Monday, March 20, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News Altcoin News

Here’s How Much Your $100 Investment In VeChain Will Be Worth If VET Hits $5

news by news
December 22, 2022
in Altcoin News, News, VeChain, VeChain Token, vet, VET price analysis
0
Here’s How Much Your $100 Investment In VeChain Will Be Worth If VET Hits $5
0
SHARES
57
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Breaking: Republic Of China Announces Crypto Regulatory Body

Just-In: Bitcoin Ready To Hit $1 Million; Arthur Hayes Bullish Over This Reason

VeChain (VET)

VeChain (VET) describes itself as a smart contracts platform specifically built for the supply chain management industry. It allows manufacturers to place sensors, such as RFID tags, on their products that can then record data onto their proprietary VeChain blockchain. Initially, the VeChain token which released on the Ethereum blockchain went by the ticker VEN, but was later forked and rebranded to VET.

VeChain (VET) Use Cases

The VeChain protocol aims to provide use cases such as product digitization utilizing a distinctive blockchain identity and supply chain management for the food industry among many others. The whitepaper states that VeChain creates its own procedure for integrating organizations that are not familiar with blockchain technology.

Read More: Is Shiba Inu Coin (SHIB) Finally Ready For The Big 2023 Rally?

Digitizing goods to assist in spotting fake goods is another use case VeChain hopes to provide. The software creates a connection between the actual goods and a special blockchain identity using smart NFC tags to digitize products. As a powerful tool for authentication, traceability, reporting, and digital marketing, the platform aims to give each product its own landing page with information on the product, marketing, and traceability.

Read More: Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

VeChain offers a complete system that makes it simple for several participants in the food and beverage supply chain to gather crucial information about consumables. The VeChain IoT sensors gather environmental data including temperature, humidity, and acceleration. These data are then uploaded to the blockchain in real-time or via NFC (near field communication) interface at checkpoints using the VeChain ToolChain platform.

VeChain (VET) Price Prediction For Long Term

At the time of writing, the price of VET is $0.016, down by 3% over the previous day, according to the market monitoring portal CoinMarketCap. The price of the cryptocurrency has fallen by over 80% since last year when VET traded at around $0.088 in December of 2021.

Nonetheless, if projections made by the website cryptopredictions.com are to be believed, the price of VET may once again increase in the years to come.

Read More: Binance’s Mysterious Trades Worth $22 Trillion Found In Latest Analysis

Assuming no further black swan events, the data indicates that the cryptocurrency will continue to expand at a steady rate.

Now, if you were to invest just a nominal amount of $100 into VeChain at the current price, you would receive around 6,234 VET coins.

And, if the price went parabolic to hit the $5 milestone in the coming years, this $100 investment of yours would grow to become $31,170, which is over 300x return on your original investment.

Disclaimer: This is not investment advice. Please do your due diligence before investing in any asset.

Also Read: Here’s How Much Your $1000 Investment In Ethereum Classic Will Be Worth If ETC Hits $100

The post Here’s How Much Your $100 Investment In VeChain Will Be Worth If VET Hits $5 appeared first on CoinGape.

Related Posts

Breaking: Republic Of China Announces Crypto Regulatory Body
24/7 Cryptocurrency News

Breaking: Republic Of China Announces Crypto Regulatory Body

March 20, 2023
Just-In: Bitcoin Ready To Hit $1 Million; Arthur Hayes Bullish Over This Reason
24/7 Cryptocurrency News

Just-In: Bitcoin Ready To Hit $1 Million; Arthur Hayes Bullish Over This Reason

March 20, 2023
Bitcoin Rallies As UBS Group Acquires Troubled Lender Credit Suisse In $3.2 Billion Deal
24/7 Cryptocurrency News

Bitcoin Rallies As UBS Group Acquires Troubled Lender Credit Suisse In $3.2 Billion Deal

March 20, 2023
Bitcoin (BTC) Price Climbs Past $28,000 For the First Time In Nine Months, Bull Party Started?
24/7 Cryptocurrency News

Bitcoin (BTC) Price Climbs Past $28,000 For the First Time In Nine Months, Bull Party Started?

March 20, 2023
Breaking: Credit Suisse (CS) Gets $1 Billion Buyout Offer From UBS; But There’s A Catch
24/7 Cryptocurrency News

Breaking: Credit Suisse (CS) Gets $1 Billion Buyout Offer From UBS; But There’s A Catch

March 19, 2023
Don’t Take Balaji’s Bet of Bitcoin At $1 Million in 90 Days Seriously, Analysts Explain Why
Balaji Srinivasan

Don’t Take Balaji’s Bet of Bitcoin At $1 Million in 90 Days Seriously, Analysts Explain Why

March 19, 2023
Next Post
Breaking: FTX Founder SBF Released on $250M Bond, Placed Under House Arrest

Breaking: FTX Founder SBF Released on $250M Bond, Placed Under House Arrest

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Shiba Inu (SHIB) Price To Surge After Reaching This New Milestone?

Shiba Inu (SHIB) Price To Surge After Reaching This New Milestone?

December 29, 2022
AVAX Price Shoots 14% As Avalanche Daily Transactions Shoot 85%

AVAX Price Shoots 14% As Avalanche Daily Transactions Shoot 85%

February 2, 2023
Here’s Why Solana Price Is Leading Crypto Market Rally

Here’s Why Solana Price Is Leading Crypto Market Rally

January 14, 2023
Will Ripple’s XRP Price Pump To $1 In The Massive 2023 Rally?

Will Ripple’s XRP Price Pump To $1 In The Massive 2023 Rally?

December 23, 2022
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In