VeChain Price Prediction: When Could VET Reach $0.1?

Vinod Dsouza

VeChain had reached an all time high of $0.28 in April 2021 during the bull run that sent leading cryptocurrencies to touch new heights. Nonetheless, the bear markets of 2022 wiped away all its gains making top tokens fall to new lows. The markets tested investors’ patience last year but things seem to be getting back on track in 2023. Now that the markets are in a recovery mode, can VeChain reach $0.1 in the short-term run? Let’s find out!

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Can VeChain Reach $0.1?

VeChain VET
Source: / Ruska Design

VeChain is currently trading at $0.022 and needs to delete a ‘zero’ in the indices to reach $0.1. Though the markets are on the positive side of the spectrum, there’s no bullish rally in February. The markets are anticipating the CPI data that could determine the next leg of movement leading stocks and cryptocurrencies could go.

In addition, talks of an upcoming recession in 2023 are looming large around the financial markets. If a recession were ever to hit the U.S. economy, both stocks and cryptocurrencies could experience a bloodbath. Leading banks such as JP Morgan, Standard Chartered, and the World Bank have all predicted a recession could occur this year.

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source: Changelly

Considering all these financial factors, price forecasting firm Changelly predicts that VeChain could touch $0.1 only in 2026. That’s four years from today and VET needs to be seen as a long-term investment strategy.

According to estimations from Changelly, VeChain might reach $0.1 in 2026 and retrace in price thereafter. However, the forecast estimates that VET will trade above $0.1 in 2027 with a high of $0.16 and a low of $0.13.

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At press time, VeChain was trading at $0.022 and is down 2.4% in the 24 hours day trade. VET is also down 91.81% from its all time high of $0.28, which it reached in April 2021.