VeChain Price Prediction 2025: VET Likely to See Timid Gains Moving Forward
What's next for VeChain?
Key Takeaways
- VeChain (VET) is the native token of the VeChainThor Internet of Things blockchain.
- One of its smart contracts recorded two million daily transactions in mid-February.
- One VeChain price prediction says VET could reach $0.09 in 2025.
The Internet of Things platform and its VET coin have been performing well recently. On February 13, 2024, a smart contract on the network recorded two million daily transactions.
According to an April 12 post on the VeChain blog, the gloves UFC fighters wear will soon be tokenized, and their identity will be tracked on the VeChainThor network.
On Nov. 18, 2024, VET was worth about $0.03175.
Let’s examine our VeChain price predictions, made on Nov. 18, 2024. We will also examine VeChain’s price history and discuss what VeChain is and does.
VeChain Price Prediction
Let’s examine some of the VeChain price predictions CCN made on Nov. 18, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
| Minimum VET Price Prediction | Average VET Price Prediction | Maximum VET Price Prediction | |
|---|---|---|---|
| 2025 | $0.018 | $0.035 | $0.05 |
| 2026 | $0.03 | $0.065 | $0.09 |
| 2030 | $0.08 | $0.15 | $0.25 |
VeChain Price Prediction for 2025
VET will likely experience continued volatility in 2025 as it completes its current corrective ABC phase. While bullish momentum could push the price toward $0.05 at the 1.618 Fibonacci extension level, downside risks, such as a break below $0.0268, may cause a revisit to prior lows of $0.018, keeping the average price near $0.035.
VeChain Price Prediction for 2026
By 2026, VeChain’s price is expected to stabilize and align with broader market recovery trends. Increased adoption of blockchain technology and growing interest in enterprise applications could drive VET toward $0.09. However, support levels around $0.030 might still be tested if the market faces renewed macroeconomic or sector-specific headwinds.
VeChain Price Prediction for 2030
In 2030, VeChain could see significant growth driven by mainstream blockchain adoption and its expanding role in supply chain solutions. The price could reach as high as $0.25 with strong market and institutional support. A conservative estimate would place the average at $0.15, with a minimum of $0.08 accounting for unforeseen regulatory or market challenges.
VeChain Price Analysis
VET completed a five-wave structure, peaking at $0.055 on February 28, before entering a corrective phase within a descending channel.
The correction bottomed at $0.0188 on August 5, briefly dipping below the 0.786 Fibonacci retracement.
A horizontal range formed with resistance at $0.026 on August 22, followed by a breakout from the descending channel on Nov. 4. The price quickly surged, reclaiming the 0.5 Fibonacci retracement at $0.033, signaling bullish momentum and the potential start of a new impulsive wave.
Short-term VeChain Price Prediction
VET reached a high of $0.034 on November 18, completing a five-wave upward structure before pulling back, suggesting a possible corrective ABC phase. Wave A may retrace to the 0.382 Fibonacci level at $0.028, followed by a wave B bounce and wave C targeting the 0.618 Fibonacci level at $0.024.
Key levels to watch include the 1.618 Fibonacci extension at $0.0487, which is the next potential high. Support lies at $0.0329 (0.382 Fibonacci), $0.0268 (0.618 Fibonacci), and $0.0221 (0.786 Fibonacci). A drop below $0.0268 could signal a deeper correction, invalidating further upward momentum. The VeChain price prediction for the next 24 hours depends on where the first wave falls.
VeChain Average True Range (ATR): VET Volatility
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Nov. 18, 2024, VeChain’s ATR was 0.00264, suggesting average volatility.
VeChain Relative Strength Index (RSI): Is VET Overbought or Oversold?
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Nov. 18, 2024, the VeChain RSI was at 66, indicating a bullish sentiment.
Bitcoin Market Cap to TVL Ratio
The Total Value Locked (TVL) to market cap ratio (TVL ratio) measures the valuation of a decentralized finance (DeFi) project by comparing its market capitalization to the total value of assets locked in its smart contracts. This ratio shows the project’s utilization and links the platform’s health to locked asset value. A ratio above 1.0 indicates overvaluation because the market cap exceeds the value of assets used in the platform. A ratio below 1.0 indicates undervaluation because the market cap is lower than the value of locked assets.
On Nov. 18, 2024, the VeChain TVL ratio was 3,865, suggesting severe overvaluation.
CCN Strength Index
The CCN Strength Index combines an array of advanced market signals to quantify the strength of individual cryptocurrencies over a recent 30-day period.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
- 0 to 24: Assets exhibit significant weakness, showing signs of sustained downtrend behavior.
- 25 to 35: The price tends to move within stable bounds with minimal volatility.
- 36 to 49: Assets begin a stable uptrend but without strong surges.
- 50 to 59: Consistent growth with moderate price advances, building momentum.
- 60+: Sharp price movements and high demand indicate stronger volatility and trend shifts.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Nov. 18, 2024, VeChain scored 58.4 on the CCN Index, suggesting strong momentum.
