VANRY is the native token of Vanar Chain and is the result of the rebranding and expansion of the original Terra Virtua Kolect (TVK) project. Vanar Chain aims to facilitate the exchange of virtual goods and is currently focusing on the non-fungible token (NFT) ecosystem and Metaverse games. Through the rebranding, Vanar Chain will strengthen project development and consolidate its position in the market.
So, what does the future hold for Vanar Chain (VANRY)? Is it worth the investment? This article will analyze the price trend of VANRY currency and make a simple prediction of its future price.
What is Vanar Chain (VANRY)?
Vanar Chain is a decentralized new L1 blockchain designed for NFT ecosystem and Metaverse applications.
The original name of the project was Terra Virtua Kolect (TVK). In November 2023, it was officially announced that Virtua would be transformed and "Vanar" would be the main company brand. And its native token has also transitioned from TVK to VANRY. If you hold a $TVK token, you will receive a VANRY
According to its official website, “Vanar was designed from the ground up, building on our technical expertise to facilitate practical real-world adoption. With years of experience working in the gaming, entertainment and brand sectors, our primary focus is to guide Billions of consumers enter the web3 world."
Currently, the migration has been completed, and VANRY coins can be traded on the Ethereum and Polygon networks, with a total supply of 1,200,000,000 VANRY.
VANRY price trend analysis
As of February 2, the trading price of VANRY coins was $0.05781, the trading volume in the past 24 hours was $2,517,528, and the circulating supply was 1,193,878,749 VANRY.
The cryptocurrency is up 1.03% over the past day and 0.69% over the past seven days, giving it a market cap of $68,963,842 and a ranking of 266. The price trend is currently positive.
VANRY's current price is down 94.9% from its price high of $1.22 and up 254.55% from its price low of $0.01761.
Vanar Chain Fundamental Analysis
Fundamental analysis seeks to assess an asset's intrinsic value, while technical analysis involves examining statistical patterns in the price and volume of that asset. Both techniques are used to analyze and predict the potential development of the asset's future price.
In the case of VANRY, the most straightforward way to conduct fundamental analysis is to look at supply and demand dynamics. Additionally, one can look at the market cap (68.96M) and circulating supply (1.1B) to come up with reasonable price assumptions for the future. On the demand side, one can view on-chain data related to the number of active and new addresses, as well as transaction counts.
WHAT DRIVES VANRY PRICE?
There are many variables in the cryptocurrency market that can drive the price of Vanar Chain up or down. The main force behind the value of Vanar Chain assets is the supply and demand of the market. Whether the demand for more VANRY increases or decreases depends largely on the growth of adoption rate.
In addition, major events such as protocol updates or hard forks may also have an important impact on the price of Vanar Chain.
Another major factor to consider is whale activity. A large number of holders of Vanar Chain can greatly influence the price, as a large sell order can significantly reduce the price. Additionally, never underestimate the impact of large institutional adoption and political regulation on the value of Vanar Chain.
VANRY Price Forecast
After understanding the past price trend and fundamentals of the VANRY coin, let’s look at some VANRY price predictions.
1.2024 Vanar Chain (VANRY) Price Prediction
The DigitalCoinPrice website predicts that the price of VANRY will fall by -17.18% in early March 2024. In mid-March, the highest price increase is expected to be 113.73%. By the end of the month, VANRY is likely to grow by an average of 41.67%. According to its long-term forecast, VANRY will reach a price high of $0.13 in 2024 and a minimum price of $0.0514.
PricePrediction predicts that the price of Vanar will reach a price high of $0.0871 in 2024, with a minimum of $0.0710, and an average trading price of $0.0736.
2.2025 Vanar Chain (VANRY) Price Prediction
The Vanar Chain price prediction from the prediction website CoinCodex states that the annual minimum price prediction of VANRY in 2025 is estimated to be $0.052696. Meanwhile, the price of Vanar Chain is expected to reach as high as $0.080041 next year.
DigitalCoinPrice believes that the VANRY price will be between $0.12 and $0.15 in 2025, with an average price of $0.14.
Finally, PricePrediction predicts that Vanar price is expected to reach a peak level of $0.1233 in 2025, with an average predicted price of $0.1101. In a bad scenario, the price could be as low as $0.1072.
3.2030 Vanar Chain (VANRY) Price Prediction
CoinCodex believes that by 2030, the price of VANRY is expected to fluctuate between $0.119958 and $0.226095. Vanar Chain is likely to move 290.84% higher compared to today’s price.
According to the forecast data of DigitalCoinPrice, the price of VANRY will be higher, reaching a price high of $0.43 and a minimum price of $0.39.
Finally, PricePrediction predicts that the lowest level of VANRY price in 2030 will be $0.7598. According to its research results, VANRY price may reach a maximum of $0.8729, with the average predicted price being $0.7855.
