Nowadays, we have seen many people investing their money in a VeChain coin because according to VeChain forecast it may give significant returns to their investors in a coming couple of years. In the current scenario, it is ranked 33 among thousands of Cryptocurrencies in terms of market capitalization.
This software combines decentralized and centralized finance and is generally used by the corporate to improve logistics and supply chain efficiency. However, if you are interested in this Cryptocurrency, you might be willing to know about its future.
Why Do People Use VeChain For Making Payments?
The Cryptocurrencies such as VeChain have very low transaction costs for both individuals and corporate, no matter what is the location of the sender and receiver. When a person uses feat money for making a transaction usually takes 3 to 5 business days to complete the transaction and is very expensive for making both small and large payments. Therefore people use VeChain for making their day-to-day transactions.
What Is The Price History Of The VeChain Coin?
Since its release, this coin has been almost worthless. Till 2021, it was below the price of $0.012. But at the beginning of 2021, VeChain has shown a significant rise and hit 0.062 for the first time. In mid-2021, when almost all the currencies were making their all-time high, VeChain also made its all-time high of $0.28143 on 17 April. But unfortunately, after two weeks, it came down to $0.03817.
However, since the start of 2022, the price of the VeChain is continuously falling. At this time, the price of VET is $0.01553 with a trading volume of 140.8M. from the last three days, its price has increased 0.61%, and in the past seven days, it has shown a negative movement of 4.43%.
Is It Good For Investment?
According to the technical analysis, VeChain can show negative movement in the coming days, so we recommend you not buy this coin for swing trading. However, you can consider this coin for a longer vision. As we all know, the world of Cryptocurrency is full of uncertainties; therefore, the predictions made after it often prove wrong. So, do not blindly follow the predictions; instead, do some research.
Prediction for the Year 2023
2023 will be a very productive year for the investors of VeChain. According to the technical analyst, the maximum and minimum prices of VeChain will be $0.500 and $0.0388, respectively. While the average VeChain price will be around $0.2694.
Price Prediction for the Year 2024
It is assumed that VeChain can show a negative price movement in 2024. Therefore its maximum price will reach $0,070, and the minimum price will reach $0.088. At the same time, its average trading price will be around $0.079.
Price Prediction for the Years 2025 To 2030
In 2025, VeChain will continue to fall, and it may reach a minimum of $0.048. But in 2026, it will start recovering and reach upto $0.19. Then, for the next three years, it will reach a maximum of upto $0.54, and in a bearish market, it can touch the price of $0.40. But in the year 2030, it is expected that VeChain will show a significant pump and finally archive the target of $1................................................................................
If you want to know what the price of VeChain will be within the next ten years, our VeChain Forecast forecast can give you a really good idea of what to expect, you can check the link below or enter our chat rooms and talk with crypto enthusiasts and traders.