VeChain (VET) Price Has The Potential To Hit $9 If Current Growth Rate And Development Continues

VeChain has been getting a lot of attention these days. The VeChain blockchain has left the sidelines and has now become one of the most important cryptocurrencies in the space. VeChain news about partnerships and endorsements have influenced the VeChain Thor price prediction for this year and many years to come. The most recent of the VeChain partnerships that is still a hot topic in the cryptocurrency space is the partnership between VeChain and the producers of Game of Thrones in collaboration with Adidas and SBTG. This VeChain news, other VeChain partnerships and the general sentiment in the market have all contributed to making the VeChain Thor price prediction positive. However, a new VeChain Thor price prediction places the price of VeChain at $9.

VeChain Thor Price Prediction – VeChain News – VeChain Cryptocurrency News – Will VeChain Hit $9?

There are thousands of cryptocurrencies in the space and many of them have similar use cases. VeChain is one of the few exceptional blockchains because it is the first of its kind. VeChain is the first cryptocurrency to be produced specifically for supply chain management. In our previous VeChain price prediction, we noted that the price of VeChain VET would rise as the blockchain becomes more popular and it would eventually become one of the top ten blockchains in the world and be classified in the same league as Ethereum, the world’s foremost decentralised computer.

During the cryptocurrency winter, the price of the VET coin fell significantly against the USD just like the price of Bitcoin and other cryptocurrencies in the market. Investors lost millions of dollars in the industry at the time. Since the beginning of this year, the entire cryptocurrency market, including VeChain, has been recovering. Analysts have officially declared that the cryptocurrency winter is over. The price of VeChain is up within the month and within the last seven days.

VeChain (VET) Price Today – VET / USD

Name Price
bitcoin
Bitcoin
$10,066.09-2.91%
vechain
VeChain
$0.00496.01%

Many analysts have offered VeChain Thor price predictions. Some say it will hit $75, others say it will hit $10. However, considering the current growth rate of VeChain VET, it would not be a surprise if it moves as high as $1 by the end of the year. A VeChain Thor price prediction on U°Today suggests that the price of VeChain VET will hit $9 if two or more sustainable Bitcoin bull runs occur. The analyst also made it clear that the token has what it takes to move higher than this level and this should not be seen as a limit. At the same time, he advised traders to proceed with caution because of the ties between VeChain and the Chinese government.

VeChain News Today – VeChain Thor Price Prediction – Current Price Of VeChain VET

At the time of writing, the price of VET was $0.007314. This means that it is up by 1.06% against the USD and 1.06% against the price of BTC. The trading volume over a 24 hour period is $18,280,610 and the market capitalization is $405,586,607. Even if the gains appear small, it’s still impressive considering the fact that many other cryptocurrencies on CoinMarketCap, including Bitcoin, are currently red.

What do you think about the VeChain Thor price prediction? Will the price of VeChain hit $9 according to the VeChain cryptocurrency news? Kindly share your thoughts in the comment section.

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.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.