VeChain (VET): How Risky is It Tuesday? (2024)

FAQs

Can vet hit $5? ›

Its analysts suggest VET could reach $5.15 in February 2040 and even surpass $10 by May 2040. According to data from CoinMarketCap, the digital asset is trading at around $0.04, achieving these targets would require a substantial increase – 12,500% to hit $5 and 25,000% to hit $10.

According to Changelly, VeChain (VET) won't breach the $1 mark till at least February 2032, about eight years from now. As for 2024, the platform anticipates the asset to hit a maximum price of $0.074, which it may attain in November. Reaching $0.074 from current levels would translate to a growth of about 60.8%.

When Will VeChain Reach New Projected Highs? Predicting prices is challenging enough, so there is no real way to predict when VeChain could reach new highs. However, if bullish momentum can keep up, new highs are possible in 2024 and 2025.

The highest it can get is probably $1 based on reliable VeChain price predictions. One of these predictions expects the crypto to trade at between $0.57 in January and $0.77 in December 2030.

VET's potential to hit $3 remains questionable, as it would require a massive 7,058% rally. However, the possibility cannot be completely ruled out. During the 2021 bull run, VeChain rallied 17,723% from a low of $0.00157 in March 2020 to its ATH of $0.27983 in April 2021.

Solana (SOL)

Its ability to support sophisticated decentralised applications (dApps) while maintaining scalability is a significant driver for its potential explosion in 2024. As developers and financial markets look for efficient blockchain solutions, Solana stands at the vanguard of possible bull market trends.

For those aspiring to achieve a $1 million portfolio with VeChain priced at $1 per coin, the calculation is straightforward: divide the desired target of $1,000,000 by the coin price of $1, resulting in the acquisition of 1,000,000 VET.

According to the analysts, VET's price would continue to skyrocket after reaching the $5.15 level and could eventually hit $10 by May 2040. Changelly noted that VeChain would have a minimum price of $10.66 by May 2040.

Should you buy VeChain? ›

VeChain appears to be a promising investment choice in the blockchain sector. Its innovative technology, partnerships, and real-world applications suggest significant potential for growth. However, investing in VeChain, like any cryptocurrency, comes with risks due to market volatility and regulatory uncertainty.

VeChain (VET) is considered a healthy investment as the price of a single token has increased over time. It is also beneficial for companies that use the VeChain blockchain, as it allows better monitoring of the supply chain. Investing in VeChain can be profitable in the long term.

The VeChain price prediction for 2030 is between $ 0.027226 on the lower end and $ 0.221255 on the high end. Based on our VET price prediction chart, the price of VeChain could gain 532.63% and reach $ 0.221255 if it reaches the upper price target.

VeChain is among the top-performing cryptocurrencies this month as it spiked nearly 75% in the last 30 days. VET delivered handsome profits to investors who took an entry position into the altcoin early this year.

Will the price of vet ever reach $10? While some of the biggest experts suggest that the price of VET is unlikely to reach $10 any time soon (at least not in this decade), others believe that the price of VET can even exceed $10.

VET price could have a maximum value of $0.0776 by the end of 2024. VeChain price with a potential surge could go as high as $0.300 by the end of 2030.

What is the all-time low for VeChain (VET)? The lowest price paid for VeChain (VET) is $0.001917, which was recorded on Mar 13, 2020 (about 4 years). Comparatively, the current price is 1,948.82% higher than the all-time low price.