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VeChain Price Prediction 2023: What’s the VeChain Forecast?

After the cryptocurrency boom in 2017, the market has been flooded with new Altcoins. But there are some projects that succeed in standing out above the rest — VeChain is one of them.

Did you know that the VeChain project began in 2007? Even though its cryptocurrency token was launched much later, and the project has greatly evolved since then, VeChain is indeed one of the oldest projects.

2017 was a great year for VeChain as it grew to become the 22th most valuable cryptocurrency with a current market cap of $2 billion. This leads us to our next question —what does the VeChain forecast look like?

In this guide, I am going to cover some of the top VeChain price predictions for both the short-term and long-term. To get a complete view, I will take you through VeChain predictions that each uses different methods to get their predictions.

By the end of this guide, you will not only be aware of the average VeChain price prediction but also understand the key factors that could make VeChain a good or bad investment.

Let’s get started with a brief overview of VeChain, as it is important you understand this before moving on. If you’re already confident with your VeChain knowledge, feel free to skip to the ‘VeChain Price Prediction 2023’ section.

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What is VeChain?

VeChain, created by Sunny Lu and DJ Qian, is a very unique project because it is a blockchain-based solution for a physical-world industrial problem.

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Sunny Lu and DJ Qian Co-Founders of Vechain

When it first began, VeChain was focussed primarily on supply-chain solutions.

Over the last couple of years, though, it has evolved to provide services to a wide range of industries, such as luxury goods, automotive, agriculture, logistics, and retail.

Let’s take an example of the liquor industry: the VeChain solution can help wine manufacturers to stop counterfeiting and unauthorized sales.

How does it do this?

The first step is to digitize wine bottles by adding some sort of sensor, like an RFID tag to it. The data from these sensors is then stored on the blockchain and used to track the movement of each wine bottle throughout the distribution process.

In order to implement its solutions in the real world, VeChain has been building partnerships with reputed companies like Kuehne & Nagel, Renault, PWC, DNV GL and also with the government of Gui’an, China.

VeChain is now working on offering a platform similar to Ethereum on which developers can build smart contracts and decentralized apps (DApps). In fact, to have a wider appeal, this feature of VeChain was rebranded as VeChain Thor at the end of February 2018.

Now that you have an overview of what VeChain is, let’s get to the VeChain price prediction.


It is important that you understand the risks involved in the cryptocurrency market. The cryptocurrency market has performed unpredictably in the past and nobody really knows how it will act in the future.

There are many factors to consider, such as upcoming regulations, new technologies being developed, etc. which can have an unfamiliar impact on the VeChain price prediction.

So, it’s in your best interest to do further research and even consult a financial advisor before making any investment in VeChain or any other cryptocurrency.

With that in mind, let’s jump right into the VeChain price prediction 2023.

VeChain Price Prediction 2023

The following are the top short-term VeChain forecast as given by different credible sources, all of which will be credited.

VeChain Price Prediction 2023 Using Technical Analysis

In this method of price prediction, the software is used to perform technical analysis (TA) on historical price and volume trends.

This method relies on data and does not take into account any softer aspects such as technology, team, and market sentiments, etc. is a popular website that does technical analysis-based price predictions of various cryptocurrencies. According to them, VeChain is expected to hit the price of $0,046 in one year. Since it's currently worth $0.03, this is optimistic, yet very realistic. 

VeChain price prediction: forecast for 2023 and 2023.

VeChain Price Prediction 2023 by Experts

You should watch out for what cryptocurrency experts are saying about the cryptocurrency of your interest. Even though they may not give an exact prediction, their opinion can certainly impact the market.

Roger Ver, who is also referred to as “Bitcoin Jesus”, is one of the most powerful voices in the cryptocurrency universe. Can you guess what his opinion is about VeChain?

He thinks that VeChain has a bright future because it is trying to solve real-world problems and has applications serving many industries.

As you can see below, he tweeted in great favor of VeChain.

While it is difficult to know the future prices of VeChain with certainty, validation from an expert definitely does mean something.

VeChain Price Prediction 2023 by Other Reputable Sources

There are several other reputable sources who have made a VeChain price prediction 2023 based on factors such as past trends, team, technological advantages, and market sentiments.

One such source is which regularly publishes cryptocurrency predictions. A few years back, they predicted that the price of VeChain won't go much up from the value of $0.011, however, its price is $0.03 in 2023 and the prediction for 2023 seems brighter as ever. have based their VeChain price prediction on the fact that it has a very versatile blockchain with numerous applications. However, they also feel that VeChain could be more volatile because it is lesser known as compared to other top cryptocurrencies.

Next, I will take you through the VeChain price prediction 2023 and beyond.

VeChain Price Prediction Long-Term

It’d be a good idea to look at the long-term prospects of any cryptocurrency before making an investment decision. So, in this section, I will cover the top long-term VeChain price prediction by various different methods.

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Long-Term VeChain Price Prediction Using Technical Analysis also gives a long-term price prediction for VeChain — it claims VET price will increase to $0.046 in one year and will go up to $0.1 in 5 years. 

As you can see, this makes VeChain one of the better long-term investments. 

Long-Term VeChain Price Prediction by Experts

In March 2018, VeChain brought on board Tim Draper as one of their investors. If you don’t know Tim Draper, let me make this clear — he is a Silicon Valley legend.

