VeChain made an alluring offer to Terra LUNA developers after the destruction that left LUNA and UST clinging to life by a thread: a $30K award to move their Layer1 chains to VeChain. The article also calls VeChain a fast expanding enterprise-grade public blockchain with 100 percent uptime.
The award from the VeChain Foundation addresses many different subjects, such as “application development, tools & infrastructure, and blockchain-related research.” Each independent initiative is permitted up to $30K with a potential 50% bonus for the Economic X Node. The outcome of this social media ruse and whether it will pique investors’ interest in VeChain will be seen over the next several days.
Investors are curious to see where the network might go next, and the impending update has already raised bullishness surrounding VeChain and led to gains as soon as it was disclosed. The following critique of the “vulture-like offer to Terra” may in fact backfire: Since VeChain went above and beyond to get Terra developers to join the organisation, some users are starting to question whether the platform actually has a development structure.
VeChain’s price today is $0.023747, and its 24-hour trading volume is $81,304,429 dollars. In the previous day, VeChain has increased by 0.06%. With a live market capitalization of $1,721,905,880, the current CoinMarketCap ranking is number 32. It has a maximum supply of 86,712,634,466 VET coins and a circulating circulation of 72,511,146,418 VET coins.
After the carnage that left LUNA and UST hanging on for survival, VeChain made their enticing offer to Terra LUNA developers: a $30K grant to migrate their Layer1 chains to VeChain. Additionally, the post also describes VeChain as a rapidly growing enterprise-grade public blockchain with 100% uptime.
VeChain Foundation’s grant covers a wide range of topics that include ‘application development, tools & infrastructure, and blockchain-related research.’Each stand-alone project has an allowance of up to $30K with a possible 50% bonus for Economic X Node. We will see in the coming days the effect of this social media ploy, and whether it will increase investors’ interest in VeChain.
The incoming upgrade has already increased bullishness around VeChain and led to gains as soon as it was announced; investors are also keen to learn where the network might go from here. One criticism of the “vulture-like offer to Terra” could indeed boomerang: Some users are beginning to doubt whether the VeChain platform has a development structure as it went to extra lengths to encourage Terra developers to join the company.
Today’s VeChain price is $0.023747, with a 24-hour trading volume of $81,304,429. VeChain is up 0.06% in the last 24 hours. The current CoinMarketCap ranking is #32, with a live market cap of $1,721,905,880. It has a circulating supply of 72,511,146,418 VET coins and a max. supply of 86,712,634,466 VET coins
What is VeChain?
VeChain is a blockchain-based business that optimises logistical and supply-chain management procedures. Distributed ledger technology (DLT) is used by the blockchain to develop sophisticated, complex supply-chain solutions.
As a strong option for creating a decentralised architecture of data management applications and the Internet of Things, Sunny Lui launched VeChain and the VeChain Coin. The founder sought to address both economic problems and a supply-chain business that was rife with fraud.
Applications for Vechain are always expanding, and the project’s scope has expanded. The Vechain network has two separate tokens that have different functions. The VeChainThor Energy and the Vechain Token (VET) (VTHO).
The fuel or energy used to power smart contract transactions is called VTHO.
The native token (or virtual money) for network value transfers is called VET.
Ve Chain Growth
Vechain was established in July 2017 and has a Singaporean incorporation. The project is overseen by the VeChain Foundation. Vechain was originally just an idea for a project to track premium products and stop fakes back in 2015.
An Asian initiative called VeChain is expanding its IoT and supply chain-focused platform by creating the VeChain Thor blockchain. The platform’s major goal is to develop into an enterprise-driven blockchain ecosystem with a strong emphasis on smart contract services’ usability and governance.
The project now focuses on managing corporate information across many companies.
This data is essential for the supply-chain transparency, value and trust transfer, and product verification processes.
The following essential characteristics of the Vechain blockchain have a significant impact on the prediction of the Vechain price:
Vechain is an enterprise-based blockchain that delivers transparent information about businesses, goods, and services and mediates data through the Internet of Things (IoT).
By utilising smart devices on the Internet of Things, Vechain has a vision to pioneer the following generation of Initial Exchange Offerings (IEOs) and Initial Coin Offerings (ICOs).
The gas token VTHO and the native token VET are both available on the Vechain platform.
Vechain Predictions by Authority Sites
To forecast Vechain pricing, WalletInvestor use machine learning and AI algorithms. The VET historical data index receives a “A+” rating, and they claim it would be a “poor” long-term investment. The model predicts a drastic decrease of 91.42% in a year, to roughly $0.002024. Wallet Investor cautions investors not to accept the prognosis offered as the basis for their investment decisions and does not guarantee any benefit from their analysis because the drop is questionable. In the next two weeks, VET’s price will decline from $0.0235 to $0.0234, signalling a bearish trend. In 2026, VET will have a return on investment of -97.54%.
The website makes predictions about the price of Vechain based on linear and polynomial regressions on historical data. In August, the cost of VET will increase to $0.0345017. After that, it will rain for the next months. Vechain will cost $0.0327536 in December. Vechain will trade on average at $0.0320673 in January and $0.0355524 in December in 2023 and $0.0368085 in January and $0.0471143 in December in 2024, respectively. The average price of Vechain in 2025 will be $0.0478729 in January and $0.0548697 in December.
