VeChain (VET) has managed an ascending trajectory despite the inconsistency in the crypto market. Amongst the virtual currencies in the token market that increased in value, VeChain (VET) remains outstanding. VeChain has added in price significantly related to other tokens. VeChain is in progress mode to create a blockchain-based platform that does not only restrict itself to the digital world but also can combine with the actual business ecosystems as well. This would guarantee that businesses would be able to control multiple functions with the support of this blockchain. If it can provide comprehensive integration of the blockchain-based platform with the real business world, it would be comfortable for the corporations to use the blockchain.
- 1 What is VeChain?
- 2 Market prediction for VeChain
- 3 BIOS and VeChain to offer blockchain-as-a-service in the Middle East
- 4 VeChain Price Analysis
- 5 VeChain price forecast for five years
- 6 Final Thoughts
What is VeChain?
VeChain is a blockchain enabled a program that is designed to improve supply chain management methods. By employing tamper-proof and shared ledger technology (DLT), VeChain provides retailers and customers with the ability to determine the authenticity and quality of stocks that are bought. From product source elements to servicing history, and spare part replacements, every single piece of data about the supply chain flow of a product can be recorded and verified to bring about a supply chain management ecosystem that is guarded for all participants.
Market prediction for VeChain
Cryptos are volatile and confused, and many factors can present to the growth or decline of their value. Keeping this in mind, there are still various crypto enthusiasts out there who spoke their mind out about what they believe about the VET price forecast. Let’s check out some of those:
#1 Wallet Investor
Walletinvestor is a popular website that makes technical analysis-based price forecasts for many cryptos. According to them, VeChain is assumed to go down to $0.000001 in one year. This price prophecy is very bearish pessimistic, and it may not fall that much.
#2 Trading Beasts
Trading Beasts also provided a very neutral prediction stating that VeChain may reach $0.01 by the conclusion of 2018. By 2019 end, it might be in within $0.01 to $0.02, which is a broad range, so this prediction is given neutrally, without a showcase of any idealism.
#3 Mega Crypto Price
Mega Crypto price foretells that VeChain might reach $0.169 by the close of 2018, $0.258 by the end of 2021 and $0.612 by the conclusion of 2023. (VeChain Forecast)
Smartereum is a site that frequently publishes crypto predictions. They believe that the value of VeChain could go up to $19.63 by the end of 2018 and may go as high as $75 by the end of 2023.
Cryptoground prophesies that VeChain might reach $0.71 by the end of 2018, $2.58 by the end of 2019. They even added their version of VeChain (VET) price prediction 2020, where they said that the VET might reach $4.10 by 2020.
BIOS and VeChain to offer blockchain-as-a-service in the Middle East
Blockchain platform VeChain and cloud provider BIOS have accepted to co-market and execute a framework of blockchain-as-a-service and blockchain-enabled cloud aids in the Middle East region. The partnership will intend at providing resolutions like the Internet of Things (IoT) to over 300 companies across energy, finance, retail, petrochemicals, and healthcare services in the Middle East region. It will also assist them with designing, migrating and maintaining their blockchain solutions.
VeChain Price Analysis
VeChain (VEN) has been formally re-branded to VeChain THOR (VET) this year itself and even declared that it would be partnering up with the global car company BMW. VeChain Thor enables businesses to trace their products throughout its whole supply chain cycle with the aid of the blockchain. This helps in the assurance of quality and authenticity of the assets. There are already many luxury goods shops, food/drug organizations and logistics companies that are utilizing this ecosystem. News broke this morning that the VeChain THOR team just sealed their most significant partnership to-date.VeChain THOR had declared a collaboration with Oxford University which will assist in the technical progress of the VeChain THOR platform. Even the South Korean crypto exchange, Coinnest, added VeChain THOR to its trading platform and is contributing direct fiat to VET pairing. These many collaborations and alliances led to the massive growth of this digital currency. By the conclusion of 2018, it is anticipated to reach $0.10551, which can be regarded as a hopeful prediction, considering the market’s current state.
VeChain price forecast for five years
Ever since the VeChain project openly launched, the team has been publishing partnership after partnership. Some notable organizations that VeChain has partnered with are PWC, DNV GL, and BMW, but these are just the most prominent international names from a long list. As indicated by VeChain’s highly diverse partnerships, the blockchain platform sets out to bring the benefits of decentralized applications and smart contracts to a considerable number of different industries. This shows its use cases increasing exponentially. By 2023, VeChain may reach $0.38939, which may move VET upwards in the ranking scale, can move upwards as per the coinmarketcap.
VeChain is in development mode to produce a blockchain-based platform that does not only restrict itself to the digital world but also can combine with the actual business ecosystems as well. This would assure that enterprises would be able to control multiple functions with the help of this blockchain. If it can provide complete integration of the blockchain-based platform with the real business world, it would be comfortable for the companies to use the blockchain.
Disclaimer: This feature should not be exercised as, and is not designed to provide, investment advice. Coinpriceprediction and its affiliates, employees, and writers give information about the coin with careful analysis. Please conduct your thorough study before funding in any crypto.