VeChain (VET) is a smart contract blockchain platform that focuses mainly on business applications, namely supply chains (tracing, quality control, inventory, etc).
VeChain (VET) is one of the best blockchain platforms specifically for business and quality control, as its own blockchain implements a business process accounting and control mechanism to regulate the quality of various logistic processes.
The network was launched in 2018, and by that time VeChain had already become one of the most popular projects on the market.
The dev teams’ main goals were:
According to various studies and reports from leading blockchain experts, the implementation of the VeChain blockchain will save the logistics industry about $38-40 billion annually.
With a little help of its friends
According to the recent financial reports, the price of VET could reach $0.1 in 2023.
In addition to historical data, you should also pay attention to the opinion of experts regarding a particular cryptocurrency projects.
They may not often give an accurate forecast regarding the future course, but some of their opinions might have a serious impact on the entire cryptocurrency market.
One of the most influential voices in the cryptocurrency world have conducted their technical analysis on VeChain project.
What is their opinion on the VeChain? Will it do good, according to their reports?
Most of them think that VET cryptocurrency has a bright future as it tries to solve real world problems and even has a ready-made solution for many industries.
What will VeChain be worth in 2023?
The value of VET may reach $0.23 in 2023, according to our research.
Harry Davis, the man who seems to be having a lot of faith for VET.. Is it a good or bad thing? Tell us in the comments.
There are several other reputable sources that have made their predictions about the future of the project so far, based on factors such as ATH, team experience, technology advantages, etc.
One such source is freebiebitcoin.com, which regularly publishes cryptocurrency predictions.
They predict that the price of VeChain might potentially reach $0.5 in 2024!
Freebiebitcoin.com bases their prediction on the fact that this blockchain project is very flexible and has many applications.
However, they also believe that VeChain could be more volatile even with the overall market growth, as it has become less well-known in recent times when compared to the most popular cryptocurrencies, such as BTC or ETH, for example.
One of the most promising things about VeChain is its stable partnerships with many reputable organizations. This helps VeChain build and test their applications that can solve real world problems.
This is one of the most important reasons for the eventual success of cryptocurrency
VeChain has a lot of room for growth as well as a huge market to explore.
It is worth paying attention again to the fact that VeChain is one of the oldest projects in the field of blockchain development & various solutions behind practical implementations of crypto in the real world.
The VET cryptocurrency is supported by the “VeChain Foundation”, which is a non-profit entity responsible for network development and R&D.
VeChain plays an important role in developing partnerships with companies (we have already mentioned them earlier).
This approach can help the project achieve its goals more effectively.
And at a time when many cryptocurrencies (BTC, BNB, and others) are being criticized for promoting centralization, VeChain remains true to their principles by staying decentralized.
Cheers to that!