VeChain Price Prediction: Will VeChain Rise In Value?

Last Updated February 2nd 2022

15 Min Read

Blockchain technology has been growing steadily since the invention of Bitcoin in 2009. And while most of them have no real-life applications, there are several others trying to solve real problems.

VeChain is one such project. It was founded in 2015 and has been trying to solve issues related to supply-chain management and logistics for businesses.

Their goal is simple: providing a transparent blockchain ledger for companies across the world. And while that might sound like any other cryptocurrency out there, the possibilities of VeChain are far more interesting.

We are going to look at some price predictions and what we think about the future of VeChain. We will also discuss whether this coin is a worthy investment or not.

Let's start with the basics.

Content

What Is VeChain?
VeChain Price History
VeChain Price Prediction In 2022 And 2023
VeChain Price Prediction In 2024 And 2025
VeChain Price Prediction In 2026 And Beyond
Factors That Will Affect The Price Of VeChain In The Future
The Future Of VeChain: Will The Value Of VET Rise?
Conclusion: Is VET A Good Investment?

What Is VeChain?

VeChain was started in 2015 with the goal of digitizing the supply chain management and logistics industry. It is one of those cryptocurrencies that are trying to revolutionize an industry rather than focusing on dethroning financial institutions.

So, instead of competing with Bitcoin or Ethereum, VeChain has chosen a unique path. And it seems like they might change more than just supply chain management.

In a nutshell, VeChain helps businesses seamlessly take advantage of blockchain technology. And while that might sound simple, the applications are actually quite sophisticated.

For example, VeChain can help with anything related to tracking or tracing goods. This includes everything from delivery management to counterfeit prevention.

By using smart chips, all kinds of items can be monitored in real-time. For example, companies can now follow their products as they move through the supply chain. They will know where those goods are and what happened to them at any given point.

By combining blockchain technology with smart chips and RFID (Radio-frequency identification), VeChain promises a very secure method of tracking goods. And since data is immutable, companies can trust this technology as a perfect way to manage their logistics.

VeChain comes with two native cryptocurrencies: VET and VTHO. VTHO is used to process transactions on the VeChain blockchain, while VET can be sent across the network.

And unlike most cryptocurrencies, VeChain uses a proof-of-authority (PoA) consensus algorithm. In other words, only nodes that are considered to be trustworthy have the power to create new blocks on the blockchain. This means that transactions can be completed faster as this consensus mechanism isn't as resource-intensive as proof-of-work is.

However, there are still a lot of ways in which VeChain can be utilized.

The project was started by Sunny Lu, who was previously a chief information officer (CIO) at Lous Vuitton, China. So far, VeChain has gained some traction and even partnered with big names like BMW, Groupe Renault, DNV GL, Walmart China and ASI Group

The main VeChain token (VET) currently has a market cap of around $3.6 million and is ranked at number 38 on Coinmarketcap.

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

VeChain Price History

According to price data from CoinMarketCap, VET might have begun trading in 2018, although its inception dates back to 2015. Its earliest known price is $0.013, which it attained in early August 2018.

Like most cryptocurrencies, VeChain didn’t have a rosy start on the market. For once, there was a lot of competition since most blockchain projects had already been created by 2018. Investors and consumers also didn’t understand exactly what VeChain was trying to solve. This kind of bottlenecked its growth.

If history has taught us anything in the crypto space, it is that cryptos like Dogecoin and Bitcoin that are not trying to address a real problem tend to grow faster than those with feasible real-life applications. Cryptos like Dogecoin only thrive on hype and speculations and not because people need to use them to solve a problem. That is why they rise and crash very fast.

On the other hand, cryptos like VeChain tend to grow slowly as people take time to understand what it is trying to achieve.

That is why VeChain started a very low price and market cap and remained low until mid-2020. Until this time, VET traded below $0.008 and only began gaining traction in July 2020. By the end of that July, it had crossed $0.01, bringing it closer to a new price milestone.

It wasn’t until late December 2021 that VET finally reached $0.02. The coin kicked off 2021 at around $0.0259 and then quickly grew to hit $0.05 by mid-February.

At the start of 2021, there was a market-wide bull run that ended around May. This saw most cryptocurrencies, including VET, quickly rise in value.

VeChain’s biggest growth happened between 1st March 2021 and April 17th, 2021, when VET rose from a low price of $0.04 to attain its current all-time price of $0.2782. That is more than a 595% gain in less than two months.

However, as most price experts will tell you, such a huge price jump is just as dangerous as it is exciting. Towards the end of May 2021, VET bottomed out at as low as $0.08694. From, there were some fluctuations as the coin struggled to attain a decent price. It did manage to reach $0.15 in early September and $0.18 in early November. On the last day of 2021 VET traded for a price of $0.0828.

Otherwise, VET has not been able to reach $0.2 since April 2021. At the time of writing, it was trading at $0.05611 with a market cap of $3.6 billion and a fully diluted market cap of $4.8 billion.

