Key Takeaways
- Our VeChain price projection presents an optimistic outlook, forecasting VET to reach $0.50 by the conclusion 2024.
- Looking ahead to the year 2030, VeChain’s price could potentially surge to $2 or higher, fueled by increasing recognition of its utility and the integration of blockchain technology into mainstream business processes.
Despite occasional market volatility and regulatory uncertainties, VeChain demonstrates resilience and a strong value proposition, positioning itself as a leader in blockchain-based solutions for supply chain transparency, product authentication, and data management.
Overall, the prevailing sentiment within the VeChain community is one of optimism and confidence, with stakeholders bullish on its long-term prospects and the transformative impact of blockchain technology. As VeChain continues to expand its reach and enhance its offerings, questions surrounding its price trajectory persist, inviting further analysis and exploration of its future potential.
VeChain Overview
| Cryptocurrency | VeChain |
| Token | VET |
| Price | $0.03541 |
| Market Cap | $2,574,589,202 |
| Trading Volume 24-h | $70,826,174 |
| Circulating Supply | 72,714,516,834 VET |
| All-time High | $0.2782, Apr 17, 2021 |
| All-time Low | $0.001678, Mar 13, 2020 |
| 24 High | 0.03722 |
| 24 Low | 0.03508 |
VeChain Price Prediction: Technical Analysis
| Metric | Value |
| Volatility | +0.85% |
| Sentiment | Bearish |
| 50-Day SMA | $0.0383 |
| 200-Day SMA | $0.0351 |
| Price Prediction | $0.0766 (117.67%) |
| F & G Index | 10.39 (extreme fear) |
| Green Days | 13/30 (44%) |
| 14-Day RSI | 56.21 |
VeChain Price Analysis: VET falls to $0.03400 as bears crush short-term support levels
The VeChain price analysis shows that the VET price action has found support at the $0.03400 mark where it currently trades. However, the increasing bearish pressure suggests that this might not be the end of the downtrend.
The broader cryptocurrency market observed bearish sentiment over the last 24 hours as most major cryptocurrencies recorded negative price movements. Major players include FIL and AVAX recording a 1.10 and a 1.00 percent decline respectively.
VeChain Price Analysis: VET rejected at $0.03650
The MACD is currently bullish as expressed in the green colour of the histogram. However, the indicator only shows low momentum as observed in the short height of the histogram. Moreover, the lighter shade suggests a decreasing bearish pressure across the charts as the price action observes rising volatility across the short-term charts.
The EMAs are trading above the mean position as net price movement over the last ten days remains positive. Currently, the EMAs are trading close to each other showing low bearish momentum at press time. Moreover, the converging EMAs suggest a decreasing bearish momentum.
The RSI has returned to the bottom of the neutral region as the price action falls to the $0.03535 level. At press time, the indicator trades close to the mean at the 47.55 index level as the price suggests low pressure from either side of the market while the neutral slope suggests low activity across the markets.
The Bollinger Bands are currently expanding as the price action increases volatility across the short-term charts. Moreover, the bands will continue converging as the price consolidates around the $0.03400 mark. At press time, the bands’ lower limit provides support at the $0.00.3300 mark while the upper limit presents a resistance level at the $0.03650 mark.
4-hour VET/USDT analysis
Overall, the 4-hour VeChain price analysis issues a sell signal at press time with 16 indicators supporting the bears. On the other hand, only two of the indicators support the bulls showing a low bearish presence. At the same time, eight indicators sit on the fence and support neither side of the market.
The 24-hour VeChain price analysis shares this sentiment and also issues a sell signal with 12 indicators supporting the bears against only five supporting the bulls. The analysis shows bearish dominance across the mid-term charts with a low bullish presence at the current price level. Meanwhile, the remaining nine indicators remain neutral and do not issue any signals at press time.
Bitcoin Technical Indicators: Levels And Action
Daily Simple Moving Average (SMA)
| Name | Value | Action |
|---|---|---|
| SMA (10) | $0.0356 | SELL |
| SMA (20) | $0.0352 | BUY |
| SMA (30) | $0.0359 | SELL |
| SMA (50) | $0.0383 | SELL |
| SMA (100) | $0.0417 | SELL |
| SMA (200) | $0.0351 | BUY |
Daily Exponential Moving Average (EMA)
| Name | Value | Action |
|---|---|---|
| EMA (10) | $0.0355 | BUY |
| EMA (20) | $0.0358 | SELL |
| EMA (30) | $0.0364 | SELL |
| EMA (50) | $0.0376 | SELL |
| EMA (100) | $0.0380 | SELL |
| EMA (200) | $0.0353 | BUY |
What to expect from VeChain price analysis?
The VeChain price analysis shows that the VeChain market observes strong bearish momentum causing the price action to dwindle from the $0.05100 mark towards the $0.037000 mark. While the bulls find strong support level at the $0.03700 mark, the strong bearish pressure suggests further downwards movement from the $0.04400 mark.
Traders should expect VET to continue its strong bullish rally, however, the rally would require a brief rest at the current price level as the bulls appear to be exhausted and need time before continuing the charge. Moreover, the strong trade volume suggests an increasing trade activity for the asset suggesting a strong force behind the recent push. As such, the price can be expected to move between the $0.03700-$0.04650 price level across the short-term charts.
