VeChain, the platform’s native token VET, had risen significantly over the past year, but is now among the cryptocurrency projects that are registering increased interest. The interest in VeChain stems in part from its ability to solve key challenges in unreliable data for different industries, including finance, energy, food and medicine.
In recent months, VET has tried to exit the consolidation period and embark on a recovery path required by the ongoing cryptocurrency bear market. With the overall market experiencing a short-term rally recently, VET investors are hoping the token will hold up and continue the gains.
The CoinMarketCap cryptocurrency community predicts that VET will trade at an average of $0.048 by August 31. Estimates of 822 community members represented a 107% growth from the current price of the token at the time of $0.23. The token is currently trading at $0.02686.
However, the community expects VET to rise to $0.057 by the end of September 2022, with a projection based on the votes of 433 members, gaining over 140% from current value.
Crypto community VET price prediction August 31st. Source: CoinMarketCap
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Disclaimer: CoinMarketCap cryptocurrency community price prediction is based solely on votes from its users. Estimates do not guarantee month-end prices.
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