Not only is he a renowned investor in many Silicon Valley companies (such as Tesla) but he is also a big believer in cryptocurrencies. He had invested a lot of money in Bitcoin at the time when its price was just $6.

VeChain has received huge validation by securing support from such a seasoned investor and known voice in the cryptocurrency universe.

Long-Term VeChain Price Prediction by Other Reputable Sources

As per the five-year prediction by (made in 2018), the price of VeChain could reach as high as $75. expects VeChain to provide “complete integration of the blockchain-based platform with the actual business world”. This would help in making blockchain more and more accessible for companies on a mainstream basis.

So, those were some of the top long-term VeChain price prediction 2023 and beyond. As you can see, most of them expect VeChain to underperform greatly over the next 5 years. However, these VeChain price prediction may or may not turn out to be correct — always remember that it is impossible to know for sure what the future price of a cryptocurrency is.

You should weigh in various factors before you can come to a conclusion about whether VeChain is a good or a bad investment.

Let’s have a look at these in the next section.

Is VeChain a Good Investment?

There can be various factors that can affect the prices of a cryptocurrency. In addition to VeChain price prediction, I am also going to take you through the factors which can positively affect the future of VeChain, as well as factors that can have a negative impact.

So, in this section, I am going to take you through the reasons which make VeChain a good or bad investment.

Why VeChain Could be a Good Investment?

Let's take a look at the reasons VeChain could be a good investment.

Real-World Partnerships

One of the most promising things about VeChain is that it has secured solid partnerships with many reputed organizations. It is helping VeChain in creating and testing the solutions which can solve real-world problems.

Some of the names in the growing list of partnerships include PWC, DNV GL, China Unicom and a Chinese Government national-level partnership.

This is one of the single most important reasons for any cryptocurrency to become successful. If VeChain is successful in utilizing these partnerships to create market-ready products, then it has a tremendous future ahead of it.


VeChain started off developing blockchain-based solutions for the supply-chain industry. The team realized that VeChain’s solutions could be applicable to many other industries, so they are now developing solutions for many industries.

In fact, as mentioned earlier, VeChain now offers an Ethereum-like platform for developing decentralized applications (DApps). VeChain Thor, as it will be known, will be a new blockchain on which VeChain Thor (VET) tokens will be used.

So, VeChain has a lot of space to grow as it is now targeting a larger market.

Experienced Team

As I mentioned before, VeChain is one of the oldest blockchain projects. As a result, its team has gained tremendous experience in delivering real-world solutions, something which is a challenge for most cryptocurrencies.

VeChain Price Prediction Core Team MembersVeChain Core Team | Source: vechain

For a young technology like blockchain, it is very important that an investable project is backed by a strong team. Fortunately, this the case with VeChain.

VeChain Foundation

VeChain is backed by the VeChain Foundation, which is a non-profit entity responsible for the development of the network and R&D.

VeChain Foundation plays an important role in developing partnerships with companies, like the ones we saw above. Being backed by a strong foundation can help VeChain in achieving its goals more efficiently.


At a time when many cryptocurrencies (BCH, Ripple, and others) are being criticized for encouraging centralization, VeChain is decentralized in every sense.

Not only does it have offices across the world, but it also has a network of 111 nodes spread out across many countries like the UK, Germany, Japan, China, and South Korea.

VeChain Price Prediction Nodes
Source: naver

In my opinion, there are many critical things which are working in the favor of VeChain. If it can successfully execute as per the roadmap, it can be a good investment.

While VeChain may be older than other cryptocurrencies, it is still in the early stages of development. Due to this, there are a couple of factors that could negatively impact the VeChain price prediction. Let’s take a look at them.

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Reasons VeChain Could Turn Out To Be a Bad Investment

Now, let's check out the factors that could render VeChain a bad investment.


In the last year, the cryptocurrency market has boomed and become a ground for cutthroat competition. Like others, VeChain also faces stiff competition from existing and upcoming projects.

It needs to compete with the upcoming project, Waltonchain, which is also targeting the supply-chain sector.

Also, now that is entering the same space as Ethereum, the competition will get even tougher: Vechain Thor will have to compete with the likes of Ethereum, Cardano, and NEO.

Work in Progress

VeChain is entering the arena of smart contracts with Vechain Thor, but it is still under development. The future of VeChain is highly dependent on the successful development of Vechain Thor into a product that can compete with the other available solutions.


As far as the cryptocurrency market is concerned, you should always watch out for upcoming regulations. It is even more relevant in the case of VeChain because of its close association with the Chinese government.

While the Chinese government has been showing support to VeChain, it could still backfire. In the past, the Chinese government has taken many actions to curb the growth of the cryptocurrency market in China.

These are some of the factors which you need to take into account when making your investment decision regarding VeChain.

Final Words

You now know what the different sources and methods are to develop cryptocurrency price predictions. I have shared with you the average VeChain price prediction 2023, as well as long-term predictions such as the VeChain price prediction 2023.

You also know what the opportunities and challenges are ahead of VeChain which can impact its future.

The biggest advantage of VeChain is that it is one of the few cryptocurrencies with many real-world partnerships and applications. On the other hand, VeChain still needs to prove the success of Vechain Thor.

So, what do you think about VeChain? Do you have a positive outlook for its future? I would love to hear your thoughts.

About Article's Experts & Analysts

By Aaron S.


Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms...
Aaron S., Editor-In-Chief
Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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