This makes it the 38th biggest cryptocurrency by market cap.

Check Out: How To Make (Or Lose) Money With VeChain

VeChain Price Prediction In 2022 And 2023

VeChain is currently in the top 40 cryptocurrencies, so anything could happen to its value. But if we consider all of its potential applications, it seems like $1.0 isn't an unreasonable price prediction for this coin in the long-term

Some people even think that VET might hit $5 before 2030, which would be a more than 8,800% increase. However, in the short term, it seems unlikely that VeChain will rise significantly in value. The market has been suffering from a bearish momentum for some time now, and there is no sign of recovery yet. In fact, crypto prices have been dropping lately.

Wallet Investor predicts that VeChain VET will be worth around $0.132 by mid-2022. It will steadily grow and close the year at as high as $0.159. Only a few of the price analysts we have seen are optimistic about the future of VeChain. Wallet Investor is one of them.

The other is Priceprediction.net which predicts that VeChain VET will be worth $0.18 and $0.25 by the start and end of 2022, respectively.

On the other hand, Long Forecast is fairly bearish and predicts that VET will trade at around $0.023 by mid-year and end at $0.019, VET's lowest price for 2022.

Coin Price Forecast is also a bit conservative and believes that VeChain will be worth only $0.0871 by the end of 2022.

The same trend might register in 2023, with the bearish forecasters remaining bearish and the bullish ones being more bullish. For instance, Wallet Investor is positive that VeChain will be worth $0.159 at the start of 2023 and then grow steadily to close the year at $0.250.

Again, Priceprediction.net is still fairly optimistic and believes that VET might go to as high as $0.30 by the end of 2023.

Long Forecast and Coin Price Forecast are a bit pessimistic about the growth of VeChain in 2023. The former predicts that VET will start in 2023 at $0.020 and close at $0.060.

On the other hand, Coin Price Forecast predicts that VET will be worth $0.094 in mid-2023 and $0.115 by the end of the year.

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VeChain Price Prediction In 2024 And 2025

VeChain has a lot of potential, which is why long-term investors are excited about it. If all goes well, VeChain could overtake other major cryptocurrencies and become one of the most valued digital assets.

Even though this might seem too optimistic, there are plenty of reasons to be bullish on VET in the short-to-medium term future. Even if prices don't rise dramatically, they should at least hold their ground.

Wallet Investor predicts that VeChain will kick off 2024 at around $0.247 and then adopt a linear trajectory until the end of the year, where it will be worth around $0.350.

According to Wallet Investor predictions, there will be little fluctuations in between the months. However, looking at VET’s historical data, we should expect a decent level of volatility which Wallet Investor doesn’t bring out very well.

Most other price analysts are a bit less optimistic. For instance, Priceprediction.net predicts that VeChain will close 2024 at an average price of $0.36 and 2025 at $0.52.

For 2025, Wallet Investor is still fairly positive, although it predicts leisurely growth. According to the site, VeChain might only trade between $0.348 and $0.451 for the whole of 2025. That is a mere 29.6% gain for a whole year.

Although Wallet Investor foresees some volatility, the projected growth might be too stable for a cryptocurrency.

There are also some conservative predictions. For instance, Long Forecast predicts that VeChain VET will close 2024 at $0.055 and 2025 at $0.046. This shows not only a slow but also descending growth between 2024 and the end of 2025.

On the other hand, while Coin Price Forecast is a bit hopeful, it is still conservative and predicts that VeChain VET will be worth around $0.151 and $0.189 by the end of 2024 and 2025, respectively.

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

VeChain Price Prediction In 2026 And Beyond

By 2026, we might see VeChain as a top 10 cryptocurrency. And if we consider the potential for growth, there is no reason not to be bullish on VET in the long run.

Wallet Investor believes that VeChain VET will trade at around $0.5 by the end of 2026. However, this will not be the highest price of the year.

According to the price tracker, VeChain will kick off 2026 at around $0.454. This is the same level it closes 2025 at. The price will then gradually grow and go as high as $0.5 in late March. From there the coin will bounce between $0.53 and $0.56 for the whole year.

Of course, the predictions are still mixed, and we don’t get a clear picture of how VET will end in 2026. For instance, Priceprediction.net predicts that it will be worth $0.74 while Coin Price Forecast believes it will be as low as $0.19 and might not reach $0.5 even in as far as 2033.

Obviously, it will be hard to get the correct price predictions for VeChain in 2026. However, if you look at certain factors, you might be able to make educated investment decisions based on how you think these factors will play out.

In the next section, we will quickly look at several factors that we think might affect the price of VET going forward.

Factors That Will Affect The Price Of VeChain In The Future

VeChain is a relatively alien cryptocurrency. So there's a lot that can affect its price in the near future. Our guess is that the main drivers of VeChain will be related to technological advancements and partnerships. And while those are hard to predict, we have some ideas about what might influence this coin in the next couple of years.

