VeChain (VET) Price Prediction 2024, 2025, 2026, 2030, 2040: Will VET Hit $1?

In the list of cryptocurrencies offering efficient blockchain use cases, VeChain (VET) is an important one. Designed and developed in 2015 to streamline supply chain management and business processes, VeChain has been a vital altcoin in the eyes of investors.

Since the crypto market is returning on track, VeChain (VET) may soon experience significant price breakouts. Below is a detailed VeChain price prediction blog to prepare you for that scenario.

And in case you want to go one step ahead, to know - Will VeChain (VET) hit $1? And can VeChain (VET) reach $75?- this blog will answer these questions, too.

Quick VeChain (VET) Overview

VeChain is a blockchain platform that aims to improve supply chain management. It uses distributed ledger technology (DLT), where transactions and their details are stored in multiple systems simultaneously. Unlike traditional databases, DLT has no central data server or administrator.

Initially, the VeChain platform launched VEN as its native ERC-20 crypto and collected $20 million through crowdfunding. Later, in 2018, it introduced its own public blockchain, VeChainThor, and converted its VEN tokens to VET tokens in a 1:100 ratio (1 VEN =100 VET).

Currently, Vechain follows a dual-token economy with two tokens- VeChain (VET) and VeChainThor Energy token (VTHO). The former transfers value across the VeChain network and the latter acts as the "gas" token to power Smart contract transactions on VeChain. One has to hold VET tokens to generate VTHO tokens. Regarding the consensus protocol, Vechain uses the Proof of Authority (PoA) consensus, where the VET holders stake their identity to become the network validator and validate the network transactions. The VET holders who wish to become validators must disclose their identity to get a chance to validate transactions and earn rewards.

as of 23rd May 2024*

VeChain (VET) Price History

Substantial activity in the VeChain ecosystem started in 2018 when it rebranded as VeChainThor in February. By June, it started the conversion of its VEN tokens to VET in 1:100. This new VeChain (VET) token began trading in the crypto market in late 2018. It was the time when the grip of bears in the market was tight, resulting in severe market contractions. After undergoing a significant correction, the market wiped out most gains made by multiple cryptocurrencies in 2017. Consequently, VET prices also fell significantly in the last months of 2018. VET closed the year at nearly $0.004006.

The bearish sentiments continued in 2019, too. However, the VET token made short surges in the first two quarters. By the beginning of July 2019, the VET price was $0.00811, double the price at which it started the year. Then, the token started retracting in the third quarter and lost more than it gained in the first six months of 2019. Though it tried to make a recovery in the third quarter, it could not succeed due to a significant $6.5 million VET token theft caused by the hacking of the VeChain Foundation in December 2019. As a result, the VET token closed the year at $0.0056.

Then came the recovery year for the VET token. VET price experienced a good upward swing in the initial three months of 2020, followed by a steep pullback in March, taking its price down to $0.002462. The VET price rose again after fluctuating between the $0.002 and $0.003 range. This time, it broke the resistance of $0.0082 in June 2020. VET price further rocketed to drop one zero from its value and surged to $0.022 by July 2020. VET token ended 2020 at $0.0220.

2021 was the ultimate year of bulls. Right from the beginning of this year, the VET token price initiated an upward rally. By mid-February, the VET price reached $0.051, but it was only the beginning of a bigger stellar rally. The token price shot up in the following months, breaking all expectations and hitting new highs weekly. Consequently, it dropped another zero and hit an ATH of $0.27 in April. Immediately, the coin began a downward trend, lowering its price to $0.17. The volatility in tokens continued in the following months, too, when its price jumped to $0.23 and dropped back to a substantial low of $0.087. Throughout 2021, the VET token experienced three bullish rallies but still ended the year in a downward momentum at $0.09.

The bullish period for crypto also ended at the end of 2021. The bearish movement in the VET price strengthened in 2022. That's why VET token performance in 2022 kept worsening due to the multiple downfalls of significant crypto lenders, Token platforms (TerraLUNA), and CEX platforms. By the year's end, the VET price touched a record low of $0.01572.

