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VeChain (VET) Price Prediction: Will VET Price Reach $0.05 By 2023?

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Cristian Cochintu
Cristian Cochintu
23 February 2023

VeChain (VET) dropped over 71% in 2022 but seems to recover in 2023. CAPEX looks at VeChain’s price predictions for 2023 and beyond.

VeChain is a blockchain platform that is designed for supply chain management and logistics. The platform uses smart contracts and RFID (radio-frequency identification) technology to track and manage products as they move through the supply chain, providing transparency and enabling businesses to improve efficiency and reduce costs. 

VET is the native cryptocurrency of the VeChain platform, and it can be used to pay for transactions and other services on the network.  

But what can we expect from VeChain in the future? What highs or lows may VET price hit in 2023? Will the VET price surge or plunge in 5 years?      

This article aims to address all the queries related to VeChain (VET) price prediction for 2023 and beyond, fundamentals, and technical updates.     

Summary of VeChain (VET) Forecast & Price Predictions  

  • VeChain (VET) price prediction today: the VET coin could face strong resistance at $0.063 as per charts and experts.  
  • VeChain price prediction 2023: while most experts forecast VeChain can rise as high as $0.45 during the year, others said crypto winter could extend into 2023 and push VET’s price as low as $0.015.  
  • VeChain price prediction 2025-2030: most analysts point out that VeChain might recover if more brand partnerships are created. If so, VET could reach more than $0.24 by 2030.    

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VeChain (VET) Overview     

Sunny Lu founded VeChain, a blockchain-based solution for supply chain and product management, in 2015. With his previous experience at Louis Vuitton China, Lu aimed to make the supply chain process flawless.  

VeChain offers a comprehensive solution for supply chain enhancement. It has brought major improvements to the product lifecycle management system. 

VeChain's roots can be traced back to Ethereum, but now it primarily focuses on payment networking, voting, smart contracts and more. With VeChain's innovative solutions, developers can offer features tailored to businesses. VeChain securely records and verifies all supply chain information. 

The VeChain Foundation was created to tackle the challenges faced by the logistics industry, particularly in regards to scattered and inconsistent data. Despite dealing with large amounts of data daily, there was a lack of a system to effectively communicate and organize it. This resulted in severe compartmentalization, causing most supply chain management to rely on centralized data sources, leading to less authentic and unclear data transmission. 

VeChain's VET is used to create digital versions of the real=life items and it increases accountability in supply chain management. VeChain's objective is to improve supply chain and product lifecycle management through the use of distributed ledger technology (DLT). The platform enables NFC and RFID-based surveillance and QR codes for supply management, tracking and monitoring data in supply logistics through its tags and sensors. 

This approach enhances rapid and accurate data management based on verified information, crucial for large and complex supply chains. VeChain keeps businesses informed with real-time updates and a streamlined proof-of-authority consensus through Know Your Customer-verified nodes. VeChain's massive network and efficient technology are essential to the success of the supply chain process.   

Related: How to Buy VeChain (VET)   

VeChain's price has dropped by over 71% during the 2022 bear market. 

The VeChain supply chain solution uses the VET and VeThor tokens. VET is primarily used for payments and voting, while VeThor (VTHO) is used to run smart contracts on the VeChain Thor blockchain. 

VeChain enables businesses to track a vast amount of data, such as quality, authenticity, storage temperature, and transportation status, through a trust-free and decentralized ecosystem. This reduces overhead and increases accountability. 

VeChain's success lies in its combination of decentralized finance (DeFi) and centralized finance (CeFi) solutions, leading to a transparent exchange of information, effective collaboration, and fast value transfers. 

VeChain can track asset ownership from its inception, reducing the occurrence of misselling, fraud, theft, and other issues. Despite current market sentiments, VeChain’s VET might have a bright future thanks to its strong foundation from renowned strategic partnerships. 

