VeChain needs to do 80 x more transactions to achieve the daily VTHO burn required. This will take time and why the 2 year time frame is required.
Having been invested in the VeChain/VET it is rather clear that the team developing the blockchain are doing a great job. There have been so many changes over the last 5 years with VeChain that you would think the people involved with VeChain have lost the plot and are heading nowhere.
Being mainly known as a blockchain specializing in the supply chain industry one would get confused with where the blockchain has been heading over the last year. The team has continued to expand and from partnerships which is the good news and has created other use cases during the quiet times and are not the best at releasing the news updating investors. The difference is they don't need to announce any new developments as they already have their clientele.
The clear part for myself having researched this project and observing over the last 12 months is that we are still a good 2 years away from real adoption that is required to burn the daily VTHO (gas token). 36 million VTHO is a big daily number to consume and this will happen, not this year or next year. Once this level or close to the level is achieved VET will be nowhere near the price we see today.
More adoption is required increasing the transactions on the blockchain burning the VTHO daily. Walmart cannot achieve this on their own and they need another 100 type Walmart businesses to burn through the VTHO volume.
Unfortunately we know Carbon Credits are being introduced by 2026 for the EU as this has now been legislated and will become a new law imposed on all businesses. This is the golden ticket for VeChain whether we like this new law or not. We are in 2023 so by mid 2025 which is still a few years away which is a good thing as it gives time to those interested in a long term investment opportunity.
2 years in crypto is not long especially if you know what that project is doing and how it will transform the price which is currently at a lowly $0.0244c which is a steal. My assumption is this will be north of $1 within 3 years not by market pumps, but out of necessity for businesses needing to own the tokens. This is a total different type of scenario compared to most crypto projects and why it is one to pay close attention.
Being in Crypto many will pass this project over as in 2 years you can make a fortune elsewhere so why wait for something that is not ready. This is the reason why I am buying small amounts regularly as there is no real time pressure unless businesses start buying in large numbers. One can not rule this out as the more the businesses have the cheaper the blockchain transactions become and in some cases will be free depending on the numbers they invested.
2 weeks ago the Carbon platform went live so I don't expect the VET token to remain at these prices for 2 years as this cannot last at these levels. Companies will start using this in order to get their businesses on track for carbon reduction so don't be fooled by the 2026 regulations as this will filter through long before. VET/VeChain has too much development happening all with real use cases which makes it stand out even more in the crypto world.