Vechain price tanks 4% intraday on Wednesday as altcoins take a turn for the worse.

VET bulls are betting on crucial support to come in and halt the bear push.

Should price action break below, a 27% bear market could be activated.

Vechain (VET) price action has bulls hanging in the ropes as the altcoin is very near to falling into bear market territory. The continuous sell offs occur as cryptocurrencies see more negative setbacks from the Silvergate Capital debacle and proves to be a big challenge for investors. Faith in altcoins is broken again, with a decline to $0.017 at risk.

Vechain bulls are getting a cold shower as bear market fears loom

Vechain price is tanking yet again after bulls already had to give up on the green ascending trend line and the 55-day Simple Moving Average (SMA). With already two strikes, the third one could be the final straw that ends the game for bulls. Just like in baseball, bulls could get a third strike and enter a bear market.

VET sees bulls trying a hail mary as only the 200-day SMA and the monthly S1 support level are gearing up near $0.022 as the last line of defense. With bearish pressures mounting, bulls need to get out once that level breaks down. The most accurate projection from the chart is that price action in VET can tank as much as 27% towards $0.017.

A bounce to the upside would make sense here, seeing that the Relative Strenght Index (RSI) is again nearly oversold. Some upside moves could be seen hitting $0.025, with this time the 55-day SMA as resistance on the top side. In that case, a nice gain of roughly 11% would be at hand for bulls to feast on.

#vechain #buildtogether #Binance #bitcoin #crypto2023

VeChain (VET) has emerged as a promising cryptocurrency with real-world applications. As of April 2023, VET is trading at around $0.15. Many investors and traders are wondering if VET's price target of $1 is achievable in the years 2023 to 2025. In this article, we will explore the factors that could influence the price of VET and provide an analysis of whether the $1 price point is possible.

First, it's important to understand the factors that influence the price of a cryptocurrency. Like any other asset, the price of a cryptocurrency is determined by supply and demand. If more people want to buy a cryptocurrency than there are sellers, the price will go up, and if more people want to sell than there are buyers, the price will go down. Other factors that can influence the price of a cryptocurrency include adoption, media coverage, government regulation, and technological advancements.

One of the biggest drivers of the price of VET is adoption. VeChain has developed a blockchain platform that is specifically designed for supply chain management and product verification. The platform is being used by several major companies, including BMW, Walmart China, and H&M. If more companies adopt VeChain's platform, there is a higher demand for VET to be used for transactions, which could result in a higher price. Additionally, as more people become aware of VeChain and its potential applications, there is a higher likelihood of them investing in the cryptocurrency.

Another factor that could influence the price of VET is media coverage. Positive media coverage can help to increase demand for VET, which could result in a higher price. On the other hand, negative media coverage could have the opposite effect and cause the price to drop.

Government regulation is also a factor that could influence the price of VET. While VeChain is focused on enterprise solutions and is therefore less susceptible to government intervention, regulatory changes could still impact the cryptocurrency market as a whole. If governments around the world begin to crack down on cryptocurrency trading or place restrictions on the use of cryptocurrencies, this could lead to a decrease in demand for VET and a subsequent drop in price.

Finally, technological advancements could play a role in the price of VET. As VeChain continues to improve its platform and introduce new features, it could attract more users and increase demand for VET. For example, the recent introduction of VeChainThor V1.5 and the upcoming launch of VeChainThor V2 could lead to increased adoption and demand for VET.

So, could VET's price target of $1 be achievable in the years 2023 to 2025? While it's impossible to predict the future with certainty, there are several factors that suggest that it's possible. If VeChain continues to expand its platform and attract new users and companies, this could lead to a higher demand for VET and a subsequent increase in price. Additionally, if the cryptocurrency market as a whole continues to grow and mature, this could also have a positive impact on the price of VET.

Of course, there are also factors that could prevent the price of VET from reaching the $1 mark. Government regulation, negative media coverage, and technological setbacks could all have a negative impact on the price of VET. It's important to remember that investing in cryptocurrencies is inherently risky, and there is no guarantee of a return on investment.