VeChain partnerships span a wide range of industries and are not limited to logistics. VeChain has formed strategic alliances with prominent companies. Some of its notable partners include: DNV GL for audit and certification services in the food and beverage industry; PwC for improved product verification and traceability; Kuehne & Nagel for smart parcel and asset tracking; BMW Group for blockchain storage of vehicle data; Groupe Renault for data privacy and protection; BIOS Middle East for encryption; Haier for blockchain and IoT technology; Shanghai Gas for tracking LNG delivery and quality; PlatformXChain for toy collectibles; H&M for supply chain data collection; Sarah Regensburger for traceable fashion production; and DB Schenker, Walmart China, Bayer China, LMV, and NTT for enterprise blockchain solutions. 

With 2023 already looking like another roller-coaster period for digital currencies, CAPEX looks at VETs price predictions from best-rated websites and experts.       

VeChain (VET) Forecast & Price Prediction 2023 and beyond      

VeChain is a leader in IoT and DLT technology. It was created to integrate IoT, which is a network of billions of smart devices. These devices, from TVs to cell phones, can exchange data online. The integration of IoT and blockchain technology works well together. Blockchain technology provides efficient and affordable tools for monitoring data in real-time. VeChain is a pioneer in combining these technologies for the best results. 

As more businesses start using a blockchain supply chain solution, there should be greater demand for VeChain (VET) tokens. This means that the demand for VET tokens could eventually be greater than the supply, driving up the price. 

Since its April 2021 all-time high (ATH) of $0.2782, VET has followed the general crypto market trends. In 2022, VET dropped to a minimum of $0.015 by December 2022. This represents a 94% price decrease from its ATH. As of January 2023, VET is trading at around $0.02437. 

However, most forecasters predict a slight change in the market sentiment and an upward trend in 2023. By the end of December 2023, we might see VeChain trading at around $0.025.  

VeChain (VET) Price Prediction 2023      

VeChain (VET) price prediction site Wallet investor offers the most pessimistic forecast and suggests that VET’s price will drop to an average price of $0.00175 by the end of December 2023.     

DigitalCoin is much more optimistic about its VeChain (VET) forecast. It predicts that the price of VET will be around $0.0488 by the end of 2023.      

The long-term forecast for VeChain from Price Prediction shows that the price will rise to an average price of $0.036 by the end of 2023.     

CryptoPredictions has set a price target for the VeChain at an average of $0.0269 for December 2023.    

According to Long Forecast, VeChain (VET) can reach a maximum of $0.016 by the end of 2023. They predict that VeChain’s price will continue to drop throughout the year.     

The average consensus price for 2023 is $0.02589 (+6.23%), which makes VeChain (VET) one of the best cryptocurrency to buy in 2023. Check also the top 5 cryptocurrencies to explode in 2023.       

It's important to remember that analysts’ forecasts can be incorrect when predicting VeChain prices. Analysts make projections based on a technical and fundamental analysis of the crypto's performance. However, past price performance does not guarantee future results.     

You should do your research and remember that trading decisions are influenced by your attitude towards risk, market knowledge, and your tolerance for losing money. When it comes to crypto, the consensus is not to invest more than you can afford to lose.           

VeChain (VET) Price Prediction TODAY – Buy now or wait for new lows?   

It is important to remember that cryptocurrency markets are extremely volatile, and it is difficult to predict the price of a coin or token in just a few hours. Long-term predictions can also be difficult. Analysts and algorithm-based forecasters are susceptible to making mistakes. 

VeChain (VET) is the native crypto of the Vechain blockchain solution for supply chain logistics and investors may use it to stake it or vote on governance issues.  

As of the beginning of 2023, VeChain is in an upward trend. During January 2023, the price of VET has risen more than 40%. If the growth continues, VeChain has the potential to become a more desirable digital asset. 

The VET price has declined since its all-time high of $0.2793 in April 2021. It was contained by a falling wedge, seen as bullish. In June 2022, it hit a low of $0.0200, then rebounded and rose again. After a lower low in Decmber 2022, it rose once more. 

