VeChain CEO: The Next Wave of Crypto Adoption is About Real Utility—VET Poised for Massive Gains

• VeChain’s focus on real-world utility and regulatory clarity positions it for growth as institutional adoption accelerates in the crypto market.
• VeChain’s potential to reach $1.17 hinges on enterprise adoption and institutional investment, with varying timelines for achieving this milestone.

VeChain (VET) is entering a development phase as the crypto market prepares for mass adoption. As reported by CNF, VeChain’s focus on real-world utility has positioned the platform for major growth, especially as governments transition from attempting to ban Bitcoin to making it a reserve asset.

Sunny Lu, the CEO of VeChain, highlighted that while the crypto market faced doubt and hostility in its early years, the narrative is now shifting toward blockchain’s practical applications and regulatory clarity. This change in sentiment sets the way for institutional adoption, which could drive the value of VET tokens in the coming years.

As a crypto OG, VeChain's founder and CEO Sunny Lu saw governments go from trying to ban Bitcoin to making it a reserve asset, per the incoming US government. Regulatory clarity adoption are now certain, and institutions/VCs are looking for one key thing: Real world… pic.twitter.com/0LhxJy5Nv9

— #Plan𝕍eBetterDAO 🇦🇹🐬 (@PlanV1usd) February 12, 2025

However, in the United States, the momentum for crypto adoption is growing as more states introduce legislative proposals to establish Bitcoin reserves. Currently, 20 states have put forward bills that, if passed, could see these states purchase around 247,000 BTC, valued at approximately $23 billion.

These legal efforts suggest that Bitcoin adoption in state-backed reserves could become a reality soon. With states like North Carolina and New Mexico about to invest billions into Bitcoin, the resulting institutional interest in digital assets is expected to strengthen the crypto network. This regulatory clarity points to a shift toward a more general adoption of blockchain and digital assets, laying the foundation for future growth across the industry.

VeChain’s Market Position and Future Potential

VeChain has exploded since its launch in 2015, ranking as the 49th largest cryptocurrency with a market cap of $2.67 billion. However, the price of VeChain remains relatively low, trading at around $0.033 per coin, below the $1 mark. 

However, if VeChain were to match Solana’s (SOL) market capitalization, which stands at $94.93 billion, its price could rise to $1.17 per coin. Based on its current circulating supply of 80.98 billion VET tokens, this would represent a surge of over 3,400%.

While this price target may seem far, predictions vary widely on when it could be achieved. However, CNF forecasts that VeChain could reach $0.08 this week, while others point to a longer timeframe, such as 2034. Despite these varying timelines, there is acceptance that real-world applications and institutional involvement could play a main role in driving the token’s value.

VeChain’s strength lies in its focus on enterprise solutions, particularly in the supply chain management sector. As more businesses adopt VeChain’s blockchain technology, the demand for VET tokens could increase, increasing the price.

VeChain’s partnerships with large corporations and integration into various industries are expected to be major factors in its future growth . Additionally, the entry of institutional investors could bring liquidity into the market, raising confidence in VeChain’s long-term potential.

VeChain’s Technical Indicators and Market Activity

Currently, VeChain is experiencing some price fluctuations, with its value at $0.03433 as of the time of writing, reflecting a 2.74% increase over the past 24 hours. The daily trading volume has surged to $67.55 million, recording a 27.92% increase in volume.

Moreover, from a technical perspective, the Moving Average Convergence Divergence (MACD) shows a bearish crossover, suggesting that there may be downward pressure in the short term. However, the Relative Strength Index (RSI) is currently at 40.60, which indicates that VeChain is approaching oversold territory. If buying momentum increases, the RSI could rise, signaling potential upward movement in the price of VET.

Source: TradingView

Recommended for you:

• Buy Bitcoin Guide
• Bitcoin Wallet Tutorial
• Check 24-hour Bitcoin Price
• More Bitcoin News
• What is Bitcoin?