VeChain Price Prediction for 2022, 2023 – Is VET a good investment?

VeChain Price Data

In this article we will show you VeChain price prediction. The live VeChain price today is $0.081996 USD with a 24-hour trading volume of $294,299,846 USD. We update our VET to USD price in real-time. VeChain is up 4.56% in the last 24 hours. The current CoinMarketCap ranking is #33, with a live market cap of $5,273,622,552 USD. It has a circulating stock of 64,315,576,989 VET coins and a max. supply of 86,712,634,466 VET coins.

Assuming that you might want to know where to purchase VeChain, the top cryptographic money exchanges for trading in VeChain stock are presently Binance, Mandala Exchange, FTX, Huobi Global, and KuCoin. You can observe others listed on our crypto exchanges page.

VeChain Price Prediction

To discover much more about this venture, look at our profound plunge of VeChain.

What Is VeChain

VeChain (VET) is a versatile enterprise-grade L1 smart contract platform.

VeChain began in 2015 as a private consortium chain, working with a large group of enterprises to investigate applications of blockchain. VeChain would start their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching their very own mainnet in 2018 utilizing the ticker VET.

VeChain aims to utilize distributed governance and Internet of Things (IoT) innovations to create an environment which tackles major data obstacles for different global ventures from medical to energy, food and beverage to sustainability and SDG goals. By leveraging the force of trustless data, VeChain is building the digital backbone that will support the fourth industrial upheaval, which demands real-time and trustless data sharing between many participants.

VeChain Past Price Analysis

According to the latest data gathered, the current price of VeChain is $0.082 and VET is right now ranked # in the whole crypto environment. The circulation supply of VeChain is 64,315,576,989 with a marketcap of $5,249,190,474.

With an increase in its trading volume and market cap, the VeChain’s price has shown a good increase of 4.08% in the last 24 hours.
VeChain is facing a hard time jumping aboard with other crypto coins. The VET is down to almost – 0.58% in the last 7 days. The coin is as yet showing risking framing sections for past couple of days, the coin may have solid fundamentals in any case, we don’t imagine that it would a profitable asset in present moment.

VeChain Current Market Status

According to CoinGecko, the price of VET is $0.075 with a 24-hour trading volume of $302,766,724 at the hour of composing. In any case, VET has decreased nearly 4.8% in the last 24 hours.

Also, VET has a circulating stockpile of 66,760,741,299 VET. At present, VET trades in cryptographic money exchanges like Binance, FTX, Huobi Global, KuCoin, and HitBTC. You can also read about Algorand Price Prediction from here.

VET price analysis: Technical view

The VET coin started its excursion in August 2018, and achieved an all-time high of $0.2782 on 17 April 2021. Just seven days earlier, on 10 April 2021, VET had been trading at $0.1335.

Nonetheless, the price retreated to $0.1589 on 25 April, dropping to as low as $0.07553 on 23 May. This is somewhat of a sharp drop thinking about that the coin had hit its all-time high only 37 days earlier.

The VET price then, at that point, consolidated, trading inside the $0.06 to $0.09 range until 7 August 2021, when it moved to $0.1031, hitting $0.1556 on 6 September 2021. The rally was fleeting, and the pattern switched when the price dropped to $0.08642 on 29 September 2021.

VeChain Price Prediction

It’s at present (6 January) trading at around $0.083.

VET ranks 33rd in the list of digital currencies by market capitalisation at $5.31bn. There are more than 64.32bn VET coins in circulation from a total stock of 86bn, according to CoinMarketCap.

Technical analysis given by CoinCodex shows that momentary feeling on VET has turned bearish, with three indicators displaying bullish signals compared with 24 bearish.

VeChain Price Prediction 2022

According to VeChain price prediction 2022, the market appears to be optimistic, and it may reach the value of $0.13.The VeChain potential price will drift around $0.12 consistently. Our VeChain price predictions ought not be understood as investment advice. Financial backers are prescribed to carry their own research for VET price analysis, support level, and resistance level to limit the risk implied in such a volatile market.

VeChain Price Prediction 2023

In the year 2023, the price of the coin will be open at $0.49 and then, at that point, it will go down while reaching the year’s end. The price will drop up to $0.43 which is very intriguing as it won’t give an extremely heavy misfortune.