VeChain (VET) Price Will Hit $75 In 2023 According To VeChain (VET) Price Prediction

After the VeChain token swap was completed successfully last year, the VeChain news and VeChain Thor price prediction have been positive. Several VeChain Thor price predictions have emerged since then. In our last VeChain news, we said that the price of VeChain has been growing fast and the growth rate on the VeChain platform will soon become higher than the growth rate on the Bitcoin blockchain. In the VeChain news today, we are going to consider the latest VeChain Thor price prediction on CryptoNewz. This VeChain price prediction places the price of the VET coin three times higher than it is now by the end of the year. Will VeChain rise three-fold before the end of the year?

VeChain News Today – VeChain Thor Price Prediction – VeChain Token Swap Was Just The Beginning

According to the latest VeChain news, the VeChain platform is primed for mega success this year. The VeChain Thor price prediction will be influenced mainly by the partnerships. The VeChain blockchain was created to be applied to supply chain management across industries. Ever since the VeChain token swap, the blockchain has served this purpose effectively and sealed many VeChain partnerships. Those who use the VeChain blockchain trust it because it is tamper proof and it increases trust between the retailers and the consumers through asset digitization. It allows swift and efficient tracking throughout the supply chain.

Between last month and yesterday, the price of VeChain has increased by more than 48.61%. However, VeChain has been recording double digit loses since the start of the day. At the time of writing, the VeChain price was $0.006270. This shows that it is down by 13.16% against the USD and down by 8.97% against BTC. The trading volume over a 24 hour period is $18,403,834 and the market capitalization is $347,690,541.

VeChain (VET) Price Today – VET / USD

Name Price24H (%)
Bitcoin (BTC)
$10,617.00
6.57%
VeChain (VET)
$0.005705
2.66%

Keep in mind that the VET coin isn’t the only one that is currently trading in red against the USD. Almost every cryptocurrency on CoinMarketCap is trading in red including the flagship cryptocurrency, Bitcoin. Analysts have suggested that the bloody Thursday is part of a market-wide price correction. Bitcoin has lost a significant amount of its gains and is current trading at $5022. The good thing is that the support at $5000 is strong so a recovery is expected to happen soon.

VeChain News Today – The Future Price Of VeChain Thor

Even if the price of VeChain is currently red, it has managed to hold the support at $0.005357. This would prevent it from reaching lower lows. Even if the price of VeChain is down in the day, it is up in the past seven and 30 days. The growth rate is decent. Thanks to the VeChain partnerships that have already been activated, the blockchain has a long way to go. Two VeChain partnerships that will promote adoption are the partnership with BYD, and Haier but there are many more in the pipeline.

VeChain expert analysts believe that the price of VeChain will hit $0.02 before the end of 2019. Before the end of 2021, the VeChain price will hit $0.258 and by 2023, it should be around $0.612. Some others have predicted that the price of VeChain has what it takes to move as high as $75 by the end of 2023.

What do you think about the VeChain news and the VeChain Thor price prediction? Does VeChain have what or takes to increase significantly before the end of the year? Feel free to comment below.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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