What Will VeChain (VET) Be Worth In 10 Years?

Last Updated February 2nd 2022

6 Min Read

Crypto market experts and analysts have varied views on VeChain’s token price performance over the next 10 years. They are all bullish, but some are quite conservative and do not expect it to break above $1, while the majority are optimistic and expect VET to be trading well above $10 in the next ten years.

Introduced to the crypto market in August 2018, VeChain maintained a rather depressing price action in the two years that followed. But things changed in the last quarter of 2020, and its value started rising. It stormed into 2021, trading at $0.019 and grew this price by more than 1400% in the first four months. Were it not for the crypto market crash in May, most analysts expected the altcoin to continue rising and probably reach $1 by the end of the year.

Today, it has recovered much of the loss and is currently up by more than 99% in a year. Crypto experts, as well as market sentiments, are bullish about VeChain’s future, but as an investor, you must be asking what the altcoin will be worth in 10 years. You have probably heard some analysts argue that the altcoin is just out of incubation and that its prices can only go up from here.

So, what will VeChain be worth in 10 years?

We answer this question by looking at long-term VeChain price predictions from some of the most reputable crypto experts and analysts.

Read on.

VeChain (VET) Price Predictions For 2030-2031

At the time of writing, VeChain has been trading at $0.05611, having added close to 3.20% to its value in the last 24 hours, according to data from CoinMarketCap. For the last 30 days, the altcoin has been ranging between $0.0441 and $0.09582.

This show of resilience and the fact that it has maintained and positive overall ROI (of 274%) are some of the factors that investors have cited as informing their conviction of a bullish VeChain price future.

We have, however, observed that while most experts and analysts profess their optimism of VeChain’s future price action, only a handful are willing to share predictions on how high up they expect VET token price to reach in 10 years.

The rest argue that VeChain’s limited history and the numerous number of variables influencing its price action, it is practically impossible to know the direction its price will take moving forward and what it will be worth by the turn of the decade. Others will only provide short to medium term VeChain price predictions, mostly for the next 5 years.

Here are some of their VeChain price predictions for the next 10 years:

CoinPriceForecast has recently adjusted their technical analysis of VeChain’s future price forecast downwards to indicate that the coin will only appreciate by 363% in the next 10 years to reach $0.2585 in the last half of 2033. We must observe that earlier in the year, at the height of the crypto market rally, Coin Price Forecast’s analysis had indicated that VeChain would reach $1 before the end of 2021 and proceed to break above $10.87 by 2032.

The massive downward adjustment of the VeChain forecast can be attributed to the unstable crypto market. It also goes to say that if the crypto market condition improves, VeChain will be expected to post better results.

CryptocurrencyPricePrediction, yet another technical analysis website will only provide a VeChain price forecast for the next nine years. During this time, it expects the altcoin to break above its current all-time high by September 2023 and reach $1 in August 2025. By December 2030, it indicates that VET tokens will most likely be trading at $3.13.

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Factors That Will Determine The Price Of VeChain (VET) In 10 Years

We have already mentioned that the majority of crypto experts believe in a bullish VeChain future. Some experts are even convinced that the altcoin will break above $10 in the next ten years.

Let us now shift focus and explore the three key factors that these analysts believe will have the biggest influence on VET token prices between now and 2031.

Future partnerships

VeChain has already collaborated with leading brands in the automotive, fashion, information technology, retail, manufacturing, and multiple other industries. They have all committed to building supply chains and other business-related programs on VeChain’s blockchain infrastructure. With every partnership, the altcoin draws in new developers and users who are, by far, the core metric of measuring the success of any blockchain technology.

It is their interactions on the network that gives the VET token value. Therefore, if VeChain continues attracting more brands, it will have more developers building on its network and users interacting with these programs, which ultimately pushes up the demand and the price of VET tokens.

eNFT and DeFi explosions: VeChain has also positioned itself as the superior blockchain on which decentralized finance apps can be built, and enterprise Non-Fungible Tokens (eNFTs) housed. It claims to be superior to the likes of Ethereum. This gives the impression that as the DeFi explosion spreads further and the NFT craze gathers steam, one should expect a lot of new DeFi programs to launch here and a lot of eNFTs to be hosted on the VeChain blockchain.

Given that these two niches are expected to be the next big thing in the blockchain industry, they are then expected to draw in a lot of users to VeChain, who push up the demand for VET tokens. The increased demand, against a fixed maximum supply, ultimately ignites an upward price run for VET tokens.

Crypto market performance

VeChain’s price action, as is the case with virtually all other cryptocurrencies, is significantly impacted by the overall crypto market performance. For instance, when the market rallied in 2017, VET tokens experienced their first all-time high before dipping when it crashed in 2018.

The same thing happened in early 2021. As the Bitcoin and the entire crypto market rallied, VeChain followed suit and even went ahead to set the current all-time high (above $0.278) before dipping again (below $0.05) when the market crashed in mid-May.

Moving forward, we expect Bitcoin’s price action and the crypto market direction to have a similar impact on VET token prices. That is to say that if Bitcoin prices continue rising and the crypto market sustains an uptrend, VeChain token prices will also rise.

Check Out: Is VeChain (VET) Worth Buying?

Will VeChain (VET) Ever Reach $100?

Given its current price, VeChain would need to grow its value by more than 178,000% to get to $100.

Additionally, a per token price of $100, would give VeChain a market capitalization of $8.6 Trillion, which is close to 4X the current market cap of the entire crypto industry.

There are some monumental challenges limiting VET’s growth to this level, and chief among them is the fact that VeChain is perceived to be a specialty blockchain dedicated to straightening the supply chain for the business world.

Some crypto analysts argue that this limits VeChain’s reach and places a cap on the number of individuals who can interact with the blockchain and its tokens. The net effect of this is that, unlike the likes of Blockchain that target the entire global citizenry, VeChain’s small market size doesn’t give it a sufficient user base to create sufficient buying force that is powerful enough to drive its prices near or above $100.

Conclusion: What Will VeChain (VET) Be Worth In 10 Years?

The general feeling is that VeChain will be way more valuable in the next 10 years than it is today, and some optimistic crypto analysts suggesting the value of one VET token might even reach $10. To get here, however, crypto experts argue that it will first need to enter into more strategic partnerships that draw in developers and users.

The climb towards $10 must also have the backing of a stable or a rallying crypto market. Other factors that experts believe will help VeChain’s future uptrend include developments within the VeChain network and its ability to cash in on the current DeFi explosion as well as the upcoming eNFT craze.