Over the past 3 years, traders and investors have been patiently waiting for a new “alt season” to occur. Only this time around there are many new cryptocurrencies, with actual use cases, and very strong fundamentals.
One of these coins is VeChain, a project that quickly managed to build a solid fan base during the latest bear market.
Apart from having strong fundamentals and positive sentiment, VeChain has not really been through a bull market before. Its price has been ranging between $0,01 and $0,03 since it was first listed on trading platforms.
Naturally, you might be looking for some guidance. Is VeChain a good investment decision? What do experts think? What is our VeChain price prediction?
In this article, we answer these questions and much more.
To understand where VET is headed, we must first understand exactly what VeChain is and discuss its role in the next few years.
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What is Vechain?
Founded in 2015 and launched in 2016, Vechain is the brainchild of Sunny Lu, the former CIO of Louis Vuitton. By merging his knowledge in blockchain and experience in supply chain management, he introduced VeChain as a blockchain traceability solution in the luxury and fashion industries.
In short, the blockchain of Vechain aims to create a transparent supply management ecosystem, to help track what happens to products when they go through each blockchain transition.
Since the project’s primary function is that of product tracking and not that of encrypted transactions, we have seen it receive institutional interest, including some very powerful partnerships. Among VeChain’s partners, which can be seen on the project’s official website, we find: DNV-GL, PWC, Walmart (China), AWC, and BMW.
Finally, it is important to mention that the VeChain blockchain relies on two tokens:
- VeChain token (VET), which is used to perform transactions on decentralized applications (dApps) that occur on the VeChain blockchain.
- VeChain Energy (THOR), which is used to pay fees for transactions and is generated as a staking reward for those who hold VeChain tokens. The concept (VTHO) is similar to that of Ethereum’s ETH or NEO’s GAS.
The VET token
In this article, we focus on VET and its performance. Our VeChain forecast is also aimed solely towards VET, and we won’t be delving into VTHO. Therefore, let’s start by looking at the token’s performance over the past few years:
ICO – 2017
VET is first sold under the ticker name of VEN to early investors through an ICO in August of 2017, a period which is unfortunately not trackable as the coin’s history can only be tracked starting as VEN.
During the time of its ICO, investors were able to acquire 3500 VEN by paying 1 ETH. With the price of Ethereum fluctuating between $311 and $324 during that period, the approximate price of VEN for early investors would be around $0,11 per coin.
Each VEN would later convert to 100 VET tokens, with their price starting out at $0,013.
While there is not much information available for the token’s performance during the bull run of the final quarter of 2017, its price in July 2018 indicates that the VEN token was priced at $1,30, having multiplied more than 12x from its ICO price.
During the bear market, VET was also heavily affected. A price bottom is found in December 2018, similar to most altcoins, with VET being worth merely $0,004 per coin.
The token fluctuates in value over the next two years but does not make any significant advancements. While the value of both BTC and ETH starts to recover, VET remains somewhat stagnant around the $0,01 area.
It is only in the summer of 2020 that we see rapid adoption and popularity of DeFi-related tokens. With VeChain’s use case benign directly related to decentralized financial products, we observe a temporary “pump” in the coin’s value, topping at $0,017.
After a short decline that follows overvalued market conditions, VET continues its growth together with most altcoins that pose strong fundamentals. At the moment of this writing, the coin has reached a price point of $0,033.
VeChain price prediction 2021
In 2021, the market sentiment around most cryptocurrencies is very bullish. The same is true for VET. There are several reasons for this:
- Because its focus point, supply management, is one of the biggest pillars in blockchain and one of the best use case scenarios for VeChain.
- Because the token is strongly linked with the solutions provided by DeFi applications, which can be built on top of VeChain’s blockchain.
- Among these DeFi applications, a large area of interest is that of gaming, which is growing thanks to the new ideas linked to a perceived Metaverse.
- Because VeChain has never experienced the effects of a parabolic bull run.
The reason we mention these points is to justify our prediction. We believe that VET will experience massive growth, reaching $1 in USD value in the final quarter of 2021. We also believe that there will be at least one strong parabolic bull run during the same period which could see VeChain temporarily growing to even higher price points, possibly within the $2-$3 range.
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VeChain price prediction 2025
While it is rather hard to give long-term price predictions, we can certainly say that our 2021 forecast is low compared to what the cryptocurrency can potentially be worth a few more years down the road.
In the next 4 years we expect to see a massive growth in DeFi and the first steps to the creation of a virtual reality, empowered and supported by decentralized projects. This area of focus is very relevant to VeChain, which will continue to act as a foundation for supply management of (virtual) luxury items.