Digital Coin Price
This year, Vechain’s value has drastically decreased. The Vechain scenario has only gotten worse as a result of the bad market in cryptocurrencies. In August, Vechain will trade for $0.0336. The rest of the year will see it fluctuate between $0.0313 and $0.0352; from 2023 to 2031, Vechain will be on an upward trend. In 2025, Vechain will have an average price of $0.0473, a minimum price of $0.0408, and a maximum price of $0.0537. Vechain will have a $0.11 average price in 2030, a $0.10 minimum price, and a $0.11 maximum price.
Vechain Price Prediction 2022
The predicted price for VET in 2022 is $0.037. In this year’s weak market, Vechain has fallen by 60%; this month, Vechain signed a supply chain management agreement with UK company Supply@me. Vechain secured the spot from a private firm by committing $10M for the first transactions. Vechain is anticipated to rebound along with the cryptocurrency market.
Vechain Price Prediction 2023
VET is expected to cost $0.053 in 2023. The use of Vechain is beneficial to big businesses. As more businesses adopt blockchain technology, the list of its applications—which already include food safety, luxury products, alcohol, consumer goods, carbon footprint, and automotive—keeps expanding. Vechain will trade in a range from $0.051 at the lowest price to $0.063 at the highest.
Vechain Price Prediction 2024
VET is expected to cost $0.073 in 2024. The Vechain blockchain has seen action and is simple to deploy. For developers and businesses, it offers turnkey solutions that come with both hardware and software, ensuring speedy adoption. Vechain will trade in a range from $0.070 at the lowest price to $0.088 at the highest.
Vechain Price Prediction 2025
VET is expected to cost $0.1 in 2025. The Vechain network offers a partner network made up of companies and digital entrepreneurs who are dedicated to blockchain innovation and adoption, generating exponential value for everyone on the network. Vechain will trade between a $0.12 minimum and a $0.10 maximum price.
Vechain Price Prediction 2026
VET is expected to cost $0.15 in 2026. Vechain has large business partners who support its precise word usage examples. BMW, DIG, Bayer, Copper Dog, ENN, Fuji tea, Grant, Norway in a box, Producers market, Thornton, Trusted food, and Walmart are some of Vechaun’s partners. Vechain will be available to buy and sell between $0.15 and $0.18.
Vechain Price Prediction 2027
VET is expected to cost $0.22 in 2027. The Vechain toolchain is a Dapp created on the Vechain platform that promotes transparency, product legacy understanding, and value creation for businesses, customers, and supply chain players. The gadget provides VET an advantage over rivals. Vechain’s pricing ranges from $0.21 at the lowest price to $0.25 at the highest.
Vechain Price Prediction 2028
VET is expected to cost $0.33 in 2028. Vechain will need six years to travel at this rate to catch up to its previous record high of $0.2782, achieved on April 17, 2021. The milestone will be made possible by the expanding number of business partners. Vechain will trade between a $0.32 minimum and a $0.37 maximum price.
Vechain Price Prediction 2029
VET is expected to cost $0.47 in 2029. Since 2015, Vechain has operated in the industry. The platform takes pride in its skilled staff, which is located in offices in Europe, China, the US, Singapore, and Japan. Investors and financial institutions can connect with the mainnet with confidence thanks to the experience; Vechain will trade between a minimum price of $0.46 and a maximum price of $0.55.
Vechain Price Prediction 2030
VET is expected to cost $0.66 in 2030. The Vechain platform offers thorough resources for researching and developing on the Vechain network. A boot camp, research, bounty programmes, Insight, and development data are among the available resources. Vechain will trade in a range from $0.64, its lowest price, to $0.79, its highest price.
Vechain Price Prediction 2031
VET is expected to cost $0.95 in 2031. VET will hit the $1 objective before the end of the decade. The aim will, however, be influenced by upcoming laws, technological advancements, and rivalry in the Vechain ecosystem. Vechain will trade in a range of $0.93 at the lowest price and $1.1 at the highest.
A functional and useful blockchain system for supply chain management has already been created by VeChain. Partners from other industries have already jumped on board due to the practical solutions. These industries include, among others, those in manufacturing, luxury products, and transportation. Vechain can be used by healthcare facilities to track medications, and its anti-counterfeiting system successfully eradicates the sale of medications on the illicit market.
Vechain is supported by a capable crew. The rest of the staff is equally qualified in information technology and has a proven track record. Vechain’s future is uncertain, but for the time being, we can only gaze at the stars. The currency has a solid reputation for holding, investing, and resolving practical problems.
According to the aforementioned VeChain price forecasts, the coin has a promising future.
The most recent improvement is a collaboration in which the VET network became the official Layer 1 #blockchain partner of @ufc in a historic worldwide marketing alliance. By making the VET blockchain more accessible to the general public, the cooperation will aid in its further adoption. With a fan base of more than 300 million people, the UFC is one of the most well-known sports brands on a global scale.
Big businesses currently use the Vechain ecosystem, which has a devoted team of engineers and networks committed to the WEB3. Vechain use cases set it apart from its rivals and well-known meme coins, allowing it to be sustained over the long term.
Despite the application cases, Vechain has been impacted by the winter’s cryptocurrency market, falling 60% from the year’s high.