VeChain (VET) Price Prediction 2025-2030: Are VET’s $2 projections justified?
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
VeChain is a flexible enterprise-grade L1 smart contract platform with a native crypto – VET. VeChain started out in 2015 as a private consortium chain, collaborating with a variety of businesses to investigate blockchain applications. With the ERC-20 token VEN, VeChain would start its shift to a public blockchain in 2017. In 2018, it would launch its own mainnet under the ticker VET.
Since the beginning of 2022, VET has been on a steady downtrend. This decline can be attributed to the crypto-winter. At press time, the altcoin was trading at $0.023, up by 2.25% over the last 7 days. The market capitalization was $1.69 billion.
At the time of writing, the developing candle on the charts demonstrated that despite the bulls’ efforts to drive the price of the VET high, it has not yet managed to close above recent short-term highs.
The declining candles and the movements of the MACD and Signal lines all indicated neutral price activity. When VET’s price breaks the trend line and closes above it, it may go towards $0.026. If so, the crypto may move even farther in the direction of the $0.034-resistance level.
VET’s price had been rising quickly prior to the onset of the crypto-winter as it gained popularity among businesses and developers. As more companies utilize VeChain for supply chain management and other applications, demand is anticipated to rise. And this is why expectations are still high from the token.
In this article, we will analyze what drives the price of VET and what factors affect the altcoin’s price.
VeChain is a blockchain platform that enables
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