VeChain Forecast: Will VeChain (VET) Reach $5?

Last Updated February 2nd 2022
6 Min Read

Will VeChain eventually reach $5? Importantly, when can we expect VeChain token prices to rise above $5? Well, most crypto experts and technical analysis platforms are confident that VeChain token prices will continue rising, and a few predict that it will break above $5 before the turn of the decade.

This optimism about the future of VeChain can be traced back to its recent price action that saw its prices appreciate by more than 99% yearly. Before this, the altcoin was stuck in a long trance of depressing price action that most experts now believe to have been VeChain’s incubation period.

Today, VET is out of incubation and ready to embed its revolutionary and highly disruptive technology within the business world. Several international brands have already acknowledged the potential VeChain has on their operations and rushed to establish partnerships that allow them to build on the VeChain ecosystem. The move has helped popularize VeChain and win investor confidence.

The rallying crypto market earlier in the year and relatively stable performance over the last three months have also created an enabling environment in which VET can flourish. The crypto market-wide rally in May 2021, for instance, helped the VET token’s value grow by more than 1,400% and set an all-time high. In the last quarter of 2021 VET managed to recover some of the value that was lost during the crash.

These two key factors are expected to continue playing a crucial role in VeChain’s future price action and to dictate its price direction.

But will they be enough to push VeChain prices towards and above $5? If they are, how soon can they get VET token prices to rise above $5?

When Will VeChain (VET) Reach $5?

VeChain prices are volatile and unpredictable, no one can, therefore, tell with utmost certainty when VeChain will reach $5. Nevertheless, by looking at its past price action, assessing the current price trajectory, and examining the factors that cause its price to rise and fall, experts have concluded that VeChain will reach $5 within the next 10 years.

Crypto experts at PrimeXBT, an online investing platform, are confident that VeChain token prices will continue rising. They have cited some of the factors that they believe will have the greatest influence on the VET token’s future price action. These include the acceptability of VeChain technology and crypto market performance. They also acknowledge that even though VeChain’s social media and trader sentiments aren’t as high as they were a few months ago, they are still bullish.

Moving forward, and if the bullish sentiments, VeChain blockchain adoption, and increasing investor interest hold steady, experts at PrimeXBT are confident that VET token prices can rise by around 5400% to reach $3.12 in the next three years. They do not provide a long-term price prediction for the supply chain themed blockchain technology, but this analysis is enough to tell us that they expect VET token prices to reach $5 and probably get close to $10 in the next ten years.

In its updated VeChain price forecast, CryptocurrencyPricePrediction - a historically bullish technical analysis website - indicates that VET can only reach $5 early in the next decade. Though it remains bullish about VeChain’s future price action, the technical analysis report indicates that VeChain will most likely be trading around $3.1 by the end of 2030, implying that VET token price will only get to $5 sometime before 2035.

Crypto experts at CoinQuora are more optimistic of VeChain’s future prospects, as indicated in their September price prediction report. This report suggests that through VeChain’s partnership with different brands and with the ongoing developments within its blockchain, VET has gathered investor interest/a buying force that is enough to push its token’s price above $0.8 by the end of the year and $2 by the end of 2022. This force will then see VeChain price reach $5 sometime between 2023 and 2024 before eventually breaking above $10 by the end of 2025.

Read Also: Why Is VeChain (VET) So Cheap Right Now?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

What Will Happen If VeChain (VET) Reaches $5?

If VeChain token prices rise and reach $5 in future, you will notice a few things within the network, the crypto market, and the conventional business world. These include:

  • Investors pouring in: In getting to $5 from the current price level, VeChain will need to grow its value by more than 4400%. Such a drastic climb and massive earning potential would have attracted numerous investors along the way. FOMO would also see more individuals buy into the coin at this price level, hoping to ride its next rally towards $10.
  • Higher market cap: VeChain has a maximum token supply of $86 Billion VET tokens. A per token price of $5 would, in effect, give it a $430 Billion market cap, making it one of the most valuable crypto projects and probably helping it get to CoinMarketCap’s coveted list of top 10 cryptocurrencies.
  • More partners and partnership interests: A $5 price would also send a message to the business world that investors and brands are confident about VeChain’s future. We would, therefore, see many partners building programs on the VeChain blockchain ecosystem and even more looking to collaborate with VeChain and launch crypto projects on the network.  
  • More developers and development activity: We would also more developer activity on the network, both from the VeChain development team looking to improve the network and independent developers looking to build platforms for different VeChain partners. We would also see more DeFi protocols launch here and more eNFT projects hosted on the blockchain,
  • Eruption of competing blockchains: Just as we have Bitcoin killers and Ethereum killers and mirrors of virtually any other pioneer blockchain technology, we would see more supply-chain-based blockchain networks pop up - dubbed the VeChain killers - each looking to eat into VeChain’s market share.

But we get carried away with what a per token price of $5 would mean for VET and the VeChain network, we need to appreciate that the altcoin would first need to achieve parity with the dollar. So when can we expect VET to reach $1? The end of the year, perhaps?

Will VeChain (VET) Reach $1 In 2022?

Experts argue that it is not impossible for VeChain token prices to reach $1 by the end of 2022 but also say that it is highly unlikely for the altcoin to do so in the next three months. They argue that VeChain’s revolutionary technology and significant interest in the supply chain world mean that it has what it takes to get its token prices above $1. However, there isn’t enough investor interest/demand in the altcoin to push its value up by the 1680% required to get to $1 before the end of 2022.

At best, crypto experts believe it'll get there in the next few years or more.

But why don’t they think VeChain will reach $1 in the next months?

Well, you have to look at its price history and understand VeChain’s overreliance on a stable crypto market to fuel its price drive. This means that its prices rise fast at the time of a market-wide price rally within the crypto industry. At the moment, however, the crypto market is rather unstable and doesn’t present an environment in which VET token prices can thrive.

Is VeChain (VET) A Good Investment?

Yes, even though crypto experts do not expect VeChain to reach $5 in the next 5 years or break above $1 by the end of the year, they are still convinced that it is a good crypto investment. They expect the VeChain blockchain to continue attracting partners and the token prices to continue rising in the foreseeable future. With the right triggers, i.e. partnership with a key brand or crypto market rally, VeChain can break into a full-blown bull run that earns its current investors serious profits.

Check Out: Is VeChain (VET) A Good Buy?

Conclusion: Will VeChain (VET) Reach $5?

It is highly probable that VeChain will reach $5. A few analysts expect it to get here within the next 5 years, but the majority can only see VET rising to this price level in the next 10 years. These crypto experts, however, contend that with a few triggers, VeChain may reach the $5 target price sooner than expected. The most impactful would be another extended market-wide bull-run, partnership with a key international brand, or celebrity endorsement - say from the likes of Elon Musk. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.