VeChain Price Prediction 2022-2026- Will VET Price Hit $0.075 by the end of 2022?
VeChain as a blockchain fintech company is used to increase the efficiency of the supply-chain process, food production, logistics, distributed ledger technology (DLT), initial exchange offerings (IEOs), and Initial Coin Offerings (ICOs) of smart change devices on the internet of things (IoTs).
What is VeChain (VET)?
VeChain was founded in July 2017 and registered in Singapore. The VeChain Foundation manages the project. Prior to 2015, VeChain was only a project idea for tracking luxury goods to prevent counterfeits.
VET is used in the VeChain ecosystem to transfer value. Sunny Lui founded VeChain and the VeChain Coin as a robust solution for deploying a decentralized infrastructure of data management applications and the Internet of Things.
Fraud within the logistic process is detected with VeChain and counterfeit goods are abolished through the system.
Let’s see the Price Analysis of VeChain.
Price Analysis of VeChain (VET)
Flashback: Fundamental Analysis of VeChain (VET).
VeChain is upgrading to a version called Surface, which will see the network build up security measures and adaptive tools. It will do this with the implementation of a consensus reached PoA2.0.
Unlike proof-of-work or proof-of-stake, PoA2.0 will finalize transactions securely through computer-generated randomness, committee-based blockchain production, and a passive block confirmation process
Also the news that the VeChain Foundation has now set up a European office in the Republic of San Marino will surge it’s price. This is because of the strength of the European market that will be covered through transparency, and good regulatory policies that will enhance the project to un with its vision. Vechain is penetrating a lot of markets in the internet of things.
Let’s see chains on the VeChain Price Analysis.
https://www.tradingview.com/x/fPd2aOsn/
From the chart above, VeChain (VET) is approaching support level1. The price might surge further if its breaks the support level to trade at a minimum price of $0.052 soon.
https://www.tradingview.com/x/UsHoje3Y/
Since VET/USDT price had been bullish for some days. Buyers could surge the price further so as to recover from previous lost as seen in the Keltner Channel chart above.
https://www.tradingview.com/x/u1qVQ8Mr/
The average direction index (ADX) of VET shows that it is going down. Though the last candlestick is bullish, traders should be mindful since the price mostly follows the direction of ADX.
The section below explains the price prediction of VeChain for the next five years.
Price Prediction of VeChain (VET) 2022
By the end of June 2022, the price of VeChain will reach $0.06. However, it will experience a drop in price to at least $0.05 before climbing to about $0.075 by the end of 2022.
Price Prediction of VeChain (VET) 2023
By the end of June 2023, the price of VeChain will reach $0.06. However, it will experience a sudden rise in price to at least $0.12 before dropping to about $0.1 by the end of 2023.
Price Prediction of VeChain (VET) 2024
By the end of June 2024, the price of VeChain will reach $1.36. However, it will experience a drop in price to at least $1.05 before climbing to about $1.75 by the end of 2024.
Price Prediction of VeChain (VET) 2025
By the end of June 2025, the price of VeChain will reach $2.16. However, it will experience a drop in price to at least $2.05 before climbing to about $2.5 by the end of 2025.
Price Prediction of VeChain (VET) 2026
By the end of June 2026, the price of VeChain will reach $3.6. However, it will experience a drop in price to at least $2.85 before climbing to about $4.5 by the end of 2026.
Price Prediction of VeChain: Market Sentiments.
In the section below, we will consider the price prediction for VeChain from well-known media houses:
DigitalCoinPrice
The price of VeChain (VET) according to DigitalCoinPrice will be $0.063 by 2022 and $0.16 by 2028.
CoinQuora
The price prediction of VeChain token according to CoinQuora will be $0.2 in 2022, $1 in 2023, $3 in 2024, $5 in 2025, and $10 by 2026.
Wallet Investors
The price of VeChain will be $0.107 by this time next year and $0.39 by 2027 according to Wallet investors.
Our Price Prediction for VeChain (VET)
VeChain price will be $0.075, $0.1, $1.75, $2.5 and $4.5 by 2022, 2023, 2024, 2025, and 2026 respectively.
Conclusion
With the rise in the number of Logistic and management companies as well as the population of the world that needs agricultural products, investors win VET will have good returns in the coming years.