VET broke out of the falling wedge in the second week of Jan 2023. The line's slope is unclear due to multiple upper wicks, but it seems to have broken out. 

Since the wedge lasted 370 days, a significant rise is likely if it has broken out. This is supported by the weekly RSI breaking out of its own descending line. If the rise continues, the next resistance is at 0.026 and 0.028. 0.043 is a 50% Fib retracement and a 2023 price target included in most of the VeChain price predictions. 

VeChain (VET) Price Prediction TODAY
While we can speculate about the potential price of Vechain (VET) over the next months and years, the truth is that VeChain still is a highly speculative investment. There is not much historical data to support these predictions. It is important to invest only what you are willing to lose and include some traditional investment instruments to build a strong portfolio.     

Your investments should be small, and you should not place crypto investments above other financial goals, such as saving for retirement or paying off high-interest debt.    

Related: How to invest in cryptocurrency     

VeChain (VET) Price Prediction 2025      

There are indications that the crypto market is entering a new era.      

Undoubtedly, VeChain's long-term price prediction could rise if technological advancements are made, and the token attracts more attention.      

According to the latest Vechain price predictions from all expert forecasters, the token could reach an average price of $0.051 (+114% from January 2023 value)  or more by the end of 2025. PricePrediction forecasts that the average price in 2025 could be $0.073. On the other hand, WalletInvestor predicts that the price of VeChain may drop to $0.00025 by the end of 2025.  

However, price predictions do not always reflect long-term earning potential. It is important to analyze the potential financial consequences of this investment to determine if it is a wise financial decision.     

Vechain Price Prediction 2030      

Are you expecting VeChain to rise in value? The same applies to VeChain (VET) price predictions as it does to weather forecasts. The further we go into the future, the harder it becomes to try to predict the price of VET. The world of 2030 may be quite different from what we see now. What does 2030 hold for VeChain (VET)?      

Most forecasters don’t offer price predictions so far off into the future. However, using the information from the few expert forecasters that offer such information, they suggest that the price of VeChain might rise in the future. 

By 2030, PricePrediction forecasts that the price of VET could reach around $0.48. According to a 2030 VET prediction from DigitalCoin, the trading price of VeChain could be $0.24. The average of these two VeChain price predictions is $0.36, representing a 1,400% price increase from its January 2023 value.   

Is It Possible to Forecast the Price of VeChain (VET)?      

Many crypto price predictions for VeChain are flawed because they lack the necessary analytical support. Investors will always be attracted to a high price point, especially one that is on an upward price trend. Someone holding a cryptocurrency priced at $0.01 could easily believe that it will rise to $10,000 just because it sounds good.      

The problem is that predictions can be made without any evidence or analysis. However, three types of analysis have been used in the financial world for a long time to try and forecast prices and the evolution of markets.      

  • Technical Analysis     
  • Fundamental Analysis     
  • Sentimental Analysis      

VeChain (VET) Forecast using fundamentals      

Investors in financial markets use fundamental analysis to study and evaluate the variables that impact an asset’s price.     

You can assess the intrinsic value of a cryptocurrency to determine if it is undervalued or overvalued. This can be achieved by analyzing qualitative factors like the state of the economy and cryptocurrency market conditions, as well as the management and market capitalization of crypto companies.     

Fundamental analysis can help traders determine the price of a cryptocurrency based on a wide range of information. This could be a great way to make long-term investment decisions.     

How to conduct a VeChain (VET) price prediction today using fundamentals? Fundamental analysis is when you examine the fundamentals of cryptocurrency projects, from their market capitalization to the utility and value of the native token.     

Do not confuse fundamental analysis and technical analysis. Fundamental analyses of cryptos are more qualitative and less tangible than statistical trends like price charts or historical market data.     

The fundamental analysis of cryptocurrency is like that of traditional financial markets with more traditional assets such as stocks. It is not as important to focus on a company’s historical financial performance, financial statements, or balance sheets.     