Technology

We've already mentioned how VeChain uses smart chips to track items. And like we said, this can be done in real-time. Moreover, these chips don't require an external power source and only need network access for communication.

This means that companies will now have a reliable way of organizing their supply chains and tracking items. It also means that there is no need for third-party providers since VeChain can easily take care of this process.

Again, the best part about using smart chips is that everything is recorded on the blockchain. And since transactions are immutable, businesses can rest easy knowing their data's secure. So, if VeChain's technology proves to be effective and many businesses adopt it, this will help boost VET's price and make it much more valuable.

Otherwise, the price might drop, stagnate, or the project might even fail.

Partnerships

Since VeChain has partnered with some really big names already, it's likely that they will continue to make new partnerships

VeChain has partnered with large companies like PwC for their digital assurance services and DNV GL for the supply chain management. At the same time, VeChain also has a partnership with Fanghuwang, one of China's biggest online lending platforms.

All of this points to a bright future for VeChain and many more similar partnerships in the near future

This, in turn, will make VET even more valuable. In fact, we might see its price double or triple depending on how well it performs regarding technology and business development.

Competition

There aren't that many blockchain projects focused on business logistics and supply chains. In fact, VeChain is one of the rare projects focused on this niche.

However, the company does have a few competitors that are similar in focus and might pose a threat to its future growth.

There's Waltonchain which offers a more general service for supply chain management and is a competitor in a sense. However, they aren't really in the same niche and might be able to coexist.

Another competitor is Modum, a cryptocurrency that's focused on supply chain data integrity and business-level solutions for data collection and auditing. They also offer real-time tracking services and even IoT integration.

Even better competitors might arise in the future, making it hard for VeChain to grow further. So, in order for VeChain's price to rise, it needs to outsmart competitors and ensure that its technology is much more superior.

Awareness

VeChain's biggest task right now is to ensure that businesses are aware of the technology and why it is important to integrate their business processes with blockchain.

According to research by Blockdata, 81 of the 100 top companies by market cap use blockchain. This is good news for VeChain.

The problem is, there are millions of small and medium businesses that don't understand the potential of blockchain. In order for VeChain to succeed, it needs to reach as many of those as possible and convince them that adopting blockchain technology would be beneficial for their business.

So far, VeChain has been doing a great job at establishing awareness and getting people interested in blockchain-based supply chain management solutions. The only problem is, this type of service isn't widespread, and we aren't seeing huge use cases yet.

If VeChain increases its presence and spreads awareness, we might see a surge in the price of VET as well as an increase in the number of users.

Government Regulations

Finally, government regulations might affect the future price of VeChain

As we already mentioned, blockchain and cryptocurrencies are becoming very popular right now, and governments around the world will most likely regulate them at some point. So, if governments take a negative stance towards cryptocurrencies and/or blockchain technology in general, it could impact VeChain's price as well.

For now, this doesn't seem likely to happen. But if it does, it might turn out to be VeChain's downfall, and the price will probably drop considerably.

On the other hand, if governments are favourable towards VeChain, the coin's value could rise quite a bit.

The Future Of VeChain: Will The Value Of VET Rise?

So, will VeChain rise in value? Only time can tell.

However, it definitely has some positive factors on its side. First of all, the technology is quite good and seems to be very promising. Also, there are already some big companies interested in adopting blockchain-based supply chain management solutions like DNV GL, for instance.

Nevertheless, there are several factors that might make it hard for VeChain to succeed. The competition is growing, and there are already some good companies in the niche like Waltonchain or Modum.

But even if these competitors manage to overcome VeChain by offering superior business solutions, there's still the matter of government regulations that might affect the entire industry.

In any case, only time will tell if VeChain rises in value or not. But at the moment, everything seems to be going well for it, and there's a good chance that the price of VET might increase in the future.

For this to happen, VeChain will need to work on outshining competitors in terms of adoption and technology, increasing awareness, getting more partnerships and doing things in a way that will make it less likely to be regulated by governments.

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Conclusion: Is VET A Good Investment?

VeChain has a very promising technology that can be easily implemented by several companies. As such, it might grow considerably in the future, and its price might even rise as a result.

However, there are other competitors who offer similar business solutions and might outpace VeChain at some point. Also, governments around the world might make it harder for companies to work with cryptocurrencies and/or blockchain technology.

For now, it might be a great idea to invest in VeChain and hope that it manages to grow and become the most popular platform for supply chain management solutions.

It still has some time to do so as there's no real leader in this niche yet, and many companies still lack the know-how and the resources to use blockchain technology in their business.

All things considered, VeChain might be a promising long-term investment opportunity. Just remember that it is not without its risks, and there's no guarantee that the price of VET coins will increase at all. And even if it does, this might not happen anytime soon.

So, make sure to do your own research and only invest what you can afford to lose.