Since the beginning of January, VeChain has risen nearly 50%, attracting bullish sentiment in the indices. After falling from its all-time high of $0.28 in April 2021, VET was unable to claw its way back to its previous glory. The cryptocurrency added an additional “zero” to the indices during the harsh and brutal bear market of 2022. Now, the market is in recovery mode and all eyes are on VET to reach the $1 milestone. In this article, we will highlight the VeChain price prediction and the possibility of VeChain reaching $1 in 2030.
The present rally has brought in a lot of expectations among the investor community for leading tokens to reach new highs. VET investors are now looking at the possibility of the token hitting $1. However, can VeChain climb above the $1 mark by the end of this decade? Let’s find out!
Price forecasting firm Changelly recently updated their prediction for VeChain in tune with the ongoing rally. The forecast suggests that VET could have a hard time scaling up in the indices and might not reach $1 by 2030.
According to the latest forecast from Changelly, VeChain could end the decade and trade at $0.56 in 2030. Therefore, the likelihood of VET reaching $1 by 2030 remains to be slim.
However, the new price estimation claims that VET may reach its $1 target post-2030. According to Changelly’s prediction, VeChain might reach $1 by the end of 2032. That’s 10 years and 10 months down the line from today.
At the time of writing, VeChain was trading at $0.0249, down 4.4% in the 24 hours. VET is also down 91.1% from its all-time high of $0.28, which it reached in April 2021.
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