The recent cryptocurrency market rally has pushed most top projects into the greens. VeChain (VET) has rallied 8.7% in the 14-day charts and more than 66% over the previous month. Moreover, the asset’s price has increased 87.5% since March 2023.
Nonetheless, VET has faced a 3.7% correction in the weekly charts, and the asset faces significant resistance at around $0.050.
Reaching $1 is no easy journey for VET. The asset’s price has to rally nearly 2074% from current levels to hit $1. However, users and investors are hopeful VET will eventually reach its target.
According to Changelly, VeChain (VET) won’t breach the $1 mark till at least February 2032, about eight years from now. As for 2024, the platform anticipates the asset to hit a maximum price of $0.074, which it may attain in November. Reaching $0.074 from current levels would translate to a growth of about 60.8%.
Telegaon, on the other hand, predicts VET to breach the $1 mark in 2029, hitting a maximum price of $1.15 for the year. For 2024, Telegaon expects VET to hit a maximum price of $0.055. Reaching $0.055 from current levels would translate to a growth of about 19.5%.
Both platforms do not anticipate VeChain (VET) to breach the $1 mark before 5-8 years. Investors may grow impatient and sell before VET reaches its $1 target. However, there is also the possibility that the project launches innovative initiatives, pushing the asset’s price towards $1 much sooner than anticipated. Furthermore, if BTC surpasses its all-time high, we may witness another market rally, further propelling VET’s price.
According to Changelly, VeChain (VET) won't breach the $1 mark till at least February 2032, about eight years from now. As for 2024, the platform anticipates the asset to hit a maximum price of $0.074, which it may attain in November. Reaching $0.074 from current levels would translate to a growth of about 60.8%.
The bottom line — will VeChain reach $1? If VeChain were to reach $1, the market capitalization of the VET token would be roughly $72 billion. While this is certainly a substantial figure, it's not outside of the realm of possibility for a crypto asset to achieve.
Trading platform Changelly offers a more ambitious forecast with a longer timeframe. Its analysts suggest VET could reach $5.15 in February 2040 and even surpass $10 by May 2040.
VeThor Token (VTHO) is currently traded on the market at $0.00341064, so it would have to increase in value drastically to reach 1 USD by 2030. As of now, VeThor Token is forecasted to hit $0.004103183612138 by the end of 2022.
By the end of 2023, VET will break the psychological barrier of 0.25 € for the first time. In 2024, VeChain will continue to rise, closing 2025 with a price of 0.35 €.
Changelly noted that VeChain would have a minimum price of $10.66 by May 2040. Changelly's prediction looks like an uphill battle for VET as the coin is currently changes hands at $0.040. As a result, VET would need to rally 12,500% from its current price to hit $5 and 25,000% to reach the price of 10.
VeChain's price today is US$0.03164, with a 24-hour trading volume of $42.18 M. VET is +1.51% in the last 24 hours. It is currently -13.47% from its 7-day all-time high of $0.03656, and 4.29% from its 7-day all-time low of $0.03034. VET has a circulating supply of 72.71 B VET and a max supply of 86.71 B VET.
VET price could have a maximum value of $0.0776 by the end of 2024. VeChain price with a potential surge could go as high as $0.300 by the end of 2030.
According to our VeThor Token prediction algorithm, the price of VeThor Token will not reach $10. The highest expected price our algorithm estimates is $ 0.007245 by Jan 1, 2029.
The price of the altcoin could hit a maximum of $0.101, by the end of the next three years. With a potential surge, the VeChain price may go as high as $0.300 by the end of 2030.
Even though the road to 100 dollars is long, some things can send Vechain on the right path, helping it reach $100. If you don't know what Vechain does or how it works, you need to read this article (read the fundamental analysis part): Is Vechain A Good Investment In 2021?
VeChain price prediction December 2024: VeChain's price for December 2024 according to our analysis should range between $0.013 to $0.016 and the average price of VET should be around $0.015.
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