In conclusion, while there are several factors that could influence the price of VET, it's important to approach investing in cryptocurrencies with caution and to do your own research before making any investment decisions. While the $1 price point for VET may seem like an attractive goal, it's important to keep in mind that the cryptocurrency market is highly volatile and unpredictable.

#vet #vechain #priceanalysis #crypto2023 #dyor

Exploring the Rapid Rise of VeChain (VET) and VeThor (VTHO) on Twitter – Uncovering the Factors Behind a 100% Gain in a Single Day
Cryptocurrency markets are known for their volatility, and VeChain (VET) and VeThor (VTHO) recently took center stage with an astonishing 100% gain in a single day. This surge not only caught the attention of traders but also sparked a significant buzz on social media platforms, particularly Twitter. In this exploration, we unravel the various elements contributing to this rapid rise and delve into the intricacies of the VeChain ecosystem.
1. Twitter Buzz and Social Media Surge:
- VeChain and VeThor become trending topics on Twitter.
- A surge in social media mentions triggers curiosity among crypto enthusiasts, indicating heightened interest in the VeChain ecosystem.
2. Behind the VeChain Project:
- A comprehensive overview of VeChain's blockchain technology, emphasizing its role in supply chain management.
- Examination of technical aspects, including the consensus mechanism and scalability, providing a foundation for understanding the project's robustness.
3. Utility of VeThor (VTHO):
- Exploration of VeThor (VTHO) as the native gas token on the VeChainThor blockchain.
- Technical insights into its function and importance within the VeChain ecosystem, shedding light on its contribution to the project's overall utility.
4. Recent Developments and Partnerships:
- Highlighting key partnerships that may have contributed to the sudden surge, underlining the importance of collaboration in the blockchain industry.
- Analyzing recent technical advancements and updates in the VeChain protocol, providing context for the market's positive reaction.
5. Market Dynamics and Trading Patterns:
- In-depth analysis of technical indicators and patterns leading to the extraordinary 100% gain.
- Identification of trading volumes, liquidity, and key technical levels that played a crucial role in the price movement.
6. Community Speculations:
- Delving into the speculations and discussions within the crypto community on platforms like Twitter.
- Assessing how community sentiment influenced the price movement and contributed to the overall market dynamics.
7. Influence of Market Trends:
- Examination of broader market trends and their impact on VeChain's surge.
- Evaluation of how overall market sentiment played a role in individual coin performance, providing a holistic perspective.
8. Fundamental Analysis:
- Conducting a fundamental analysis of VeChain, including insights into its financial health and tokenomics.
- Examination of the team, key partnerships, and the project's long-term viability, offering a comprehensive view of its fundamental strength.
9. VeChain's Recent Surge and Market Activity:
- VeChain (VET) witnesses an impressive 35% surge in the last 24 hours.
- The token becomes the highest gainer among the top 100 cryptocurrencies, accompanied by a remarkable 473% surge in trading volume.
10. Market Predictions and Analyst Insights:
- Analyst Ali predicts a potential bullish momentum for VeChain, anticipating a move to $0.054 in the short term.
- Positive market sentiment, combined with the activation of Account Abstraction (AA), adds to the optimistic outlook.
11. Conclusion:
- Summarization of the technical and fundamental factors contributing to the rapid rise of VeChain and VeThor.
- An encouragement for readers to consider both aspects and conduct thorough research (DYOR) before making any investment decisions.
Note: Cryptocurrency investments involve risks. Readers are encouraged to conduct their own research (DYOR) before making investment decisions.
#vechain #Write2Earn #TrendingTopic #VTHO/USDT $VET
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Embark on a journey into the world of VeChain (VET), a cutting-edge blockchain platform revolutionizing supply chain management. Utilizing distributed ledger technology, VeChain not only streamlines commercial logistics but also introduces unprecedented transparency and efficiency in tracking products from inception to delivery. Dive into the heart of this technological marvel, where every data point is immutable and secure, and explore the exciting possibilities of VET coin’s future, including expert VeChain price prediction, in our latest captivating article.

