Vechain is one of the best supply chain solutions in the blockchain industry. It was built to help big companies in the supply and delivery of their product.
Different analysis has been made on the Vechain price prediction from 2023 to 2030. Various crypto analysts have varying opinions on the future of the Vechain network and price.
Some of the analysis and predictions are based on Vechain’s previous price performance and evolving technology.
Vechain has had highs and lows, which are impacting the prices differently. However, remember that the Crypto market is always volatile and subject to change.
This Vechain price prediction will look at the different price predictions from 2023 -2030.
This price prediction is not financial advice.
What is Vechain?
Vechain is a supply chain solution on a blockchain. The supply chain solution helps producers authenticate and track their goods at many stops until they reach their final destination.
The Vechain supply chain solution targets companies that want to track their goods and all the stages it takes to get to their final destination.
Different companies can benefit from Vechain’s supply chain solution.
Food companies can use the supply chain to track their food until it reaches the final destination. Pharmaceutical companies can use the Vechain supply chain to track their drugs to the final consumers to ensure they are not stealing, skimming, and leaking.
In the reverse order, consumers can also track their food to ensure that it comes from a safe place using the supply chain solution.
What differentiates Vechain from other supply chain options previously used by companies is the Internet of things and Vechain blockchain. With the internet of things, devices are connected to the internet at every point of the supply to ensure they have done all they are supposed to do.
Also, the Vechain blockchain stores information permanently and securely.
Vechain current price situation
Before diving into the expert analysis on the future price of Vechain, we will take a quick ride on what has been up with Vechain in 2022.
Since 2022 started, Vechain has been in what could be described as a spiral movement. The price keeps increasing and decreasing. Vechain has signed different partnerships that positively impacted its price, but with the numerous market crash that has been witnessed, Vechain is struggling to maintain a balance in the price.
After the mid-march crash that Vechain experienced when Vechain witnessed some disappointing low prices, Draper University announced a partnership with Vechain on 23rd March. Draper University did this by launching a fellowship and web3 accelerator program.
Toward the end of March, there was a slight positive rebound in the crypto market, and Vechain benefitted from it. This was evident in the price that got to $0.08906.
This victory was cut short following the wide market crash that happened in May and affected many cryptocurrencies. This sent Vechain back to $0.02412, which is a disappointing price.
Since May, Vechain has announced different partnerships, but the price was not influenced positively. It announced a collaboration with Amazon web service. The partnership with Amazon was to build a VeCarbon emission management software-as-a-service (SaaS) system to help China meet its neutrality goal by 2060.
Vechain also announced another partnership with the mixed martial arts organization Ultimate Fighting Champions (UFC) on June 12th.
However, these partnerships did not prevent the wide fall Vechain experienced after June 19th. The June 19th market crash sent the price of Vechain down to $0.2438. Therefore, it is safe to say that 2022 hasn’t been favorable to Vechain in terms of price.
Vechain price prediction 2023-2030
The different price predictions on Vechain are majorly based on the previous price performance and its evolving technology.
Vechain price prediction 2023
Judging from the previous price performance of Vechain and price analysis, it is expected to get to a maximum of $0.063 and an average of $0.053 in 2023.
VET is not expected to go below $0.051 in 2023.
Vechain Price prediction 2024
Judging from the previous price performance of Vechain and price analysis, it is expected to get to a maximum of $0.088 and an average of $0.073 in 2024.
VET is not expected to go below $0.073 in 2024.
Vechain price prediction 2025
Judging from the previous price performance of Vechain and price analysis, it is expected to get to a maximum of $0.12 and an average of $0.10.
VET is not expected to go below $0.0 in 2025
Vechain Price prediction 2026
Judging from the previous price performance of Vechain and price analysis, it is expected to get to a maximum of $0.18 and an average of $0.15 in 2026.
VET is not expected to go below $0.14 in 2026.
Vechain price prediction 2027
Judging from the previous price performance of Vechain and price analysis, it is expected to get to a maximum of $0.25 and an average of $0.22 in 2027
VET is not expected to go below $0.21 in 2027.
Vechain price prediction 2028
Judging from the previous price performance of Vechain and price analysis, it is expected to get to a maximum of $0.37 and an average of $0.33 in 2028.
VET is not expected to go below $0.32 in 2028.
Vechain price prediction 2029
Judging from the previous price performance of Vechain and price analysis, it is expected to get to a maximum of $0.55 and an average of $0.47 in 2029
VET is not expected to go below $0.46 in 2029.
Vechain price prediction 2030
Judging from the previous price performance of Vechain and price analysis, it is expected to get to a maximum of $0.79 and an average of $0.66 in 2030.
VET is not expected to go below $0.64 in 2030.
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Expert’s Prediction on Vechain
Digital Coin price
The digital coin price forecast expects slow growth in the price of Vechain in the coming years.
It expects that the price could get to $0.0348 by August 2022, and by December, it could get to $0.0339.
On average, Digital Coin price predicts that Vechain will be worth $0.0362 in 2023, $0,0364 in 2024, and $0.0491 in 2025. Then by 2030, it predicted that the coin could get to $0.11 in 2030.
Wallet Investor
The wallet investor seems not to be positive about Vechain because it expects a bad turnout of price in the long run. Wallet investors predict that Vechain will perform less than $0.002 in the coming year.
Gov Capital
Unlike other expert analysts, Gov Capital seems to have a positive view of the price of the Vechain, although this is in the short term. Gov Capital predicts that by the end of August, Vechain might hit $0.0471. Also, it predicts that in a year, Vechain will get to $0.12 and maybe $0.80 in five years.
Priceprediction.net
Priceprediction.net predicts that by the end of August 2022, Vechain might get to the price of $0.033 and $0.037 in December. Also, it predicts a price of $0.053 in 2023 and $0.073 in 2024. Then for 2025, Vechain might get to $0.10.
Conclusion
Some expert analyst has a positive outlook on the future price of the Vechain, while some don’t.
Vechain is the best supply chain system in blockchain with good projects at hand. However, that is not a complete guarantee of a constant bullish price moving forward.
The crypto market is always volatile and can change at any time. Before investing in Crypto, check the current market situation to help you make a better-informed decision.