VeChain is doubling down on two key sectors—real-world asset tokenization and sustainability. These sectors are projected to grow substantially, with estimates ranging from $26 trillion to potentially as much as $68 trillion by 2030. Such forecasts suggest that VeChain’s VET token could reach unprecedented heights.
According to an analyst, VET is mirroring its price behavior from 2018, just before it embarked on a rally that catapulted its price to $0.268, an all-time high.
While Bitcoin focuses on its digital gold narrative and Ethereum dominates in DeFi and dApps, VeChain has carved out a significant niche in sustainability and real-world asset tokenization. Projections indicate these sectors could collectively amount to a staggering $94 trillion by 2030. Analysts foresee VeChain’s VET potentially benefiting greatly from this trend, surging to new record highs.
VeChain’s founder, Sunny Lu, has long championed sustainability, evidenced by initiatives like the enduring partnership with the Boston Consulting Group. VeChain recently introduced VeBetterDAO, which launched its mainnet last week, as reported by Crypto News Flash.
VeBetterDAO is an ecosystem designed to reward users for promoting sustainability through various decentralized applications (dApps) such as MugShot, GreenCart, Cleanify, and Vyvo. These dApps incentivize users with tokens for documenting their sustainable actions. Additionally, VeBetterDAO features EVearn, a platform that rewards electric vehicle drivers with B3TR tokens for charging their cars, originally starting with Tesla and now expanding further.
According to a study by BCG, crypto analyst AJ emphasizes that sustainability efforts, including decarbonization, could yield up to $26 trillion by 2030, a space where VeChain is well-positioned.
Beyond sustainability, VeChain has also led the charge in real-world asset tokenization. For example, it partnered with UFC to integrate its technology into the latest gloves to ensure authenticity, with plans for broader applications in the pipeline.
BCG estimates that the tokenization market could be worth between $16 trillion to $68 trillion by 2030, underscoring significant potential growth.
AJ points out that if VeChain captures just 1% of the projected $26 trillion sustainability market and a similar fraction of the $16-$68 trillion tokenization market, its impact shouldn’t be underestimated. The dual focus on these sectors makes VeChain a formidable player in the market.
Regarding market dynamics, analysts note that since reaching its peak in 2018, VeChain has increased its token supply by 16.6 billion VET tokens, equivalent to 25% of the circulating supply at the time—a factor likely influencing its current price trajectory.
Despite VET’s historical high of $0.268, any attempt to reclaim this peak today would be hindered by the increased token supply. Analysts anticipate a potential bullish rally, drawing parallels between current market patterns and those preceding the 2018 surge. Recent fluctuations suggest a potential for a significant rally on the horizon.
Overall, VeChain remains strategically positioned to capitalize on the booming sectors of sustainability and real-world asset tokenization, setting the stage for substantial growth in the coming decade.