VeChain is up nearly 50% since the start of January and is attracting bullish sentiments in the indices. After falling from its all-time high of $0.28 in April 2021, VET is unable to claw back to its previous glory. The cryptocurrency added an extra ‘zero’ in the indices during the harsh and brutal bear markets of 2022. Now that the markets are in recovery mode, all eyes are on VET to reach the $1 milestone. In this article, we will highlight the likelihood of VeChain reaching $1 by 2030.
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VeChain: Can VET Reach $1 By 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.
Also Read: VeChain Price Prediction for February 2023
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.
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At press time, VeChain was trading at $0.0249 and is down 4.4% in the 24 hours day trade. VET is also down 91.1% from its all-time high of $0.28, which it reached in April 2021.