VeChain (VET) traded at around 0.001917 USD on March 13, 2020, its lowest level on record. If you have been investing 1000 USD every month since March 2020, your total investment so far is 51,000 USD. Over the past four years, your portfolio value has increased 97.39% and this investment would be worth $100,668 today.
If you invested 1000 USD per month from March 2020 until VET reached its all-time high of 0.281 USD in April 2021, the total amount you invested was 14,000 USD. In this scenario, your portfolio would grow to $367,740, representing an increase of over 2500%.
Target 1 USD for VET?
VET is a supply chain-based cryptocurrency that has many environmental-related initiatives. Climate change is a global issue that has gained attention over the past few years. This has positioned VET as a cryptocurrency project with potential for future growth.
To reach 1 USD from the current price, VeChain must increase by about 3900%. This is really a very difficult goal for “VET bulls” at the present time.
Although many cryptocurrencies have grown by much larger numbers (a recent example is Pepe), VET’s journey to reaching a price of 1 USD may not be easy because the current market is dominated by many different factors.
Analysts at Changelly predicted that VET will still reach its goal of 1 USD but in June 2032, about 8 years from now.
Forecast Telegaon’s take on VET is more optimistic than Changelly’s. The platform predicts VET will surpass the $1 mark in 2027, about three years from now. Telegaon analysts expect VET to reach its maximum price at $1.48 by 2027.
However, in case VeChain sees a sudden spike in real-world adoption, it is possible that the journey to $1 will be shortened.
Some cryptocurrency investors on What you need to do is “sit still and wait”.
See more: Prices of $FET, $AGIX and $OCEAN continue to increase as merger approaches