VeChain Price Performance Comparisons
Best Days and Months to Buy VeChain
We looked at the VeChain price history and found the times when the price was at its lowest across certain days, months, quarters, and even weeks in the year, indicating the best times to buy VET.
| Day of the Week | Friday |
| Week | 7 |
| Month | February |
| Quarter | First |
VeChain Price History
Following that, let’s now take a look at some of the key dates in the VeChain price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a VeChain price prediction.
| Time period | VeChain price |
|---|---|
| Last week (Nov. 11 2024) | $0.02835 |
| Last month (Oct. 18, 2024) | $0.02333 |
| Three months ago (Aug. 18, 2024) | $0.0228 |
| One year ago (Nov. 18, 2023) | $0.02115 |
| Five years ago (Nov. 18, 2019) | $0.007721 |
| Launch price (August 4, 2018) | $0.01522 |
| All-time high (April 17, 2021) | $0.2782 |
| All-time low (March 13, 2020) | $0.001678 |
VeChain Market Cap
Market capitalization, or market cap, is the sum of the total number of VETs in circulation multiplied by their price.
On Nov. 18, 2024, VeChain’s market cap was $2.57 billion, making it the 35th-largest crypto by that metric.
Who Owns the Most VeChain (VET)?
On Nov 18, 2024, one wallet held nearly 10% of the VeChain supply.
Richest VET Wallet Addresses
As of Nov. 18, 2024, the five wallets with the most VeChain were:
- 0xd0d9cd5aa98efcaeee2e065ddb8538fa977bc8eb. This wallet held 7,977,822,090 VET, or 9.20% of the supply.
- 0x1263c741069eda8056534661256079d485e111eb. This wallet held 7,621,750,871 VET, or 8.79% of the supply.
- 0x832fbebb667acc410b434ecfebcbb841cb7c864c. This wallet held 5,437,060,982 VET, or 6.27% of the supply.
- 0x9f0a53db6dc336f0b50ac35254433869a16d15a0. This wallet held 4,447,692,491 VET, or 5.13% of the supply.
- 0x34ea4138580435b5a521e460035edb19df1938c1. This wallet held 3,001,215,118 VET, or 3.46% of the supply.
VeChain Supply and Distribution
| Supply and distribution | Figures |
|---|---|
| Maximum Supply | 86,712,634,466 |
| Circulating supply (as of Nov. 18, 2024) | 80,985,041,177 (93.4% of maximum supply) |
| Holder distribution | Top 10 holders owned 41.43% of supply on Nov. 18 2024 |
From the VeChain Whitepaper
In its technical documentation or whitepaper, VeChain says it aims to make the blockchain more sustainable. It says: “Anyone who wants to change the world for the better knows humanity’s greatest challenges will only be overcome by a collective global movement.
“We all must work together in ways previously unimagined to successfully combat climate change, address threats to the environment, bring equity to our societies and ensure companies act in the best interests of all stakeholders.
“Taking on our world’s greatest sustainability challenges requires collaborative action. And so, our aspiration is clear: We seek to multiply individual impact to unleash our collective potential for sustainability.”
VeChain (VET) Explained
The VeChainThor blockchain is designed to allow people and companies to use decentralized applications (DApps) to deliver better services and gain an understanding of their own products.
It aims to speed up data transfers across the blockchain, thus helping DApps operate better.
Former Louis Vuitton CIO Sunny Liu and accountant Jay Zhang set up VeChainThor in 2016.
VeChain has a number of notable corporate clients. These include
- BMW, who use a Dapp to deal with odometer fraud.
- WalMart, who use a Dapp to find out where their food comes from.
- LVMH, who use a Dapp to track their leather goods.
VeChainThor is linked to the Internet of Things (IoT), which means it works with things that are connected to the Internet but are not computers.
The VeChain (VET) crypto coin helps power the VeChainThor network.
Let’s examine our Axelar price predictions, made on July 12, 2024. We will also examine the Axelar price history and discuss what Axelar is and does.
How VeChain Works
VeChainThor uses a type of consensus mechanism called Proof-of-Authority (PoA) to verify transactions and add blocks to the blockchain. PoA needs three things
- Formal identification of on-chain users.
- Eligibility is based on certain criteria, such as a good reputation or being linked to a particular organization.
- Total conformity to the procedures and rules of the blockchain
The VET coin itself stores and transfers value in terms of smart contracts – computer programs that automatically execute once certain conditions are met.
Holders can vote on proposed network changes. People can also buy, sell, and trade VET on crypto exchanges.
VeChainThor also has another token, VeChainThor Energy (VTHO), which pays for transactions on the network.
Is VeChain a Good Investment?
It is difficult to tell. VeChain has been performing relatively well recently, but we don’t know what will happen next.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in VET.
Will VeChain go up or down?
No one can really tell right now. While the VeChain crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Should I invest in VeChain?
Before you decide whether or not to invest in VeChain, you will have to do your own research, not only on VET, but on other similar coins and tokens such as IOTA (MIOTA) and MXC. Either way, you will also need to ensure you never invest more money than you can afford to lose.
FAQs
Will VeChain reach $0.10?
According to price predictions based on technical analysis, it may reach that level in 2029.
Keep in mind that VET has not traded above $0.10 since December 2021.
What is VeChain used for?
VET crypto holders can vote on changes to the VeChainThor blockchain. People can also buy, sell, and trade the coin on exchanges.
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