VeChain (VET) Overview
In its essence, VeChain is a smart contract blockchain offering software solutions for businesses. It is best known for its enterprise supply chain product that traces shipped goods. This gives VeChain real-world uses across a variety of industries, including the food and beverage, fashion, and automotive sectors. Using the smart contract features of VeChain, users can track ownership and control of any number of goods.

VeChain started out as a crypto token built on the Ethereum blockchain. The project raised funds in an initial coin offering (ICO) in 2017. In February 2018, VeChain rebranded as VeChainThor (VET), its own blockchain. In June 2018, VEN ERC-20 tokens were exchanged 1:100 for VET tokens, and the VeChainThor blockchain network officially began operation.
VeChain Features
VeChain blockchain offers a number of features that can be extremely useful for the crypto industry:
Insights. Provides better insight into the processes that go inside the supply chain.Higher priority for token holders. Provides higher priority to the token holder in the blockchain network. Mobile Wallet. It has an in-built mobile wallet that you can use for the transaction.Use cases for tracking goods and data. Businesses that require a verified chain of ownership through production, shipping, or other processes could use VeChain for that purpose.
VeChain (VET) Crypto Price Chart

VeChain Price History Highlights
2017: Vechain (VET) has been in the market since 19 Jul 2017. It was first traded in the cryptocurrency exchange on 22 Aug 2017 at price of $0.24.
2018-2019: During this period, VeChain was relatively unknown and its price never reached any significant all-time highs. VET was a relatively quiet coin between its launch and late December 2020.
2020: VeChain’s lowest price was recorded on March 13, 2020 when it was trading at its all-time low of $0.001678. 
2021: VeChain reached its highest price on April 17, 2021 when it was trading at its all-time high of $0.2782. However, it lost over 80% in the following months, dipping to $0.058 in July 2021. 
2022: As of October 17, 2022, VET was trading at $0.0230, down more than 90% from the token’s all-time high.
2023: In 2023, VeChain was trading at its lows together with the vast majority of the crypto market during the crypto winter. Nonetheless, its price started to increase in December:

VeChain Price Prediction

VeChain Price Prediction 2024
DigitalCoinPrice experts expect VET to go higher in price in 2024. According to their estimations, in 2024 VET’s price might go as low as $0.0791 (+110%), while its maximum price can reach $0.0956 (+154%).
PricePrediction crypto analysts are of the opinion that in 2024 the average trading price levels of VET crypto will fluctuate. Its minimum low can reach $0.0512 (+36%), while at its maximum VET crypto will rise to $0.0604 (+60%).
WalletInvestor crypto experts think that VET won’t considerably rise in price in 2024: they believe that in December 2024, it might drop below its current price to $0.0307 (-18%), while at its peak it can go as high as $0.0881 (+134%).
VeChain Price Prediction 2025
According to DigitalCoinPrice, VET will continue rising in price. Based on the experts’ forecasts, in 2025, VET might skyrocket to $0.13 (+245%) per coin at its highest point. Its minimum price might go as low as $0.11 (+192%).
Based on the experts’ forecasts at PricePrediction, in 2025, VET crypto will start out with $0.0746 (+98%) as its lowest price and rise to $0.0883 (+134%).
WalletInvestor gives an even more negative price range for VET in 2025: their experts predict that it might be as low as $0.00167 (-95%), while at its peak it can reach $0.0848 (+125%).
VeChain Price Prediction 2030
DigitalCoinPrice crypto analysts think that by 2030, VET coin will rise to new price levels: its minimum price level is expected to be around $0.25 (+564%), while its maximum price will go as high as $0.28 (+644%).
PricePrediction experts believe that by 2030, VET’s progress will be even more impressive: according to them, the crypto’s lowest price will hover around $0.4692 (+1,147%), while at its peak it might reach $0.5519 (+1,367%).
According to CoinMarketCap forecasts, VET has tremendous potential for long-term holders. This website believes that VET can go as high as $0.3644 (+869%) per coin. It can also drop in price to a minimum of $0.3122 (+730%) per coin.
VeChain (VET) Price Prediction 2040
According to CoinMarketCap forecasts, by 2040 VET will continue further rising in price. This website believes that the coin can go as high as $15.02 (+39,846%). It can also drop in price to a minimum of $12.49 (+33,118%) per coin.
VET USDT Price Technical Analysis

