VeChain (VET) Price Prediction 2024-2030: Will VET Hit $0.5 in 2025?

Cryptocurrency markets have enjoyed a measure of bullish price actions in the major parts of 2024 and are at the brink of what is termed the mega bull

Key Takeaways

Market Sentiment – Bullish

Technical Analysis – Bullish

AI/ML algorithm Prediction – 2025 VET will be worth $0.5 and in 2030 VET will be worth $3.5

50-day and 200-day EMA Bias – Bullish

Cryptocurrency markets have enjoyed a measure of bullish price actions in the major parts of 2024 and are at the brink of what is termed the mega bull run in the history of the cryptocurrency market.

VeChain has come under the radar, showing high potential for a 100X rally as investors and traders watch VeChain (VET) as reliable forecasts concerning its movement begin to surface on the internet.

Understanding VeChain’s potential and use case in a very volatile market could help make better decisions ahead of its price prediction and help us understand how it has historically performed in previous bullish and bearish cycles.

Understanding VeChain (VET) And Its Historical Overview

VeChain (VET) is an old cryptocurrency asset with real-world applications in the supply chain system, logistics, and enterprise solutions. Investors are seeking a VeChain (VET) price prediction for 2030.

With a unique architecture, VeChain’s (VET) ecosystem is designed for supply chain and business processes, using blockchain technologies to carry out these services. Its ecosystem deals with two distinct tokens called VET and VTHO, which are used to pay for on-chain transactions and transfer value across VeChain’s network, respectively.

VeChain was founded in 2015 by Sunny Lu, the former chief information officer (CIO) of Louis Vuitton, China. It started as a subsidiary of Bitse, one of China’s largest blockchain companies. VeChain’s growth cannot be questioned, as it has built strong fundamental and technical potential in the cryptocurrency space.

Its ecosystem continues to experience tremendous growth, with plans focused on helping developers onboard their blockchain applications, such as dApps, on its ecosystem, improving the Internet of Things (IoT) mechanism, and creating a more sustainable economy for businesses in the supply chain and beyond.

VeChain (VET) Price Prediction For 2024

The price of VeChain (VET) has had its fair share of a bearish market that lasted close to 3 years as the price of VeChain (VET) dropped to a region of $0.02 after its all-time high of $0.28, 2021.

The price of VET has struggled ever since to reclaim its bullish momentum but on several occasion has failed as the price of VeChain (VET) went into an accumulation phase of 938 days and was eventually followed by a breakout as price currently trades around $0.044 from its low of $0.02.

The price of VeChain (VET) could be on the road of making history once again after many bullish signs across its fundamental and technical data arises as it faces key resistance around $0.055.

A break and close above $0.055 could mean new year high since 2021 which also confirms price is prime for more upside as VET bulls continue to dominate its price.

Ali, a crypto analyst on X, has shared similar expectations for the price of VeChain (VET) in 2024 heading into close of years as he stated — “It feels like it will be a big week for #VeChain! If history repeats itself, $VET could be looking at a move to $0.054 this week, a brief correction until June, and then a bull run to $0.70 by November!”.

VeChain (VET) Long-term Price Prediction 2025-2030

Conclusion

VeChain’s innovative approach to addressing the problems facing the supply chain industry through blockchain technology places its project in a unique state. It aims to build transparency, reduce cost, and prevent fraud while ensuring easy traceability, which sets it apart in the blockchain.

The future of VeChain cannot be questioned. With much adoption and a unique use case, coupled with its current price action, we could see the price of VeChain performing well in the long run.