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VeChain priceVET

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VeChain price calculator

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VET
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1 VET = 0.04963 USD
Last updated 2024-03-05 10:35:39(UTC-0)

VeChain price live data summary

The live price of VeChain is $0.04963 per (VET / USD) today with a current market cap of $3.61B USD. The 24-hour trading volume is $178.64M USD. VET to USD price is updated in real time. VeChain is -1.19% in the last 24 hours. It has a circulating supply of 72,714,520,000 .

What is the highest price of VET?

VET has an all-time high (ATH) of $0.2782, recorded on 2021-04-17.

What is the lowest price of VET?

VET has an all-time low (ATL) of $0.001678, recorded on 2020-03-13.

When is a good time to buy VET? Should I buy or sell now?

When deciding whether to buy or sell VET, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget VET technical analysis can provide you with a reference for trading.
According to the VET 4h technical analysis, the trading signal is Buy.
According to the VET 1d technical analysis, the trading signal is Strong buy.
According to the VET 1w technical analysis, the trading signal is Strong buy.

VeChain price performance in USD

24h7d30d90d1yAll-time
-1.19%+1.98%+76.80%+101.15%+105.75%+32879.60%

VeChain price history in USD

TimeLowHigh
24h$0.04784$0.05137
7d$0.04593$0.05477
30d$0.02721$0.05477
90d$0.02434$0.05477
1y$0.01363$0.05477
All-time$0.001678(2020-03-13, 3 years ago )$0.2782(2021-04-17, 2 years ago )

VeChain market information

Market capCombinedShapeIcon
$3,608,902,255.63
-1.19%
Fully diluted market capCombinedShapeIcon
$4,267,533,122.21
-1.19%
Volume (24h)CombinedShapeIcon
$178,641,231.74
+22.97%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+84.00%
24h volume / market capCombinedShapeIcon
0.0495
Circulating supplyCombinedShapeIcon
72,714,520,000 VET
Total supply / Max supplyCombinedShapeIcon
85.99B VET
-- VET
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VeChain ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

VeChain Social Data

In the last 24 hours, the social media sentiment score for VeChain was 0, and the social media sentiment towards VeChain price trend was Bearish. The overall VeChain social media score was 4,089, which ranks 125 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,269,393 times, with VeChain being mentioned with a frequency ratio of 0.04%, ranking 51 among all cryptocurrencies.

In the last 24 hours, there were a total of 0 unique users discussing VeChain, with a total of VeChain mentions of 536. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has decrease by 11%.

On Twitter, there were a total of 11 tweets mentioning VeChain in the last 24 hours. Among them, 18% are bullish on VeChain, 0% are bearish on VeChain, and 82% are neutral on VeChain.

On Reddit, there were 0 posts mentioning VeChain in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning VeChain. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
0
Social score(24h)
4.09K(#125)
Social contributors(24h)
0
0%
Social mentions(24h)
536(#51)
-11%
Social dominance(24h)
0.04%
Twitter
Tweets(24h)
11
+175%
Twitter sentiment(24h)
Bullish
18%
Neutral
82%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About VeChain(VET)

What Is VeChain?

VeChain, launched in 2015, has carved a niche for itself as a pioneering entity in the blockchain sector. With a clear vision to revolutionize the digital business landscape, VeChain was conceived to bridge the often vast divide between the theoretical promise of blockchain technology and its tangible real-world applications. At its core, VeChain offers businesses a trusted and distributed platform, designed to promote transparent information exchange, enhance collaboration efficiency, and expedite value transfers.

As the blockchain industry has witnessed shifts and turns, VeChain has remained agile, evolving in tandem with these changes. Their journey, marked by the release of insightful whitepapers, reflects a continuous refinement of their vision and strategy. VeChain is a preferred choice for businesses seeking blockchain solutions that yield genuine economic, environmental, and societal value. Their unwavering dedication to innovation and seamless integration has solidified their position at the cutting edge of blockchain technology, making them a guiding light for enterprises aiming to tap into the benefits of decentralization.

Resources

Official Whitepaper: https://www.vechain.org/assets/whitepaper/whitepaper-3-0.pdf

Official Website: https://www.vechain.org/

How Does VeChain Work?

VeChain operates on its proprietary blockchain called VeChainThor. This blockchain is meticulously designed to meet the multifaceted requirements of enterprise-level adoption. At its core, VeChainThor employs a unique consensus mechanism known as Proof of Authority (PoA). Unlike traditional consensus algorithms, PoA provides robust safety guarantees on blocks and transactions, ensuring faster and more efficient processing. This mechanism is pivotal in maintaining the integrity and security of the data on the VeChainThor blockchain.

The flexibility of the VeChainThor blockchain is another of its standout features. It's crafted to seamlessly integrate with a myriad of complementary technologies, ranging from the Internet of Things (IoT) and Radio-Frequency Identification (RFID) to advanced technologies like 5G, AI/ML, and big data. This adaptability ensures that VeChain remains at the cutting edge, capable of catering to diverse business needs. Furthermore, VeChain has introduced meta transaction features, such as Transaction Lifecycle Control. This empowers users by granting them unparalleled control over their transactions, a feature that's especially critical for business applications.

What Is The VET Token?

