VeChain (VET) Price Prediction 2025-2030: What’s in store for VET holders?

ambcrypto.com:

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

The past few days have been a bittersweet period for investors and stakeholders of VeChain. On one hand, its native token has lost almost 20% of its value in the past 30 days. But on the corporate front, VeChain has made some exciting announcements that may offset the anxiety from VET’s price decline.

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

VeChain announced on 11 October that it was ramping up its operations in Europe and to that end, it will be employing 100 developers in addition to “pushing out new tools, technologies, developer libraries, and so on.”

Last week, VeChain announced a major upgrade to its proof of authority consensus model. This upgrade will address the trade-off that is 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.

Data from CoinMarketCap showed that VET, at press time, was trading at $0.0217, down almost 5% from 14 October. The token’s market capitalization stood at $1.5 billion and this figure has decreased by more than 68% since the start of 2022. Moreover, $55.6 million worth of VET was traded over the past 24 hours.

DNV GL, a provider of audit and certification services for ships and offshore structures, partnered with VeChain in January 2018 to provide audits, data collecting, and a digital assurance solution for the food and beverage sector.

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