By 2025, we expect the total market cap of the crypto industry to have exceeded that of Gold. Sitting at roughly 10 trillion, this would mean that the whole market will nearly 10x from this point onwards. About half of this value will most likely be locked in Bitcoin and Ethereum. The rest will most certainly be spread throughout fundamentally strong DeFi-related projects, such as VET. With this in mind, it wouldn’t be unreasonable to expect VET to reach a $10 price point before the end of 2025. This prediction is highly speculative, but would be much more realistic if we manage to hit our 2021 target.
If the 2021 target is not reached, we can also create a scenario for a bearish price performance. This may happen if a stronger supply management project manages to outperform VeChain and is chosen as the go-to option for luxury goods. If the captured market share of VeChain decreases, so will its price. As such, the bearish scenario could see VET somewhat stagnant in the $1 area, as the rest of the industry continues to grow.
VeChain price prediction 2030
By 2030, many futurists believe that humanity will be fully linked with AI. The development of virtual realities will no longer be a far fetched idea but the foundation of our daily life. Due to this, decentralized projects will become increasingly important and valuable in terms of market capitalization.
When looking at the current partnerships of VeChain we can expect the project to become important in both the physical and virtual world. Its partnership with Amazon (AWS) will be mainly reflected in the digital world, while partnerships with BMW and Walmart will be more useful in the physical world.
Why is this important? Well, because it indicates that VeChain will most likely survive in the next 10 years, unlike most of the cryptocurrencies that are currently circulating the market. Its strong partnerships and reputable investors (Tim Draper among others) give us confidence that VET will experience even more growth in the years to come.
Our projection for 2030 sees VET at $50-$60 and is derived by speculating on the future importance and growth of DeFi, as well as the Metaverse. One could also include the fact that counterfeit markets will become more sophisticated, and it will become even harder to recognize an original product from a copy.
VeChain price prediction 2050
Today, it is very difficult to predict how 2050 will look like. Especially when it comes to the crypto industry, this week alone may seem longer than a month in terms of developments. Therefore, when it comes to the future VeChain value, it is important to remember that our predictions are highly speculative.
Assuming that VeChain, or an updated version of the project, will still be around in 2050, its value may no longer be measured in USD, as there are many who believe that a complete economic collapse is near. Therefore, we could more accurately make this prediction by looking at the coin’s price in ETH value. The reason we chose this coin is because of its importance in same areas that VET operates. That, of course, entails that we also look at Ethereum’s price performance during this time. You can read more about that here.
Overal, we believe that VET will be valued at approximately 0,001 ETH, similar to its price during the ICO. We estimate that Ethereum could be headed to 6-digit pricepoints within the next few decades, which would bring the value of VET at $100+.
VET price prediction – Signs to look for
VeChain’s progress over the past 3 years has been nothing short of inspiring. And while the general sentiment is already positive, there are several signs you should be looking out for when trying to make a VET price prediction in the short to mid-term:
- New partnerships – Partnerships with well-known brands are often responsible for short term price volatility. By following the VeChain Foundation on Twitter, you will be the first one to hear about those partnerships, and trade accordingly.
- Stronger investors – With Tim Draper on board, VeChain has more chances of survival. As supply chain management solutions continue to increase in importance, it might be useful to track and research investors that acquire part of the company’s shares.
- Western adoption – VeChain was established in China and has mainly Chinese partnerships. We expect to see an eventual growth within the markets of the West, and increased adoption by merchants on a global scale.
- Growth in counterfeit markets – Global counterfeit markets are grossing more than $400 billion per year and are growing more on a year-to-year basis, as equipment for product imitation becomes increasingly sophisticated.
Vechain price prediction today
If you want to track the value of VET regularly, make sure you check our VeChain price chart. Through a series of filters and data points, you will be able to track the price of VET, while adjusting timeframes, paired currencies, and market data. You can also use our VET calculator to calculate the value of your holdings or estimate the amount you’d need to pay in order to acquire the amount you want.
The crypto markets require continuous observation, especially for those who wish to benefit from short-term trading opportunities. Therefore, make sure you trust one of the most valuable VeChain price prediction tools in the industry.
If you made it this far, you should now have a better idea of our VeChain price forecast. To summarize, here are the key points:
- VeChain price prediction 2021 – $1
- VeChain price prediction 2025 – $10
- VeChain price prediction 2030 – $50-$60
- VeChain price prediction 2050 – $100+
The increased demand for VeChain is strongly linked with the project’s fundamentals, which will play an important role in the future of DeFi, online gaming, and supply chain management. Furthermore, the partnerships that VET has already achieved over the past few years are a secondary indication of the project’s success in the long term.
That being said, the contents of this document do not aim to act as financial advice. They only indicate our subjective and speculative opinion on the future value of VeChain. As such, it is important to perform further research and form your own opinion, before making any investment decisions.