VeChain Coin Price Prediction 2020
What is VeChain? VeChain is a technologically advanced blockchain for tracking supply chains, used mostly in China. How does it work? VeChain is oriented to the Internet of Things and can be programmed to suit the needs of any particular organization. For example, recently the Chinese government started to use it to verify vaccines, after the scandal with fake vaccines. With the general adoption of blockchain technologies by the Chinese Communist party, VeChain coin can surge in popularity pretty quickly.
Now they also have a lot of interesting stuff to offer in terms of partnerships: Jamie Thomson, a popular British writer, announced that one of his best-selling books will be published in the form of a blockchain gamebook called Arena of Death. It will be built on VeChain. That’s very good news for VeChain, and the overall outlook for the network is very positive, VeChain value is definitely going to increase in the future. But who could have made that kind of VeChain price prediction in 2019? Here we’re going to make VeChain future price prediction for the next few years.
VeChain Price Prediction for 2020
We still keep the positive outlook for the year 2020, because the market has been falling for two years straight, and sooner or later we’re gonna a bounce in altcoins capitalization. The current VeChain price according to VeChain price chart is $0.006928. It has fallen 73% from its all-time high. In 2020, with all these partnerships and a larger adoption, it can reach at least $0.018.
VeChain Price Prediction for 2021
In 2021, we don’t have to wait for anything significant, because it’s expected that we’re going to be in the middle of the huge crisis. It’s unknown how the crypto market will behave in such conditions, so the general prediction for VeChain token is rather moderate – we expect it to stay in $0.015 – $0.02 range.
VeChain Price Prediction for 2025
VeChain has very huge growth potential. Taking into consideration all this interest from Chinese officials, if the current experiments with the supply chains will be successful, we’ll see it being used more and more. You don’t have to look at VeChain price predictions today if you’re interested in what happens in the next few years. The only thing that matters is growth potential. How much will it grow by 2025? It’s pretty logical to assume that it can easily increase tenfold, and reach the price of $0.1 – $0.2 per token.
Conclusion
No doubt, VeChain is a great network, and it will stay around for a very long time. Keep in mind, that VeChain tokens can’t be mined, there’s no such thing as VeChain mining. The network has a limited supply of tokens, and all of them are already issued. The demand for VET tokens is certainly going to increase in the next years because its adoption can greatly enhance supply chain management for any company. Is it an appropriate time to buy VeChain tokens? We don’t know, but the VeChain price in USD, according to VeChain Reddit, is almost at its lowest point. If you don’t know where to buy VeChain tokens, you can use our VeChain exchange. Also subscribe to our blog, if you want to read more about VeChain!
*This price prediction is based on the data collected from various sources. The information presented in this article should not be considered as any sort of investing advice and the reader should do their own research before taking any actions.
