VeChain Price Prediction
(VETUSD)$0.027$0.0261 (5.46%)Market Stats and Forecasts
VeChain Description
VeChain (VET) is a cryptocurrency project focused on enterprise solutions, particularly in supply chain management. It offers a secure and transparent platform for businesses to track the movement of goods, ensuring authenticity and efficiency. VET is one of two native tokens on the VeChainThor blockchain. VechainThor is an energy-efficient, sustainable network that utilizes a Proof-of-Authority (PoA) consensus mechanism. Unlike Proof-of-Work (PoW) used by Bitcoin, PoA requires less computing power, reducing its environmental impact. Unlike many cryptocurrencies focused on decentralized finance (DeFi), VeChain prioritizes enterprise solutions.
This targeted approach positions it differently within the crypto market. VeChain runs on an energy-efficient PoA mechanism. Recently, VET has focused on connecting with other blockchains. This allows data exchange and collaboration between blockchain ecosystems. The potential of VeChain is broader than simple tracking. Now, it can provide real-time data using the Internet of Things(IoT).
The innovative approach of VeChain makes it one of the leading supply chain solutions. Many firms and investment funds want to invest in Vechain. This is good support for the future development of this token. The active VeChain community is a big plus point for the project. By engaging with the community, you can contribute and get information regarding plans and the growth of the Vechain ecosystem. .
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of VeChain, Our analysis, guided by the machine learning experts, yields forecasts for VeChain price trajectory up to 2024. With a comprehensive understanding of VeChain historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 5 and an error value of 0.78%.
For the year 2024, our analysis indicates a projected yearly low of $0.0231, with the high anticipated to reach $0.0366. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-07-01 | 0.0252 | 0.0261 | 0.0271 | 2.15 |
| 2024-07-02 | 0.025 | 0.0258 | 0.0268 | 1.03 |
| 2024-07-03 | 0.0252 | 0.0258 | 0.0263 | 1.03 |
| 2024-07-04 | 0.0255 | 0.026 | 0.0268 | 2.14 |
| 2024-07-05 | 0.0255 | 0.0263 | 0.027 | 1.01 |
| 2024-07-06 | 0.0252 | 0.0258 | 0.0263 | 1.01 |
| 2024-07-07 | 0.025 | 0.0258 | 0.0265 | 1.01 |
| 2024-07-08 | 0.0252 | 0.026 | 0.027 | 1.01 |
| 2024-07-09 | 0.025 | 0.0258 | 0.0265 | 1.01 |
| 2024-07-10 | 0.0258 | 0.0263 | 0.0268 | 3.24 |
| 2024-07-11 | 0.0261 | 0.0269 | 0.0277 | 5.51 |
| 2024-07-12 | 0.0266 | 0.0275 | 0.0283 | 6.67 |
| 2024-07-13 | 0.0269 | 0.0278 | 0.0286 | 9.02 |
| 2024-07-14 | 0.0275 | 0.0284 | 0.0295 | 10.21 |
| 2024-07-15 | 0.0278 | 0.0287 | 0.0296 | 11.43 |
| 2024-07-16 | 0.0284 | 0.029 | 0.0296 | 12.65 |
| 2024-07-17 | 0.0282 | 0.0294 | 0.0305 | 13.89 |
| 2024-07-18 | 0.0287 | 0.0293 | 0.0299 | 13.89 |
| 2024-07-19 | 0.0294 | 0.03 | 0.0306 | 16.40 |
| 2024-07-20 | 0.0294 | 0.0304 | 0.0316 | 18.96 |
| 2024-07-21 | 0.03 | 0.0307 | 0.0313 | 20.27 |
| 2024-07-22 | 0.0304 | 0.031 | 0.0319 | 20.27 |
| 2024-07-23 | 0.0304 | 0.031 | 0.0316 | 20.27 |
| 2024-07-24 | 0.0304 | 0.0317 | 0.0329 | 22.91 |
| 2024-07-25 | 0.0307 | 0.0317 | 0.033 | 24.27 |
VeChain Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,VeChain is forecasted to achieve its peak value in 2025 at approximately $0.0578, while potentially dipping to a low of $0.0277. The average trading value during this period is projected to hover around $0.0503.VeChain Price Prediction 2026
In 2026, VeChain is anticipated to potentially reach its peak value of $0.0878, with a possible lower value of $0.044. The average trading value for this period is estimated to be approximately $0.0766.VeChain Price Prediction 2027
As we look ahead to 2027, the trajectory of the VeChain coin may offer investors unexpected turns. Projections suggest peaks hitting $0.134 and lows stabilizing around $0.0701, with an average trading value resting near $0.118.VeChain Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the VeChain coin. Projections point towards a maximum value of $0.232, a minimum of $0.109, and an average value of approximately $0.213.VeChain Price Prediction 2029
Our market analysis indicates optimistic prospects for the VeChain crypto in 2029, with projected peaks at $0.344 and floors at $0.193. Moreover, the average trading value of this coin is anticipated to hover around $0.313.VeChain Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the VeChain token. Projections indicate highs near $0.528, potential lows around $0.279, with an average value of about $0.473.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $0.0273 by the Jul 01, 2024. The Relative Strength Index (RSI) stands at 0.6493, indicating a Fall market stance. Overall, while the long-term forecast is Buy.
About vet
VeChain Price Prediction FAQ
Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Buy
The VeChain is predicted to surge by 1.58% to $0.0258 by Jul 09, 2024, though current indicators show a Bullish sentiment with 14 out of 30(47%) green days and a notable -21.39% price volatility over the past month.