Now that we’ve seen possible price predictions for VET, let’s find out a bit more about the factors that can influence its price and position on the market.
Factors Affecting VET Coin Price
VeChain’s value is impacted by several variables. The majority of cryptocurrencies have a limited quantity. This implies that printing presses cannot be used by the government to incite inflation, or the devaluation of the currency. Prices can rise due to scarcity.
Newsmakers have a growing impact on VeChain’s value and other cryptocurrencies. Coins or tokens that receive endorsement from billionaire entrepreneurs on Twitter tend to appreciate in value. A growing number of celebrities are using social media to market NFTs and cryptocurrencies to their millions of fans. It is impossible to overestimate the impact of these endorsements on cryptocurrency values, especially VeChain.
 When assessing VET as an investment, keep the following considerations in mind:
Use cases and real applications.Development of digital assets.Long-term vision.Information and popularity.Adoption and partnerships.
Risks and Opportunities
Like all cryptocurrencies, VET is subject to governmental regulations. The VeChain price is influenced by fluctuations based on a number of factors, including government plans for digital currencies, mining limits, tax laws, and investment rules. The VET exchange rate may increase in response to government actions that support the creation and use of cryptocurrencies, while price decreases may result from restrictions or outright bans on them. People may start looking for cryptocurrency alternatives such as VeChain and other cryptocurrencies when faced with economic instability or catastrophes. Conversely, robust economic expansion may spur more investment in cryptocurrencies as people and businesses search for fresh avenues for financial gain. While VeChain can offer multiple opportunities, as any digital currency, it can be also associated with numerous risks.
FAQ on VeChain Price Prediction
How High Can VeChain Price Go?
 The VeChain bearish market price prediction for 2024 is $0.015. However, VeChain can go as high as $1 and more according to expert price forecasts.
Can VeChain Reach $1 Dollar?
At the current price, VeChain will have to rise over 40 times to reach $1. Therefore, VeChain can reach $1.
Can VET Token Reach $10?
To reach $10, VeChain will have to rise 400x. At a conservative 25% per annum, VeChain could reach $10 in 17 years, so, realistically, this won’t happen.
What Will VET Be Worth in 2025?
Based on the experts’ forecasts, in 2025, VET might skyrocket to $0.13.
What Will VeChain Be in 2030?
According to DigitalCoinPrice, in 2030 VET’s maximum price will go as high as $0.28.
What Is the Price Prediction for VET in 2050?
In 2050, experts think that VeChain’s highest trading price could be about $21.83. However, any number of things could affect the value of VeChain in the future, including changes to regulation, the rate of adoption by retail and institutional investors, and technological developments. Because unknown future events can affect the price, it is impossible to make a precise VeChain price prediction for 2050.
Conclusion
VeChain (VET) use cases are very practical, and it’s also true that as an enterprise solution for supply chains and business operations. This cryptocurrency has enormous disruptive potential, but investing in it can be dangerous because no organization may ever use the technology. It would involve retrofitting all systems with RFID tags supplied by VeChain, a significant investment into VeChain tech and development. For big businesses with lots of moving components, this is a significant danger. Additionally, even though VeChain is made to link and synchronize these systems, the labor, time, and effort costs might be too high to outweigh the long-term gains from higher efficiency. It yet remains to be seen what role VET crypto will play in the new digital economies.
$VET #vechain