VeChain is involved in several development initiatives and projects. The recent announcement of “The HiVe” event has attracted attention from the Web3 community.
VeChain has been regularly providing updates on their ongoing developments throughout 2023, and they have multiple upcoming projects in progress. On March 6, 2023, they released a new whitepaper and revealed details about the new VET 3.0 protocol.
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In one of their latest announcements, the team has also unveiled the details of their new web3-as-a-service platform, the VORJ. VeChain is trading at $0.02441 at press time, according to CoinMarketCap. Even though the price of VeChain is down by 6.43% in the last 24 hours, let us look at how high VeChain can go in May 2023.
VET Price Prediction for May 2023
Cryptocurrency experts at Changelly have predicted the price of VET for May 2023. For 2023, VET’s minimum price is anticipated to be $0.0259974. The maximum price expected is $0.0279972. It is anticipated that VET will trade at an average price of $0.0269973.
VET is 91% down from its all-time high of $0.2782 and has a long way to go before breaching its previous all-time high. However, the price can vary depending on various factors, including the market sentiment and the project’s development.