability, but also a short period of upheaval in which prices will stall at a minimum of $0.134912. Thankfully, VeChain should come back stronger than ever in 2029 with a mid-range price of $0.159271 and a maximum price topping out at close to $0.164892 for the year.
VeChain Price Prediction for 2030- 2033
2030 will see marginal gains for VeChain with prices that range from $0.172387 on the lowest end and $0.18363 at the highest. Bloomberg Intelligence has stated that according to one of their senior commodity strategist, VeChain will reach a mid-range price of $0.1924 in 2031 which is against the expected resistance. By the end of 2032, the VeChain coin is expected to surge to a price of $0.1988 on the high end, which may disrupt the price of gold. The following year will see a low of $0.2001 if the market turns bullish, or it could reach heights such as $0.2097 at the 10-year mark.
Can You Still Get Good Returns By Investing in VeChain Now?
As top crypto companies push for regulation and the resulting legitimization, future investment prospects look promising. The hype around VeChain has been steadily rising, and regulation will only boost those numbers. Though excessive gains like at the start of crypto are not possible, investing now will bring generous rewards over the long haul.
Disclaimer: The crypto-currency market suffers from high volatility and occasional arbitrary movements. The information listed here is not financial or investing advice. Readers should research various viewpoints and check local regulations before committing to an investment. Nothing written above is to be considered as trading or investment recommendations.