The market of crypto is growing continuously at an accelerating speed. With the increasing interest in cryptocurrency and their growing discontent towards traditional markets, crypto is showing more diversity such as currencies like TRX, AMC, PSG, BCH, and Bitcoin Gold.
Currently, Asia is one of the primary hubs of the blockchain community and some of the most brilliant cryptocurrency projects, and among them, VeChain is one.
Let’s know more about it, find out what Vechain Price Prediction is for 2021 and beyond?
What is VeChain (VET)?
(VET) VeChain is a powered blockchain platform created to restore supply chain management. It strives to provide the best resources to traders who want to resolve real-world economic obstacles.
The network has two native tokens, VET and VTHO; The aim is to promote supply chains’ efficiency, scalability, and traceability while showing more authority to individual traders.
The platform is unusual as it tries to overcome supply chain conflict and appeal to traders.
VeChain Current Market Status
VET continues to be one of the most competitive cryptocurrencies now. According to CoinMarketCap, the VET price is $0.1337. Notably, VET recorded an increased rate of almost 3.07% in the last 24 hours.
In terms of its market standing, VET market capitalization amounts to almost $8,624,841,949 with a 24-hour trading volume of over $1,072,020,145, with max supply chain 86,712,634,466.
As a result, the crypto ranks as one of the top 23 cryptocurrencies in CoinMarketCap. With all these accomplishments, VET has come a long way in strengthening its technology over the years.
Now that you understand what VET cryptocurrency is, do you think VET is a good investment in 2021 and upcoming years? If you are already eager to know, let’s review this VET price analysis and price prediction in this article.
VeChain (VET) Price Analysis 2021
VeChain remains to be one of the reliable digital investments in the crypto business. VET stands as one of the top 23 cryptocurrencies in CoinMarketCap.
Do you think this is sufficient to manage VeChain’s uptrend position this year?
Today, VET trades at a high of $0.133 with a 7-day increment rate of +21%.
In addition, we can observe that VeChain recently behaved as an Ascending Channel pattern.
An ascending channel is the price activity that happens in an uphill direction through a growing parallel line. More so, the calculation shows the Higher Highs and Higher Lows from this price pattern.
Furthermore, this pattern describes a short-term bullish.
In other terms, VET is preparing itself for a potential bullish rally in the times to come.
If this occurs, the crypto might move away from its $0.2 resistance level and touch the bullish price of $0.5. Of course, this is most expected to happen if the bullish market remains to stay with VeChain.
On the other hand, if the bulls are set against the crypto, the price of VET might drop. In brief, VeChain might burst out from its uptrend place and nosedive to a bearish value of $0.08 to $0.05.
Certainly, this price level is not an excellent knowledge for the mind of the investors.
The Relative Strength Index (RSI) of VeChain (VET) is at 68.53, showing an almost overbought position.
With this in understanding, traders, especially scalp and day traders, can trade with belief without worrying about a significant price repeal.
VeChain is one of the suitable cryptocurrencies in the year 2021. Since the start of this year, VET’s price has seen several bullish movements more potent than the earlier one. More so, these are followed by strengthening, variations, and improvements right away.
VeChain (VET) Price Prediction 2021
The VeChain system is one of the most effective cryptos this year by means of technology development. Do you think this is sufficient to make VeChain a good network to spend in 2021?
The crypto is displaying solid bullish signs against the bears. The crypto trades at a raised price of $0.136. If this bullish trend lasts, VET might be able to break its $0.148 resistance level.
It might even go further beyond $0.238 before the end of this year and is expected to reach $0.5 – $0.8 in 2021 if the market remains to support crypto.
But, if the market goes against the crypto, VET could encounter a price drop, an event in favour of the bears. This bearish event could trigger a price rollback below $0.08 and could even drop deeper to $0.05.
In this state, the crypto must discover an approach to recover its balance and grow back to its bullish status. Otherwise, the bears might turn the support level to the new resistance level, an experience not beneficial to investors.
VeChain (VET) Price Prediction 2022
If this bullish trend lasts, VeChain will touch $2 by the end of 2022. Moreover, the first six months of 2022 will show fast development, up to $2.5.
Then this growth will relax down, but no significant drops are supposed. With future partnerships and improvements, touching $2 is very positive in the price point of view but unquestionably achievable for the near future.
VeChain (VET) Price Prediction 2023
The price of VeChain can go even exceptional heights, however, touching $4. Moreover, this is feasible only if the market continues its bullish trend.
Furthermore, only if the cryptocurrency VeChain splits past the psychological resistance level.
VeChain (VET) Price Prediction 2024
According to the current developments, upgrades, VeChain price prediction, and new project calculations of the platform.
Moreover, this might increase the value of VeChain in the crypto market, and it will be the most reliable investment as the price can heighten and touch around $7.
VeChain (VET) Price Prediction 2025
In the following four years, VeChain prices could speed up to $10. This means that VeChain has a great possibility of reaching a new ATH quickly in the next five years as per the forecast.
However, achieving this level may not be so tricky for VeChain as other medium, short-term, and long-term value points could be found to purchase or sell orders.
VET Coin Price Prediction By Industry Experts
According to the VeChain price prediction done by Wallet Investor, the price of the coin is expected to reach around $1.3 by the end of 2025.Wallet Investor
According to the VeChain price prediction done by Digital Coin Price, the price of the coin is expected to reach around $0.51 by the end of 2025.Digital Coin Price
According to the VeChain price prediction done by Trading Beasts, the price of the coin is expected to reach around $0.42 by the end of 2024.Trading Beasts
According to the Vechain predictions done by Long forecast, the price of coin is expected to reach around $0.50 by the end of 2024.Long forecast
According to the VeChain price prediction done by GOV Capital, the price of the coin is expected to reach around $0.93 by the end of 2025.GOV Capital
Is VeChain a good investment? Will VET reach $1?
VeChain was determined to be one of the powerful and most active digital assets in the crypto realm in the past year. With this in understanding, it is smart to assume that VET is a great alternative to investment.
VeChain has had a growth pace of over +796% in the last 12 months in terms of the marketplace. If this trend remains, there is a great chance that VeChain can touch the bullish price of $1.
VeChain has a brilliant future onward of it in 2021. With the continuing improvements within the VeChain ecosystem and the overall crypto market, we may see VeChain touch new climaxes.
Bullish VeChain price prediction for 2021 is $0.8. It may even touch over $1 if investors have determined that VeChain is a good venture in 2021, along with other huge cryptocurrencies like Bitcoin and Ethereum.