The core function of Vechain is to address the problem in global supply chain process, such as blocking the ways of a large number of counterfeit medicines. It is using blockchain technology to do this social service.
The supply chain is more than $13 billion industry which shows the potential it has got. It tracks the drugs from its source to the destination to make sure it reaches the right person. Vechain prediction must be analyzed on what it has to offer to the present market and in which terms its services will benefit the society. The answers are encouraging.
The other prominent point is its partnership with world’s largest companies like BMW, PWC and DNV GL. It shows that big international names have put their trust in the coin which is definitely a point to consider. The second significant point is that it is not limited to serving only supply chain industry, there are dozens of more industries that will be benefited through VEN such as Automobile, Internet of Things, Tobacco, etc.
The next most considerable point is its connection with the Chinese government. As we all know that China has put harsh bans on crypto despite the fact that the number of crypto traders in China are more than in any country in the world. All of these facts show that Vechain has a long lasting future and the coin will keep growing with the passage of time.
Vechain forecast is as much a speculation as any other coin. However, there is a difference between a guess and an estimate. An educated estimate says that its value could go up to $500. We often see plenty of bullish predictions about different coins. Although most of them don't come true they still impact the value for short-term.
To conclude the debate, it won’t surprise us if its value could reach beyond the predicted price because of the utilities that it serves.
Finding out the weaknesses in either VEN technology or its utility has proved to be one of the most daunting tasks. Even a thorough research on the internet would not give you enough weak points of the currency. It seems that the only thing that could go wrong with it is emerging of another similar ecosystem with better features. To sum up the debate, there are no apparent reasons that this coin will fail.
Ethereum is technologically a better ecosystem than Bitcoin but the exchanges tell a different story. The irony remains there since most of the people follow intuition. If something is making space in the headlines, it is likely to go higher in value.
The currency in question does not seem to reach a point where it could go broke in the near future but it needs to work on its website. We don't see a section of the team on their site which might lower the credibility of the platform. There are also concerns about hiring the number of developers for the system.