The following parameters can be used to help investors predict trends in crypto markets:     

  • Market capitalisation     
  • Total and circulating supply     
  • Token utility and use cases     
  • Community size     
  • The team behind the crypto project     
  • The crypto's trading volume     
  • Crypto exchanges listings     
  • Partnerships with trusted institutions     
  • The latest news about the coin     
  • Government rules and regulations     

It is important to remember that fundamental analysis can only give you an overview of cryptocurrency investments. You can better understand the project and the future changes in cryptocurrency prices by looking at all the information. To get a better picture, you can also refer to the company’s whitepaper.     

You can also examine blockchain metrics which provide crucial information about a cryptocurrency's technology and processes.     

VeChain (VET) Forecast using technical analysis     

Technical analysis uses historical price charts and market statistics to examine and anticipate price changes in the financial markets. It is founded on the concept that if a trader can recognize historical market trends, they may anticipate future price trajectories accurately.     

Whereas fundamental analysis focuses on an asset's 'real value,' considering both external and intrinsic elements, technical analysis is only based on an asset's price charts. To anticipate future movements, all that is required is the recognition of patterns on a chart.     

The ability to recognize price trend cues in a market is an important part of any trading strategy. All traders must devise a strategy for determining the optimal entry and exit points in a market, and using technical analysis tools is a popular technique for doing so.     

Technical analysis software is now so widely utilized that many people believe it has established self-fulfilling trading rules: As more traders use the same indicators to find support and resistance levels, more buyers and sellers will congregate around the same price points, repeating the patterns.     

In general, technical analysts look at the following broad types of indicators, formations, and theories:     



A horizontal channel, also known as a sideways trend, is characterized by a rectangle pattern with at least four contact points. To form this pattern, there must be two lows and two highs. This type of channel offers a clear and systematic approach to trading by identifying potential buy and sell points. The longer the horizontal channel, the more significant the exit movement is likely to be. Typically, the exit point occurs at the fourth contact point on one of the lines of the channel, and prices tend to stabilize after exiting the channel. 

As the above VeChain price chart shows, a channel breakout above 0.03 will be seen as bullish and signals a new uptrend.  

>> Visit CAPEX Academy to learn more     

VeChain (VET) Price Prediction Using Market Sentiments     

In finance, the term "sentiment" refers to a viewpoint or opinion about a market's condition. The sentiment of crypto market investors towards the asset is a description of their general emotions and attitudes. It reflects the collective psychology of all those involved in trading and developing cryptocurrency.     

How investors feel about cryptocurrency can have a tangible impact on market cycles and the price. It can have serious implications if enough traders act on the ideas, thoughts, and feelings they share, regardless of whether they are based on real-world data. This is evident in how tweets by Elon Musk have impacted Bitcoin's price (a bullish sentiment).     

For analyzing the sentiment of cryptocurrency markets, there are many statistics you can use. The following statistics provide vital information about the movement and trajectory of cryptocurrency assets: funding rates, sentiment indices, social media, community analysis, and whale monitoring.     

The funding rates are the monthly payments that traders receive based on price differences between the spot price of currencies and tokens and the price difference between cryptocurrency perpetual contracts. Positive funding rates indicate a bullish market.      

A sentiment index predicts whether investors will act fearfully or greedily. It can be affected by volatility, market momentum, and investor responses to surveys. A fearful market can be an opportunity to buy if it is managed correctly. Conversely, a greedy market means that it is a good moment to sell.   

Another crucial aspect for assessing sentiment in crypto markets is the community’s activity on social media, especially Twitter and Telegram. Investors would look for an active social network with meaningful interaction across platforms.     

Whale monitoring is the process of keeping an eye out for big crypto players. A cryptocurrency whale is an investor who holds large-value transactions on multiple blockchains is called. Whale watchers spot major market participants' trades and trade accordingly.     

VeChain (VET) Historical Prices 

VeChain (VET) Historical Prices

VeChain cryptocurrency VET began trading at $0.24 on August 22, 2017. The all-time low price was recorded on March 13, 2020, when VET was trading at $0.001678. The coin was trading for less than 2 cents for the first three years of its existence. 

