- Leading on-chain metrics and price prediction firm CoinCodex predicts that VeChain’s price could rise to $0.055 by 2025, potentially providing a return on investment of up to 2,800%.
- Despite recent market volatility and a fluctuating performance in 2023, holding onto VeChain until 2025 could result in significant profits, though no guarantees can be made in the ever-unpredictable crypto markets.
VeChain (VET) initiated 2023 with a bang, its price almost doubling from $0.015 to $0.032 in the year’s first quarter. The blockchain-based supply chain crypto, however, encountered turbulence in the second quarter, its price retreating back to its early January levels.
Currently, VET is fluctuating around $0.019. For those considering an investment, this implies that a $1,000 investment today would amount to 52,000 tokens. Given these figures, the question arises – does VeChain hold profit potential for the long-term investor, particularly up to the year 2025?
Projections for VeChain: A Golden 2025?
CoinCodex, a prominent name in the realm of on-chain metrics and price predictions, projects a bright future for VeChain by 2025. The firm’s calculations indicate that VeChain’s value could escalate to a yearly low of $0.022 two years from now, yielding a return on investment (ROI) of approximately 1,100%. This means a $1,000 investment in VET today could potentially become $12,000 by 2025 if these predictions are accurate.
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The firm’s estimations don’t stop there. According to their metrics, VeChain’s price might reach a peak of $0.055 in 2025. If this turns out to be the case, investors would be looking at an astounding ROI of nearly 2,800%. A $1,000 investment today, when VET is at $0.019, could become a whopping $29,000.
The price predictions from CoinCodex suggest a bright and profitable future for VeChain, given the investor holds onto the currency until 2025. However, a word of caution: the world of cryptocurrencies is inherently volatile, with prices capable of dramatic swings in either direction. Therefore, while VET holds potential for lucrative returns, no definitive guarantees can be made about its future performance. Potential investors are urged to conduct thorough research before making an investment decision regarding VeChain.
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