Can I make money investing in VeChain tokens? Will VeChain make me rich?
Yes, VeChain has already helped much of its early investors grow their wealth by 274%+, and experts are confident that its prices will continue rallying - making current investors even richer. Some analysts have predicted that the altcoin has the potential of growing its price a hundred-fold in the next few years, in a move that would have a direct effect on its investor’s portfolios.
Though its performance between 2018 and 2020 was rather dismal, VeChain has had a good year so far, as evidenced by the fact that its value grew 6X in the last 9 months. It even proved its resilience and determination to continue posting relatively high prices when it survived the May 2021 crypto market crash occasioned by China’s ban on Bitcoin.
Crypto investors now believe that, like all other popular currencies whose unprecedented price jumps were occasioned by a period of poor price performance, VET’s incubation period is over, and it is only a matter of time before its value appreciation momentum breaks into a sprint.
But just how rich can VeChain make you, and how long do you have to wait for this to happen?
We answer these and tell you everything else you need to know about VeChain in this VET investment guide.
Can I Make Money Investing In VeChain (VET)?
Yes, it is absolutely possible to make money with VeChain, just as you would with popular cryptocurrencies like Bitcoin. And there are two primary ways of going about it; the first is via short term trading, and the second is through long term investing.
The long term investing method is easier and more beginner-friendly. It is also referred to as HODLing and involves buying VET tokens today and holding on to them for a long time, believing that VET’s price will eventually rise and reach unprecedented levels in future.
Here is an example: If you are convinced that VET token prices will eventually reach 100 in future, effectively growing your investment portfolio by 178,000%+, you could invest in the coin today. And since you are confident it will eventually get there, no amount of VET price volatility or crypto market crash will make you sell because you believe that the token prices will always rebound and continue the journey towards $100.
Trading, on the other hand, involves leveraging VeChain’s price volatility by buying when the price is low and selling when it rises - scalping small but regular profits with each trade. Unlike HODLing, trading is risker and not so beginner-friendly. Succeeding here requires extensive crypto investing, sufficient capital, and access to premium trading and analysis tools.
To begin making money with VeChain, you only need to decide the best investing method for you and get started.
Check Out: Is VeChain (VET) A Good Buy?
Will VeChain (VET) Eventually Reach $100?
Well, it is not impossible for VeChain token prices to rise and break above $100. But nothing on the altcoin’s technical or fundamental analysis remotely suggests that the VET will get here any time soon.
To understand the conservative predictions, we need to look at the milestones VET needs to hit in getting to $100. For starters, it would need to grow its current price of $0.056 by 178,000%. And considering that it has a maximum token supply of 86 Billion VET tokens, a $100 per token valuation would give it a market cap of $8.6 Trillion - close to 4X the current total market cap of the entire crypto industry, which is such a tall order.
Speculation about VeChain’s potential to rise above $100 started in early 2021 when its prices shot up by more than 1400% in less than 4 months.
But then China banned Bitcoins, and Elon Musk’s electric vehicle company Tesla stopped accepting the pioneer digital currency as payment for their Tesla EVs. Bitcoin prices crashed, the crypto market stumbled, and VET lost momentum.
Today, experts don’t think VET can get to $100 in the foreseeable future because the two primary factors influencing its price action have died down. These are the crypto market rally that is currently in limbo and VeChain blockchain’s partnerships with international brands.
Simply put, there isn’t enough buying force behind the VeChain token to thrust its price 178X above its current price.
What will VeChain (VET) Be Worth In 5 Years?
Even though the crypto market remains shaky, VeChain has sustained an uptrend for the last three months, and if it can hold this line, analysts are confident that VET will be worth way more in the next 5 years.
The most bullish VeChain price prediction is provided by technical analysts from CoinQuora. These are confident that VET will set a new all-time high before the end of the year, rise to $2 by the end of 2022, and eventually break above $10 within the next 5 years.
Crypto experts from PrimeXBT are also confident that VeChain will remain bullish for the next few years. They, however, argue that slowed acceptance and adoption of the VeChain blockchain by supply chain industry operators and an unstable crypto market may derail its promising future price growth. By the end of 2025, they conclude that VET may be trading between $0.24 and $3.12.
Where Will VeChain (VET) Be In 10 Years?
Technical and fundamental analysis of the altcoin suggests VeChain’s value will continue rising in the foreseeable future. But experts caution that VeChain is a highly speculative investment product. Some have even described it as an untested crypto investment instrument seeing that it only started posting meaningful price action this year.
For this reason, as well as the fact that there are too many variables acting on VeChain token prices, most experts have not provided 10-year price predictions as there is no way of accurately telling what it will be worth. They have, however, pointed out some factors that they believe will play an instrumental role in shaping VET tokens’ price direction for the next ten years. The three most impactful are:
- Adoption and acceptance: The pace with which VeChain will be accepted as a disruptor technology in the supply chain industry and adopted as a solution will play a key role in influencing its future price action. It sustains the current momentum over the years, it will most likely drive the token prices to unprecedented heights.
- OnChain developments: The onboarding of more developers to the VeChain blockchain, the creation of DeFi programs, and the success of eNFT will also play a key role in shaping the token’s future price action. The more developers it attracts and the more popular its DeFi and eNFT niches become, the higher its prices will soar.
- Crypto market performance: As we have already established, VET price direction is heavily reliant on the overall crypto market performance. Analysts, therefore, expect VET coins price performance to mirror that of the larger crypto market, rallying when the market rises and dipping when the market crashes.
Check Out: VeChain Price Predictions
Is VeChain (VET) a Good Long Term Investment?
Between its resilience, mass adoption in the supply chain niche, and the fact that it enjoys the first-mover advantage, you cannot run out of reasons to justify why VeChain is a good long-term investment. Some analysts have even argued that the altcoin is considerably undervalued and, therefore, expect it to correct its value upwards in the next few years, making a good long-term investment.
We could also look at its past price action and argue that it has already proven to be a good long-term investment. In this case, we consider the fact that even though it was pretty much unknown and its blockchain technology had minimal backing by the supply chain industry players, it has still maintained a positive overall ROI, exceeding 274%.
But is VeChain really a good long term investment, and will it make you rich?
Let us try and explain this using an example.
We will start by assuming the crypto experts at PrimeXBT are right about the altcoin’s future price action and that it will be trading at $3.12 by December 2025. This translates to a 5460% price jump. It then means that if you invest $1000 in the coin today, you could be $55,605 richer within the next 5 years, which effectively qualifies it to be considered a good long-term investment.
Conclusion: Should I Buy VeChain (VET)?
The decision to buy VeChain or any other crypto is a personal choice that should be informed by such factors as your risk tolerance, disposable income, crypto trading experience, and preferred investing strategy. That said, we must add that the altcoin’s past price action and potential for growth, as indicated by different fundamental and analysis reports, earn it a place in every crypto enthusiasts investment portfolio as either a long-term buy or a short-term trading instrument.