Just like 2020, 2023 was also the correction year for the VET token. The VET price recovered 42% in 2023, ending at $0.03569.

Now that we've taken a stroll down memory lane of the VET token, let's turn the page and explore its future in the VET price prediction section.

VeChain (VET) Price Prediction 2024 (USD & INR)

VeChain (VET) price has fluctuated between $0.0281 and $0.038 since the beginning of 2024. The token booked a decent gain of 7.65% in the initial three weeks. Considering this crypto's current range-bound movement and decent growth, we can expect a solid breakout soon. VET price can experience bullish moments if the token breaks above the $0.039 resistance. It can go up to $0.043 and even $0.054 in the coming weeks. However, if the VET token fails to retain its $0.032 support level, it can drop to scary lower grounds between $0.0217 and $0.0107.

Another factor that can affect the VET price in 2024 this year is the new collaborations. VeChain is one of the few crypto platforms collaborating with top brands. Its top collaboration list includes BMW Group, H&M, Microsoft, Walmart China, Kuehne & Nagel China, UFC, and many others. If it succeeds in doing more such collaborations this year, a strong bullish rally can follow.

Let's not forget that 2024 is the year of Bitcoin halving. Those who understand crypto market cycles know that Bitcoin halvings are the most reliable initiators of bull runs for Bitcoin and most altcoins. As per the wealth optimization platform Macroaxis, the correlation between VeChain (VET) and Bitcoin (BTC) for the last three months is 0.87, meaning both are highly correlated. Thus, many crypto analysts believe Bitcoin halving can also positively affect the VeChain (VET) price this year.

Sunny Lu, the CEO of VeChain, also believes 2024 will be a big year for crypto as institutional investors are taking an interest in it through Spot Bitcoin ETFs.

As a token, VET is also highly undervalued. It is currently 89% down from its last ATH of $0.2782, showing a high potential for surges and recovery.

However, VeChain is struggling to maintain trust in itself. The latest VeChain news states that VeChain's Twitter account was hacked on 18 January 2024. The hackers posted fake tweets promising VeChain enthusiasts an airdrop with 2x returns if they transferred a significant amount to a wallet address. This incident immediately affected VET as its price dropped to 2.52%.

After analysing all these factors, our VeChain price prediction for 2024 is $0.0899 for the bullish case and $0.0456 for the bearish case, with $0.0682 being the average expected VeChain (VET) price for 2024.

The same Vechain Price prediction in INR is INR 7.40 (maximum), INR 3.79 (minimum) and INR 5.67 (average).

VeChain (VET) Price Prediction 2025 (USD & INR)

The best way to figure out VeChain price prediction for 2025 is by analyzing the historical data available. Since being launched as VET, the token has experienced only one bull run in 2021. Its performance in that bull run was very exceptional and unexpectedly high.

Since most altcoins have repeated their bull run patterns, we can expect VET price to also experience similar bullish momentum in the next bull run scheduled to come in 2025.

Historically, cryptocurrency bull runs have primarily come the year after the Bitcoin halving year. Thus, since 2024 is the year of Bitcoin halving, investors are confident that we will see a gigantic bull run in 2025. If that turns out to be accurate, we can expect the VeChain price prediction for the next bull run to be at least 400% up from the current price of this crypto.

Whether VET will hit $1 by 2025 depends on the crypto regulations and stance of the US SEC (Securities and Exchange Commission) on altcoins. If it declares that altcoins, including VeChain (VET), are not securities by the next bull run, VeChain's performance can amplify. However, whether the court will rule in favour of or against classifying Ethereum (ETH) and other altcoins as securities is unclear at the moment.

Regardless, our VeChain price prediction for the next bull run in 2025 is still positive because of the market's historical performance. We can expect VET to rise to $0.625 in the best scenario and $0.156 in the worst-case scenario. The average price of VET for 2025 could be $0.489.

The same VeChain price prediction in INR is INR 12.97 (minimum), INR 51.96 (maximum) and INR 40.66 (average).

