Vechain VET Announced Plans to Reach $1.00 Explained Step by Step!

vechain v-e-t announced plan to reach one dollar explained step by step today asia is one of the main hubs of blockchain development and some of the brightest cryptocurrency projects and vechain is one of them moreover the native token vet has succeeded in the crypto space and also emerged as one of the good and profitable investment offlet but what can we expect from vechain in the future will the vechain price surge or plunge in five years these are the basic queries any trader wants a proper way out therefore in this video an explanation on vechain's plan to reach one dollar and its future prospects in terms of fundamental growth and price surge is covered hence this piece of composition may assist you in decision making as to how best you can allocate vet in your portfolio make sure to hit the like button and subscribe for us to provide you with more vechain news don't forget to enable all notifications to join our weekly cash giveaway pinned in the comments hi v chain lovers welcome to v chain land your daily dose of v chain if you're interested in everything around v chain this is the place for you make sure to hit the like button and subscribe for us to provide you with more v-chain news and let us know in the comments how much you think v chain will cost next week as of the 27th of july the v chain price has staged a remarkable rebound in the past few days as digital currencies rebound the vet price has jumped to 0.8440 which is about 47 above the lowest level last week this rebound has pushed its total market capitalization to more than 5.3 billion dollars and pushed its ranking to position 23.

Vechain is among the best performing digital currencies in the past 24 hours after rising by more than 18 the other top performers are dogecoin cardano bitcoin cash and wrapped bitcoin this strong performance is mostly because of the overall positive sentiment in the digital currency space in fact the cryptocurrency fear and greed index has moved to 24 which is above last week's low of 10. for one the recent weak economic numbers from the u.s have given the fed cover for leaving interest rates and quantitative easing intact for a while further we have had some positive news about the industry from the likes of elon musk kathy wood and amazon as we wrote earlier today amazon is considering accepting bitcoin by the end of the year if this is accurate then we can expect that other digital currencies like bitcoin and ethereum will keep rising therefore in most cases vechain prices tends to do well when other digital currencies rebound this is the main reason why the coin is jumping today the daily chart shows that the vet price broke out below the key support level at 0.0677 last week it then declined to a multi-month low of 0.0560 the coin has now moved above the 78.6 retracement level and is attempting to move above the 50-day ema the coin also seems to be forming an inverted head and shoulders pattern which is usually a bullish signal therefore while this may be the start of a new bullish trend there is a possibility that it's a relief rally as such it means that the coin is not in a buy zone yet the buy zone will be confirmed when it moves above the 100-day ma at 0.10 now let's get back to the topic as vechain is focusing on solving a major global problem its vet cryptocurrency has bright prospects the global supply chain management space that vechain aims to disrupt is expanding and its value is set to reach 37 billion dollars in 2027 from 16 billion dollars in 2019.

Corruption is among the biggest challenges the supply chain management industry faces it's such a serious problem that the un estimates that five percent of global gdp is lost to corruption with bribes alone costing more than one trillion dollars each year the blockchain technology that vechain has built removes the risk of corruption from supply chain management v chain ranks among this year's best performing altcoins and investors are eager to know where it's headed digital coin price predicts vet coin will gain 40 percent to close 2021 at 0.15 it also believes the coin will continue rising touching 0.20 in 2022 0.30 in 2024 and 0.40 in 2025 which implies a 250 upside vechain foundation a nonprofit organization registered in singapore in 2017 manages the project the project is known for its collaboration with major companies such as microsoft shanghai gas walmart china bmw group h m and others further vechain plans to become a leading platform for initial coin offerings ico and also a platform for conducting transactions between the internet of things iot and its connected devices v chain commenced the year with its price trading at 0.020 v chain might reach 0.3 dollars by the end of may the price might remain stable around 0.3 dollars with certain fluctuations until the mid of 2021 as indicated by vechain's highly diverse partnerships the blockchain platform sets out to bring the advantages of decentralized applications in smart contracts to a large number of different industries by 2021 v chain might reach 0.42 dollars to 0.5 dollars which may move vet upwards in the ranking order v chain is in progress mode to build a blockchain-based platform that does not only limit itself to the digital world but also can integrate with the actual business ecosystems as well this would ensure that enterprises would be able to control various functions with the assistance of this blockchain if it's able to provide complete integration of the blockchain-based platform with the actual business world it would be easier for the companies to use the blockchain by 2025 v chain might reach 10 on the contrary if the bear market flips the uptrend then the possibility of the price plunging to as low as two dollars to three dollars rises the highest price vet coin has attained since its launch is 0.28 fans are longing to see it reach one dollar but at the current price the crypto would need to gain 900 to reach that milestone in the past year vet coin has climbed an average of 90 percent per month if it maintains that growth it could hit one dollar as soon as 2021 however it could take it two years to get there if its growth slows to ten percent per month based on what took place earlier this year i believe it's possible for one consider the fact that vechain started 2021 at around 2 cents then take note of the 10 times move that happened within a few months time in april the vet token price reached a 52-week high of nearly 28 cents this demonstrates the moonshot moves that can happen when the crypto community gets into a buying mood v chain fans have something to show for their investment vet coin has gained about 450 percent in 2021 and 1200 in the past year the altcoin dropped to an all-time low in march 2020 just as the coven 19 pandemic began to disrupt markets investors who bought that dip are now looking at blockbuster returns of more than six thousand percent v chain crypto price predictions show it has more room to run also if you've been waiting to buy the dip in vet coin now's the time the recent profit taking has left the altcoin down more than 30 percent in the past month and 60 below its all-time high of 0.28 dollars reached in april 2021.

If vechain continues following their road map increasing their partnerships and implementing their vechain tool chain platform within more businesses they will end up carving up a good portion of the supply chain sector catapulting them into massive success some market analysis indicates vet is going to hit 75 default it means vechain will attain 10 dollars and then surge its way above 70 however if vechain is to hit 75 the coin's present market valuation must rise by over 140 000 but the project has the potential to hit 10 within the next three to five years we would like to again highlight how big of the opportunity can be seen here so what is stopping you to go for v chain as it has the potential and future to go bullish and big also we would like to mention that this is not a channel intended specifically to provide financial advice and we do not ask you to invest in any company this is merely a channel directed towards bringing educational content to your doorsteps with that in mind before you invest in anything we recommend you do thorough wide spectrum research on the topic well that's it for today's video guys and make sure to subscribe and give us a thumbs up see you next time on vechainland

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