In June 2020, the cryptocurrency broke the resistance at $0.0082 and its price rocketed to $0.022 by July 2020. The year ended at $0.0220. 

In December 2020, a significant pump was created for VET. The coin traded at $0.093 in March and $0.14 in April 2021, before reaching its highest point of $0.2782 in May 2021. 

Soon after that, the coin began a downtrend to $0.2 and $0.17.  The coin quickly pumped to $0.23 in May and then started a downward trend to $0.087 the following month. 

It reached its 3-month low of $0.059 on July, before rising to $0.15 in August 2021 and reaching a high of $0.16 in September 2021. The price plummeted to $0.084 in September 20,21. 

VET holders had a productive October 2021. The coin reached a high point of $0.14 in October, 2021, and then climbed to $0.18 in November 2021. The price fell to $0.078 on December 14th 2021 and closed the year at $0.085. 

In 2022, VeChain followed the general bear market and dropped to $0.015 by December 2022.  

As of January 2023, the VeChain (VET) token trades at around $0.023 and ranks as the 37th cryptocurrency (by market cap), according to CoinMarketCap.     

VeChain (VET) Price Prediction - FAQs:      

Is VeChain worth buying in 2023?      

It is uncertain at this time. VeChain has been following the general bear crypto sentiment in 2022 and might continue on this trend in 2023. However, most expert forecasters suggest that the price of VeChain might increase in 2023.  

Keep in mind that it's important to conduct thorough research before investing. Even well-established cryptocurrencies can be impacted by negative market trends, so investors should be prepared for potential losses and never invest more than they can afford to lose. 

How high can VeChain go in 2023?      

Most cryptocurrency forecasters have made slightly optimistic predictions for VeChain’s price in 2023. One of the most optimistic forecasts is $0.0488 by DigitalCoin.   

Will VeChain crash in 2023?      

According to most experts and prediction websites, VeChain (VET) has a low chance of crashing in 2023. While most expert forecasters are optimistic about the future price of VeChain, some are bearish.  

Does VeChain (VET) have a future?      

According to most expert forecasters, VeChain (VET) will have an upward trend over the next years. DigitalCoin predicts that VeChain may rise to over $0.10 by 2026.  

It's worth noting that price predictions are often inaccurate, and prices can fluctuate both positively and negatively. 

When considering investments in a volatile cryptocurrency market, it's crucial to conduct your own research on a specific coin or token to determine if it aligns with your investment strategy. Whether VeChain is a suitable investment for you will depend on factors such as your risk tolerance and the amount you plan to invest.  

What will VeChain be worth in 5 years?     

VeChain (VET) has a good chance to rise over the next five years if more brands and businesses use this supply chain blockchain solution. According to PricePrediction, VeChain (VET) could be worth $0.22 by 2028.    

What will VeChain (VET) be worth in 2025?      

According to the latest VeChain price predictions from all expert forecasters used in this article, the token could reach an average price of $0.051 (+114% from January 2023 value) or more by the end of 2025. PricePrediction forecasts that the average price in 2025 could be $0.073. On the other hand, WalletInvestor predicts that the price of VeChain may drop to $0.00025 by the end of 2025.  

What will VeChain be worth in 2030?      

Most forecasters don’t offer price predictions so far off into the future. However, using the information from the few expert forecasters that offer such information, they suggest that the price of VeChain might rise in the future. 

By 2030, PricePrediction forecasts that the price of VET could reach around $0.48. According to a 2030 VET prediction from DigitalCoin, the trading price of VeChain could be $0.24. The average of these two VeChain price predictions is $0.36, representing a 1,400% price increase from its January 2023 value.    






Cristian Cochintu
Cristian Cochintu

Cristian Cochintu writes about trading and investing for Cristian has more than 15 years of brokerage, freelance, and in-house experience writing for financial institutions and coaching financial writers.