Vechain is one of the most useful blockchain projects out there, with partnerships and real-world connections like few other cryptocurrencies. But can Vechain reach 100 dollars?
Vechain can reach 100 dollars, but it is not likely. The market capitalization would reach almost 6.5 trillion USD, which is twice as high as the total crypto market. For Vechain to reach $100, we need to see government-level partnerships and major institutional adoption combined with a general growth in the cryptocurrency market.
Vechain does actually have several big partnerships, and more coming in the pipeline. Nevertheless, to reach $100 for a cryptocurrency with such a high supply is next to impossible.
Think about it:
The way to valueate any cryptocurrency project, or company for that matter, is to look at the price per coin/share and multiply that number with the amount of coins/shares there is:
Value = number of coins/shares * price per coin/share
The number you get by calculating that, the “value” in this case, is called “market capitalization”. This is the number to look at when comparing the value of different cryptocurrencies/companies.
It then logically follows that cryptocurrencies with a large supply (many existing coins) naturally get priced lower, as the value is spread out through more coins.
Vechain has a huge supply, logically leading to a lower priced coin.
Check out the circulating supply of Vechain, compared to other currencies:
Notice that the left vertical axis increases exponentially. Every tick up is a 10x.
You see that the supply of Vechain is much higher than Ethereum and Bitcoin. It’s also more than 10x the supply of Algorand, which itself has a huge supply.
This massive supply makes it hard for Vechain to reach 100 dollars. However, it is still possible.
Let’s get into the what, and the how, to analyze it deeper:
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What Would It Look Like If Vechain Reached 100 Dollars?
With its huge supply, Vechain reaching 100 dollars would sky-rocket its market capitalization (the total value of the cryptocurrency project).
Remember: Market cap = number of coins * price per coin.
Now, let’s do the math and calculate what it would be like if Vechain reached 100 dollars, and compare it to other cryptocurrencies to see if it’s within the realm of possibilities:
Market Cap = 64.5 Billion VET * $100/VET = $6.45 Trillion
In other words, if the price of Vechain reaches $100, the market capitalization will reach $6.45 trillion.
Let’s compare that to what Bitcoin and Ethereum are expected to reach at the peak of this cycle.
What I believe: Bitcoin will reach $100 000, and Ethereum will reach $8000.
Check out the comparison of market caps at these prices:
I think it’s safe to say that Vechain will remain under $100 this cycle, as it’s unlikely it will surpass both Ethereum and Bitcoin, and grow 5x the size of Bitcoin even after Bitcoin has reached $100 000.
However, it might happen in the future, when Bitcoin has grown larger, giving altcoins, like Vechain, more room to grow.
Vechain is fundamentally a strong project and has a lot going for it. If they manage to keep it up, they might make it to the hundred-dollar mark.
Is Vechain A Good Investment In 2021?
How Can Vechain Reach 100 Dollars?
Even though the road to 100 dollars is long, some things can send Vechain on the right path, helping it reach $100.
If you don’t know what Vechain does or how it works, you need to read this article (read the fundamental analysis part): Is Vechain A Good Investment In 2021?
Vechain has some exciting potential use cases that could make the price of Vechain explode into another dimension. Let me give you an example:
COVID-19 Test Results Verification:
In a hospital in Cyprus, they use an app developed on the Vechain blockchain to verify the test results of Corona tests. (source: coindesk)
This is a huge deal for Vechain.
If this is done successfully (it has been so far), others might join them, and start using the Vechain blockchain to digitize and improve the healthcare industry in general.
This is one of those use cases that can start a ripple effect for Vechain, eventually sending the price to $100.
Have Other Coins Surged Like That In The Past?
Vechain, being at $0.2 at the time of writing, has to increase by 40 000% to reach $100. Has something like that ever happened in the crypto markets before?
Well, yes. A lot of times, actually.
Let me show you what AAVE, the early DEFI coin, did in 2019-2021:
AAVE surged with over 200 000% in roughly two years… WHAT!?
That’s what I call mind-bending returns. If you invested $10 000 in AAVE at the absolute bottom in August of 2019, your bank account would have turned into a black hole.
Okay, seriously, ten grand would have turned into 20 million dollars. That’s a 20 000x on every dollar you put in…
Another crazy altcoin worth looking at is DOGE:
As you can see, DOGE has also surged over 40 000% since March 2020.
This surge would have 4000x’ed every dollar you invested, meaning that a $10 000 investment would turn into $4 000 000.
Can Dogecoin Reach $10?
Conclusion: Yes, Vechain Can Reach $100
All things considered, Vechain can reach 100 dollars. The surge of over 40 000% is possible, as proven by other altcoins like AAVE and DOGE in the past. However, it is not likely to happen any time soon.
If Vechain were priced at $100, its market cap would be almost 6.5 Trillion USD, which is twice as high as all cryptocurrencies combined at the time of writing.
For Vechain to have a chance at reaching those prices, we need to see some worldwide, big-time use cases involving major institutions and governments.
Have You Invested In Vechain Or Other Cryptocurrencies?
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