VeChain Price Prediction 2020:Does VeChain has a future?

[Jennifer Joseph]

 

Today, Let's talk about a kind of project that has the capacity to bring huge profits in 2020. The VeChain Price Prediction (VET) couldn’t be more different ranging from a specific price, but before we begin with the analysis let’s know about the basics.

What is VeChain?

 

VeChain is known as a blockchain protocol which is formulated to develop supply chain administration and business processes. Its aim is to promote these processes and data flow for multiple supply chains through the idea of distributed ledger technology (DLT). 

 

Vechain was established by Sunny Lu (former CIO of Louis Vuitton China) in 2015.

Its headquarters is located in Shanghai which is partnered with the Chinese Government.

 

Dual-token economic model

Vechain uses a dual-token economic model, With VET and VTHO.

• VeChain Token (VET) represents a value on the network.

• VeChain Thor Token (VTHO), a gas-currency which is needed to send transactions or perform operations on the network.

 

VeChain Price Today

Looking at the VeChain Price today, we can notice that the cryptocurrency has performed successfully over the years.

VeChain price today is $0.011527 USD with a 24-hour trading volume of $116,680,593 USD. VeChain is down 0.07% in the last 24 hours.

 

VeChain Price Prediction 2020

VeChain prices will crash to around $0.000001 in one year as indicated by WI. As we respect this assumption, we believe that such price expectation is unusually bearish and it possibly won’t fall that much.

According to most predictions, VeChain is likely to spike before the end of the year 2020. The most analytical price prediction for VET within a year, crypto ground added their explanation of VeChain (VET) value forecast 2020, where they conveyed that VET may reach $2.00 by 2020.

VeChain Market Prediction

Let’s see the various predictions made by the experts.

• Wallet Investor: VeChain prices will crash to around $0.000001 in one year as indicated by WI.

• Trading Beasts: VeChain price is forecasted to reach $0.0064369 by the beginning of July 2020.

• Mega Crypto Price Prediction: VeChain may sit around $0.258 before the end of 2021 and $0.612 by 2023 year-end.

• Smartereum Price Prediction: VeChain prices could increase to $75 before the end of 2023.

• Crypto Ground Price Prediction: According to Crypto Ground, VeChain may reach $4.10 by 2020.

 

Recent Updates

According to the recent official news, this new improvement is based on flipping the control of the VeChain network back to its society by attributing a sizable voting weight and rights to the public. The agreement, which clears 60% of voting power to committed VET holders will allow the community to take part in governance changing and developmental conversations.