VeChain (VET) Price Prediction 2025-2030: Can VET climb as high as $2 in 10 years?
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 idea of foraying into a crypto because it costs a fraction of a dollar is tempting. Alas, it’s not always a smart decision. Then again, the way the market is doing, it’s doubtful that most financial decisions will be smart. In any case, it’s worth looking at VeChain. Why? Well, just in case. Also, over the past few days, there’s some optimism going around as well. Especially on the back of Bitcoin and other major cryptos recovering on the price charts.
In this article, we will analyze what drives the price of VET and what factors affect the altcoin’s price.
In 2015, Sunny Lu, the Chief Information Officer of Louis Vuitton China, founded VeChain. It was founded with an aim to disrupt conventional business models and revolutionize the way companies around the world manage their supply chains.
The company boasts partnerships with luxury brands like Louis Vuitton, BMW, big-four auditing firm PriceWaterhouseCoopers (PwC) and Walmart. Most recently, VeChain entered a multi-year deal with the UFC. The deal is valued at $100 million.
VeChain works on a consensus protocol that is different from the traditional proof-of-work and proof-of-stake protocols. VeChain uses a proof-of-authority consensus model. This protocol requires relatively low computational power and is more about integrity and quality. This consensus model is rather centralized, when compared to traditional ones.
VeChain is a blockchain platform that seeks to disrupt the logistics industry by reimagining how businesses around the world manage their supply chain. The relatively nascent firm has become
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