VeChain (VET) Price Prediction 2025-2030: Are VET’s $2 projections really in sight?

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Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject

VeChain is a flexible enterprise-grade L1 smart contract platform with a native crypto – VET. VeChain started out in 2015 as a private consortium chain, collaborating with a variety of businesses to investigate blockchain applications. With the ERC-20 token VEN, VeChain would start its shift to a public blockchain in 2017. In 2018, it would launch its own mainnet under the ticker VET.

Here’s AMBCrypto’s Price Prediction for VeChain [VET] for 2023-24

The crypto listed 34th on CoinMarketCap has lost more than 68% of its market capitalization this year. VET’s recent price action can be summed up with one word – Volatile. 

While the token’s price performance may worry investors, VeChain itself has made a number of announcements and partnerships recently, each of which might interest those looking to buy this crypto.

As we all know, VeChain uses a proof-of-authority consensus model which requires relatively low computational power and is more about integrity and quality. Well, the VeChain Foundation announced a major upgrade on 6 October, which is the Proof of Authority 2.0. This upgrade will help the protocol solve the dilemma of choosing between scalability with high throughput or instant finality.

VeChain also released the financial report for Q2 recently. As per the report, the company holds $60.4 million worth of stablecoins, along with $474 million in Bitcoin, Ether and VET, bringing the total crypto reserves to $535.2 million in Q2. It is important to note that this figure has decreased by more than 55% compared to the previous quarter. This decline can be