Currently, the closest support level lies at $0.03800 while VeChain finds it difficult to move past the $0.04200 level.
Is Vechain a good investment?
VeChain stands out in the cryptocurrency market due to its specialized focus on supply chain management and enterprise solutions. It offers transparency and traceability across various industries, enhancing trust and efficiency in global trade. With partnerships with major companies and a strong emphasis on real-world applications, VeChain has significant growth potential. Its innovative use cases and practical implementations make it appealing to businesses seeking operational improvements. As awareness of supply chain issues continues to grow, VeChain’s relevance and adoption are expected to increase, making it an attractive investment option for those interested in blockchain technology.
Recent News/Opinion on Vechain
VeChain recently announced the launch of Maas, a powerful NFC that allows smartphones to recognize physical media to grant access and share information regarding the object.
VeChain Price Prediction 2024
In 2024, the price of 1 VeChain is anticipated to touch a minimum of $0.0433. The VET price might peak at $0.0523, maintaining an average of $0.0446 throughout the year.
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | 0.03 | 0.07 | 0.08 |
VeChain Price Prediction 2025-2030
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | 0.08 | 0.08 | 0.09 |
| 2026 | 0.10 | 0.12 | 0.13 |
| 2027 | 0.14 | 0.15 | 0.16 |
| 2028 | 0.14 | 0.15 | 0.16 |
| 2029 | 0.17 | 0.19 | 0.19 |
| 2030 | 0.24 | 0.26 | 0.26 |
For 2025, VeChain’s price is expected to start at a minimum of $0.08. It could potentially climb to a high of $0.09, averaging around $0.08 over the year.
VET Price Forecast for 2026
By 2026, VeChain’s price is projected to be at least $0.10. It might surge to a high of $0.13, with an average price hovering around $0.12.
VeChain (VET) Price Prediction 2027
Come 2027, VeChain is estimated to value at a minimum of $0.14. The price might escalate to $0.15, with a mean value of $0.16 for the year.
VeChain Price Prediction 2028
In 2028, VeChain’s price is likely to hit a floor of $0.14. Based on our analysis, it could peak at $0.15, with a median price of $0.16.
VeChain Price Prediction 2029
From our in-depth technical analysis, we anticipate that in 2029, VeChain will have a minimum price of $0.17. It could reach a zenith of $0.19, averaging at $0.19.
VeChain (VET) Price Prediction 2030
Our detailed technical study suggests that in 2030, VeChain will value at a minimum of $0.24. The price might soar to $0.26, maintaining an average of $0.26 throughout.
VeChain Price Prediction by Analysts
| Title | 2024 | 2025 |
| Coincodex | $0.033315 | $0.127785 |
| Digital Coin Price | $0.0600 | $0.0800 |
| CryptoPredictions.com | $0.058 | $0.075 |
- According to Coincodex’s current VeChain price prediction, the price of VeChain is forecasted to decrease by -1.11% and reach $ 0.032493 by February 12, 2024. Coincodex’s technical indicators suggest that the current sentiment is Bearish, and the Fear & Greed Index indicates a score of 45 (Fear).
- Based on the historical price movements of VeChain and the BTC halving cycles, the yearly low VeChain price prediction for 2024 is estimated at $0.030377. Meanwhile, the price of VeChain is predicted to reach as high as $0.127785 next year.
- According to Digital Coin Price’s VET crypto price prediction, the VET token is poised to witness a positive value in the next few years. The projected VET price for 2024 indicates that it may surpass the $0.0600 level, with a potential maximum price value of $0.0688. However, the price could experience a drop to a minimum of $0.0281 by the end of the year.
- CryptoPredictions.com’s VeChain price forecast states that, in 2024 VeChain is forecasted to hit $0.05870.
Cryptopolitan’s VeChain (VET) Price Prediction
At Cryptopolitan, we are bullish on Monero’s future price as the market sentiment is extremely impressive. By the end of 2024, Monero might record a maximum price of $283.38, with a minimum price of $116.53 and an average price of $248.01
We expect VeChain price to create a high of $283.38 by the end of 2024
VeChain Historic Price Sentiment
- VeChain partnered with BMW to deploy a card verification system. However, the car verification platform only continues the Vechain-BMW partnership called the Startup Garage.
- In 2018, VeChain entered into a partnership with supply chain management company DHL to build smart blockchain solutions for the logistics industry.
- Such partnerships and other notable ones like DNV and GL translate to a rapidly growing blockchain ecosystem. VeChain and its VET token will deploy decentralized financial services, applications, and smart contracts across various industries.
- The project analysis of the VET coin is overwhelming, and it can soon end the tears and tantrums of the current downtrend with the aim of a tremendous high in the future.
- However, the collapse of the crypto exchange FTX has created a black hole in the crypto market, forcing VeChain’s whale investors to liquidate massive positions and create selling pressure in the price chart.
Hence, our VeChain price prediction aims to bring you an in-depth technical analysis using advanced indicators to identify the current market trend and guide you through a profitable investment plan.
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