In VeChain (VET) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about VET to analyze the future movement of the cryptocurrency.
VeChain (VET) Current Market Status
According to CoinGecko, the price of VeChain (VET) is $0.02393241 with a 24-hour trading volume of $65,803,241 at the time of writing. However, VET has decreased by nearly 4.4% in the last 24 hours.
Moreover, VeChain (VET) has a circulating supply of 72,511,146,418 VET. Currently, VeChain (VET) trades in cryptocurrency exchanges such as Binance, FMFW.io, Upbit, WhiteBIT, LBank and KuCoin.
What is VeChain (VET)?
VeChain (VET) is the native token operating on the VeChainThor, a public layer-1 blockchain. Initially, VET was launched formerly as VEN, an ERC-20 token, on the Ethereum blockchain. Later in 2018, VEN was swapped onto the VeChainThor blockchain.
VeChain is based on a two-token system that hosts the tokens, VET, and VTHO. VET is used as a payment token in the DeFi space whereas the latter serves as the energy token for facilitating the transactions. The blockchain relies on the proof-of-authority (PoA) consensus which demands validators to stake at least 25 million VET at the ‘authority master nodes’ along with providing their real identities.
VET has use cases extended over the off-chain markets too. It integrates blockchain-based tracking solutions with the Internet of Things (IoT) deployed in supply chain systems in global enterprises.
VeChain (VET) Price Prediction 2022
VeChain (VET) holds the 34th position on CoinGecko right now. VET price prediction 2022 is explained below with a daily time frame.
Currently, VeChain (VET) is in the range of $0.02414. If the pattern continues, the price of VET might reach the resistance levels of $0.02528, $0.02722 and $0.03362. If the trend reverses, then the price of VET may fall to $0.02342.
VeChain (VET) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, VeChain (VET) might probably attain $0.3 by 2023.
VeChain (VET) Price Prediction 2024
With several upgrades in the network, VeChain (VET) might enter a bullish trajectory towards hitting the $1 mark. If the coin grabs the attention of major investors, VET might rally to hit $0.5 by 2024.
VeChain (VET) Price Prediction 2025
If VeChain (VET) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, VET would rally to hit $0.7 VET might establish its newer all-time high.
VeChain (VET) Price Prediction 2026
If VeChain (VET) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, VET would rally to hit $0.9.
VeChain (VET) Price Prediction 2027
If VeChain (VET) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, VET would rally to hit $1.
VeChain (VET) Price Prediction 2028
If VeChain (VET) holds up a strong stance as a better investment option for the next 6 years, it might drive significant price rallies. Thus, by 2028, VET would hit $3.
VeChain (VET) Price Prediction 2029
If investors flock in and continue to place their bets on VeChain (VET), it would witness major spikes. VET might hit $5 by 2029.
VeChain (VET) Price Prediction 2030
With greater advancements in the VeChain ecosystem, the crypto community might continue to invest in VeChain (VET) for the next 8 years and drive significant price rallies for the token. Hence, VeChain (VET) might hit $7 by 2030.
Conclusion
With continuous improvements in the VeChain network, we can say that 2022 is a good year for VET. For this reason, the bullish price prediction of VeChain (VET) in 2022 is $0.06433. On the other hand, the bearish price prediction of VeChain (VET) price prediction for 2022 is $0.02018.
Furthermore, with the advancements and upgrades to the VeChain ecosystem, the performance of VET would help to reach above its current all-time high (ATH) of $0.280991 very soon. But, it might also reach $0.1 if the investors believe that VET is a good investment in 2022.
