The Asian token VET has succeeded in the crypto
space and emerged as an excellent & profitable investment offlet. But what can be expected
from VeChain in the future? Will the Vechain price hit one dollar?
Hey fellas! Welcome back to another episode. In today's video,
we are going to talk about VeChain. Will VeChain hit one dollar? Before we get into the video,
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Without further ado, let's dive in! VeChain is a blockchain platform created to
improve supply chain management and business means. Its goal is to streamline these methods
and information flow for complex supply chains using distributed ledger technology (DLT).
The VeChain platform includes two distinct tokens: the VeChain Token (VET) and the VeChain
Thor Energy (VTHO).
The former is utilized to transfer value across VeChain's network.
The latter is being used as energy or "gas" to power intelligent contract transactions.
VeChain declares that its aim is "to build a trust-free and distributed business ecosystem
platform to enable transparent information flow, efficient collaboration, and
high-speed value transfers." Now let us look at the current price of VeChain.
VeChain price at the time of making this video is $ 0.105157 with a 24-hour trading volume of
$ 1,134,922,415. VET price has decreased by 4.3 percent in the last 24 hours. It has a flowing
supply of 65 billion VET coins and a maximum supply of 86.7 billion. If you are looking to
buy or sell VeChain, Binance is currently the most active exchange. It is currently ranked 21.
Know that prices of cryptocurrencies frequently change, so by the time you watch this video,
it might have switched to a whole new value. VeChain has been presenting a rising tendency,
so we can believe that similar market segments were viral in the given time frame.
According to the Gov Capital prediction system, the asset's future price is predicted at $
0.213724 or 103.741 percent after a year.
This indicates that if you invested 100 dollars now,
your current investment might be worth 203.741 dollars on the 12th of June 2022, Sunday.
This means that this asset is suited as a new addition to your portfolio as bullish
trading markets are always a lot easier. According to Gov Capital, VeChain might
hit 1 dollar in the next five years. Now let us look at the technical analysis and
the price predictions by different analysts. The daily technical chart of VeChain price action
forecasts a downtrend. According to pivot points, VET's critical support level is placed
at 0.07660 cents. Whereas if it moves up, the primary resistance level to watch is 0.1500
cents. While diving into the chart deeply, it concludes that both bulls and bears
failed to gain control over the momentum. The Ichimoku Cloud, combining lead one and
lead two with a displacement value of one. It plays as a pivot level and ahead
indicator in the asset price movement. Investors may observe the price break under the
green Moku Cloud and now test the red Moku Cloud. Hence, until the value stays below the red Moku
Cloud, it will assure a bearish trend in VET. The MACD indicator gives (BULLISH) crossover
above the signal line on the 31st of May, indicating a buy signal in the coin.
Investors can see both the lines are getting closer to each other on intraday, which
may lead to intersections once again. Also, faded tiny green bars are
visible in the Histogram index. The volume of 7.19M showcases low importance
below the volume MA and 11.36 million of 20-days. Traders are directing low volume in the
order book, resulting in the price level remaining in a lower region. Investors may also
observe declining volume bars in the chart. VeChain initiated the year with its price
trading at 0.020 cents. VeChain might attain 30 cents by the end of May.
After that, the
price might remain stable at around with inevitable variations till the middle of 2021.
As shown by VeChain's highly diverse partnerships, the blockchain platform sets out to bring
the advantages of decentralized applications and smart contracts to many various industries. By
2021, VeChain might attain 42 cents to 50 cents, which may move VET upwards in the ranking order.
VeChain might begin the year 2022 with the price of 44 cents and may proceed to be on the same
scale of 4 cents with slight variations until July. After that, the price may climb to
50 cents and might remain the same drift for several months. Finally, at the end of
2022, VET might attain 7 cents to 8 cents, and with a highly bullish trend, the price
may also get much closer to one dollar. VeChain is in development mode to build a
blockchain-based program that limits itself to the digital world and can integrate with the
existing business ecosystems.
This would guarantee that enterprises would be able to regulate various
functions with the assistance of this blockchain. If it can fully integrate the blockchain-based
platform with the real business world, it would be more manageable for the companies to use the
blockchain. Thus, by 2025, VeChain might attain 5 dollars. On the contrary, if the bear market turns
the uptrend, then the probability of the price falling to as low as 25 cents to 3 dollar rises.
The broad cryptocurrency rally lifted the VET price from 0.0191 cents at the start of January to
an all-time high of 28 cents on the 17th of April. However, the coin then began to retreat,
dropping to a low of 7 cents on the 19th of May and again on the 23rd of May, in line
with a sharp cryptocurrency sell-off. The VET crypto price prediction from
Wallet Investor forecasts that VET will climb from 959 cents at the start
of June to end the year at 195 cents. It could then rise further to 384 cents by the end
of 2022 and reach 951 cents by December 2025.
That suggests the price could get to 1 dollar in 2026.
The VET/USD forecast from Digital coin predicts the price will rise over time, but not by as much
as Wallet Investor's prediction. It projects that VET will average 1532 cents in 2021, 1853 cents in
2022, 3056 cents in 2025, and 4749 cents in 2028, indicating that the price could remain
below one dollar for the rest of the decade. Coin Price Forecast is more bullish, predicting
the VET price will climb from 27 cents at the end of 2021 to 62 cents by the end of 2022 and 99
cents by 2025.
Furthermore, it indicates that over the longer term, VET will surpass the one dollar
level in 2026 and end the decade at 1 dollar 66. The cryptocurrency market had seen
a significant boom in the past year, and many cryptocurrencies have reached record
prices. VeChain has become popular over the past few months and has given good returns on
investment. Crypto experts believe VeChain is one of the most underrated cryptocurrencies that
have the potential to blow up in the future. VeChain has already collaborated with many
famous companies to provide supply chain data and tracking solutions, which have
made VeChain steadily more popular and a good choice for investors. However, while many
cryptocurrencies have a high evaluation, not many currencies have a real-world application yet.
However, it is essential to remember that investing in VET is no guarantee of financial
success, just like any other asset.
The crypto market persists to be as volatile as ever, making
it hard to predict the coin's price in a few hours and even harder to give long-term estimates.
We advise you to consider the newest market trends and news, technical analysis, and expert
opinion before initiating any investment choices. The content in this video is for educational
purposes only and hence should not be considered as financial advice.
All the financial decisions
should be made after doing your research. The information presented in this video does not
constitute investment advice, financial advice, trading advice, or any other sort of advice, and
you should not treat any of the content as such. The content in this video is for educational
purposes only and hence should not be considered as financial advice. Do conduct your due
attention and discuss with your financial advisor before making any investment decisions.
And with that, it's time to end the video. We hope this video was informative
enough to take something home. Do let us know in the comments section below
your opinion on VeChain hitting one dollar. Have you invested in it yet?
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