VeChainis among the top-performing cryptocurrencies in 2023 as its price has doubled since the beginning of January. The cryptocurrency is showing a bullish trend as developments on the network continue.
VeChain: How High Can It Rise in 2023?
VeChain is seen as a significant investment this year as it releases sustainable developments that can boost its price. Blockchainwill enter the Web3 and NFT spaces called The HiVe, and the event is scheduled for March 4, 2023. Two key speakers will decorate the event as they prepare to collaborate with the industry’s Web3 players.
In addition, VeChain launched its decentralized cryptocurrency wallet called VeWorld Wallet on Monday. The wallet allows users to perform a number of features when using a notebook hardware device.
Koinfinans.com As we reported, considering all these developments, analysis firm Changelly has made a positive 2023 price forecast for VeChain. According to Changelly, the VET price could reach as high as $0.052 by December 2023, with an average transaction price of $0.044. This represents an increase of about 71% from its current price of $0.030.
VET price traded at $0.0294 and was down 6% in 24-hour day trading. However, it fell 89.54% from its all-time high of $0.28, which it reached in April 2021.