It is no exaggeration to affirm that Bitcoin is the most popular digital coin in the world. By market capitalization, it remains the largest cryptocurrency. However, it is not the only crypto that is worth your attention. A plethora of promising altcoins are constantly emerging, each with different values. You can now easily swap your BTC to MCO or any other altcoin to diversify your investment portfolio and discover new possibilities of crypto.
One of the emerging cryptos worth mentioning is the VeChain coin. In this article, we will explain what VeChain is and compare VET to BTC. Keep on reading!
Table of Contents
What Is VeChain and Does It Have Potential?
VeChain is a cryptocurrency project that hosts smart contracts. Its goal is to make use of the Internet of Things (IoT) and distributed governance to solve data problems and ensure transparent data exchange in various industries.
Its use cases for monitoring data represent a major feature that sets VeChain apart. VeChain can be adopted in businesses that demand a chain of ownership through various processes, including shipping and production.
As VeChain continues to rise in popularity, the cryptocurrency is currently trading at around $0.05 with a trading volume of about $300K. This digital asset has a circulating supply of 64B VET coins and a total supply of 86.7B.
VeChain hit an all-time high of $0.2782 in April 2021, while its all-time low was in March 2020 at $0.0016 per coin. The market capitalization is around $4B, which places it 36th on CoinMarketCap.
What Are the Predictions About the VET Price in the Future?
Experts have their opinions about the investment potential of VeChain. According to predictions from Wallet Investor, the price of VET is unlikely to hit the $1 mark within five years. Кeports from Analytics Insight reveal that the price of VET will likely hit only $0.160 by 2028.
According to experts, the performance history, as well as the future prediction, of VeChain is not exactly what many investors would savor.
Bitcoin: What’s Important About the Top Crypto?
Bitcoin was created in 2008 by Satoshi Nakamoto. The digital asset is the largest cryptocurrency in the world by market capitalization, which stands at $770 billion, as of the end of April 2022.
Bitcoin grew in popularity across the far reaches of the globe due to its high volatility. The value of this asset is driven by several factors, including supply and demand, government regulations, and media hype. In November 2021, Bitcoin reached an all-time high of $68,789 after it began the year at just under $30,000.
As of the time of writing, Bitcoin is trading at around $40,000. According to the website CryptoNewZ, Bitcoin will hit $126,127 by the end of 2025. Wallet Investor reports that Bitcoin is likely to break the $60,000 mark again by the end of the year and reach $130,000 in 2025.
Reasons to Trade VET to BTC
Experts view Bitcoin as a good long-term investment. After all, it is regarded as the pacesetter among other cryptocurrencies. This section will look into the reasons BTC is a better investment than VET.
According to experts, VET cannot provide the best return over a long period. On the other hand, various Bitcoin price predictions reveal that in the next three to four years, Bitcoin will surpass the $120,000 mark.
Besides this, Bitcoin has also established its position as the major driver of the crypto market. On the other hand, the lack of general acceptance makes VET a risky investment to consider.
Furthermore, owing to the large market value of Bitcoin, as well as its burgeoning worldwide popularity, investors are more likely to experience better returns with BTC than VET.
Let’s Summarize
The crypto market has experienced a massive rise in recent years. There are numerous new altcoins emerging. The VeChain token is an example of this. On the other hand, Bitcoin is the first and most popular cryptocurrency in the world. Even though finding where to buy VeChain, as well as Bitcoin, is not difficult, trading Bitcoin promises much better long-term returns than VET, according to experts.