VeChain (VET) Price Prediction 2026 (USD & INR)

2026 could be the correction year for VeChain (VET) after experiencing a bull run in 2025. This crypto's previous data indicates it can undergo a significant bearish phase once the bull run ends. However, this correction can be less severe if fewer or no black swan events occur in crypto.

Thus, our VeChain price prediction for 2026 in USD is $0.192 (maximum), $0.087 (minimum) and $0.121 (average).

This VeChain price prediction in INR is INR 16.1 (maximum), INR 8.5 (minimum) and INR 11.8 (average).

VeChain (VET) Price Prediction 2030 (USD & INR)

For those wanting to know when Vechain will hit the $1 mark, 2030 could be the answer. However, for that to happen, VeChainThor has to develop robust development plans and collaborations.

The latest whitepaper version of VeChain, Whitepaper 3.0, shows the platform's intent to focus on Web3, Environmental, Social, and Corporate governance (ESG), and Sustainable Development Goals (SDGs). It will work to make a user-driven and ethical Web 3 era for its users while tacking supply chain sustainability and emission reduction. If VeChain delivers what it promises by 2030, it can get a good reputation among competitors.

Taking these factors into account, our VeChain price prediction for 2030 is- $1.035 (maximum), $0.452 (minimum) and $0.893 (average).

This VeChain price prediction for 2030 in INR is - INR 86.3, INR 38.8 and INR 74.4.

VeChain (VET) Price Prediction 2040 (USD & INR)

Our VeChain (VET) price prediction 2040 goes between $2.034 and $1.880, with an average value of $1.92. The widespread adoption of web3, decentralized tech, blockchain, and supply chain are the key reasons behind it.

However, investors need to take this VET price prediction with a pinch of salt due to the highly volatile nature of the crypto market.

Converting the exact VeChain price prediction 2040 in INR, we can expect VET to range between INR 170.1 and INR 155.2, with the average price being INR 160.4.

Here is the combined VeChain (VET) price prediction for 2024, 2025, 2026, 2030, and 2040 in USD:

VET price prediction for 2024, 2025, 2026, 2030 and 2040 in INR is as follows:

FAQs

Can VeChain (VET) hit $75?

As per the VeChain (VET) price predictions we discussed, we can project a positive trajectory for the VET token future. However, the suggested figures remain conservative, ranging from $0.0456 to $2.034 for 2024 to 2040. These values do not align with the ambitious target of $75. The provided analyses point towards a gradual and steady growth for VeChain, but reaching $75 seems beyond the scope of the outlined predictions.

Will VeChain (VET) reach $1?

According to VeChain's (VET) historical performance, price movements, and correlations, the $1 mark seems achievable in the next 6-7 years. However, it is essential to remember that this is the best-case scenario for this altcoin, as it will achieve $1 value only if the market turns in favour of it and no significant black swan events follow.

If its competitor blockchain platforms get an edge over it in the next few years, hitting the $1 mark anytime soon may become implausible for the VET token.

What is the VeChain (VET) price prediction for 2024?

The VeChain (VET) price prediction for 2024 can be between $0.0456 and $0.089. The analysis considers factors such as the current range-bound movement, potential bullish breakouts, and the impact of new collaborations. If VET breaks above resistance at $0.039, it could reach $0.043 to $0.054 and even higher, but failure to retain support at $0.032 may lead to a drop. External influences, such as Bitcoin halving, are also taken into account.

Will VeChain (VET) hit $1000?

The likelihood of VeChain (VET) reaching $1000 is highly improbable based on current trends and historical data. Investors should consider the inherent volatility of the cryptocurrency market and the restrained trajectory followed by VeChain so far to have a realistic VET price projection rather than anticipating an ambitious target of $1000.

What is the Vechain price prediction for the next bull run?

The Vechain (VET) price prediction for the next bull run remains optimistic, with potential upsides. Historical data suggests that VET experienced exceptional performance during the 2021 bull market and can repeat the same trajectory in the next possible bull run of 2025.