Help me understand the long-term projected value of VET

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Ok, I’ll start this by saying I’m pretty new to cryptocurrencies, but have pretty much only bought Vechain because I really like their partnerships, believe in what they are trying to achieve, and seem like they have a great management team. Coming from the stock world, it’s the type of company I would buy shares in if they were available. However, would the value of a cryptocurrency have any correlation to the typical metrics used to determine the value of a stock? I don’t know if this is the best place to ask these questions, since investors are obviously biased, but there also seems like there are a lot of knowledgeable, experienced people here too. I’m considering investing heavily (for me) in a strength node, but don’t think I have enough knowledge yet, so hoping for some help.
I definitely see blockchain technology being revolutionary, but it seems like the rise in most cryptocurrencies is based on which ones can legitimately become a replacement for fiat in the future. This means easily and quickly being able to exchange for goods/services. But it doesn’t seem like Vechain is aiming to be used like this, so wouldn’t the long term value be limited because it won’t be adopted as a mainstream currency? I know they’ll support a high transaction rate, but it doesn’t seem intended for the general public to use.
Next, if it’s not a mainstream currency (I guess this is irrelevant if I’m completely wrong about the last part), then the main value is the generation and value of Thor. I see all these estimates of returns based on Thor being valued at $x, but I can’t see Thor being that expensive or else companies would look elsewhere for the type of solution Vechain is trying to provide. In the luxury goods market, I can see a company like LV spending a few dollars per bag to prevent counterfeiting, but not a significant amount. That amount decreases a lot if we move into things like wine, and even more once we get to things like meat/produce. The sushi example I always see doesn’t even make that much sense to me since I assume the highest chance of danger comes from handling at the end point and what happens after the sushi gets put on a tray rather than temperature during transportation. I guess I can picture the volume of Thor needing to increase significantly if the technology becomes widely adopted, which would be equivalent to a price increase if they increased the generation rate.
Anyways, sorry for the long post. It’s hard for someone new to try to figure out what is just shilling and get some objective opinions. Thanks for any help!

2 COMMENTS

  1. From what I understand, the circulating supply of ven will not change now so the price is simply a function of the market cap.

    45bn for $100 per coin. If we are seriously heading to a 1tn total cap long term, 5% of this is really not out of the question considering that ven is a real company run by business people as opposed to a white paper written by some nerds. Could exceed this price point in the long term I feel.

    Thor circulating supply is changeable to cater to the market and dilute the price accordingly so I have much less understanding of how that will work.

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