Within the VeChain ecosystem, the VET token plays a pivotal role. It is part of VeChainThor's unique two-token design, which also includes the VeThor (VTHO) token. While VET serves as a value-transfer medium, essentially acting as the utility token, VTHO represents the underlying cost of using VeChainThor, functioning as the "energy" of the platform. This two-token design is crucial as it separates the cost of using the blockchain from market speculation, ensuring stability and predictability for enterprise users.

VeChain’s Impact on Finance

VeChain's foray into the financial sector has been nothing short of transformative. By offering a platform that champions transparency and efficiency, VeChain provides businesses with a robust toolset to streamline operations and reduce overhead costs. The inherent transparency of the VeChainThor blockchain can significantly mitigate fraud, a persistent issue in the financial world. This enhanced trustworthiness fosters confidence between parties in financial transactions, making dealings more secure and reliable.

The introduction of the VET token within the VeChain ecosystem has further solidified its influence in finance. This token, with its predictable value dynamics, offers a stable medium of exchange, insulating businesses from the typical volatility seen in many cryptocurrencies. Such stability is a boon for financial institutions and businesses that prioritize reliability in their blockchain solutions. Moreover, VeChain's strategic partnerships with major enterprises and assurance companies underscore its growing prominence in the financial landscape.

What Determines VeChain’s Price

In the dynamic world of cryptocurrencies, VeChain price trends are shaped by various factors, including its groundbreaking technology and strategic partnerships. VeChain, co-founded by Sunny Lu, the former CIO of Louis Vuitton China, has established itself as a leader in utilizing blockchain technology to enhance supply chain management and business processes. The latest VeChain VET price analysis indicates that its unique two-token system, which consists of VeChain Token (VET) and VeChainThor Energy (VTHO), has significantly influenced its price dynamics. The VET price today reflects the platform's innovative strides, including partnerships with renowned companies like BMW, Renault, and PwC, which have adopted VeChain's blockchain for various applications, potentially influencing the VeChain market cap.

The VeChain price trend is also deeply intertwined with its technological advancements and governance protocols. Operating on a Proof of Authority (PoA) consensus mechanism, the platform is not only energy-efficient but also guarantees fast transaction speeds, contributing to a positive VeChain price forecast. Investors and stakeholders eyeing the VeChain price prediction 2023 should note that the platform's governance structure, overseen by a community-elected Steering Committee, and its meta-transaction features are engineered to encourage user-friendly development, potentially driving a bullish VeChain price prediction.

Moreover, the VeChain daily price can fluctuate due to developments in its rapidly growing non-fungible token (NFT) ecosystem. The platform hosts a decentralized NFT marketplace named VeSea, where users can create and trade VIP-181 tokens. The current VeChain price might be influenced by the activities and trading volumes on this marketplace, coupled with the popularity of its NFT collections like VeKings and the Paper Project. Investors focusing on the VeChain price price need to monitor the developments in the NFT sector, as they could be a crucial factor in shaping the VeChain price graph.

As is the case with all cryptocurrencies, the VeChain historical price data showcases a series of highs and lows, evidencing its volatile nature. The VeChain price chart from its inception in 2015 until now displays fluctuations steered by broader market trends and its strategic developments. As the platform continues to form partnerships and extend its use cases, the live VeChain (VET) price is projected to mirror its growth trajectory. Those interested in the VET coin price should undertake comprehensive research, taking into account the platform's technological advancements and market trends, to make well-informed investment decisions.

Bear in mind, while the most recent VeChain news and developments depict a promising future, the cryptocurrency market is inherently volatile, and investments should be approached with caution and thorough due diligence.

Trade VET perpetual futures

After having successfully signed up on Bitget and purchased USDT or VET tokens, you can start trading derivatives, including VET futures and margin trading to increase your income.

The current price of VET is $0.04963, with a 24h price change of -1.19%. Traders can profit by either going long or short onVET futures.

Join VET copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or VET tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of VeChain.

What is the current price of VeChain?

We update our VeChain to USD price in real time. Get the live Price of VeChain on Bitget.

What is the 24 hour trading volume of VeChain?

Over the last 24 hours, the trading volume of VeChain is $178.64M.

What is the all-time high of VeChain?

The all-time high of VeChain is $0.2782. This all-time high is highest price for VeChain since it was launched.

Can I buy VeChain on Bitget?

Yes, VeChain is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in VeChain?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy VeChain with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is Vechain a good investment?

VeChain (VET) sets itself apart in the saturated cryptocurrency landscape by being purpose-built for tangible, real-world applications. This inherent design philosophy has garnered VeChain substantial traction among mainstream businesses. The growing adoption of VeChain's unique solutions could act as a catalyst, propelling the VET price to higher levels and spotlighting it as a noteworthy investment opportunity.

What is VeChain price prediction?

According to the technical analysis of VeChain prices expected in 2023, the minimum cost of VeChain will be $$0.020. The maximum level that the VET price can reach is $$0.023. The average trading price is expected around $$0.021 This text is initially created by the Changelly team.

What determines Vechain value and price?

Beyond its enterprise appeal, the VeChain blockchain is emerging as a vibrant hub for decentralized applications (dApps). The influx of developers eager to leverage its robust infrastructure, coupled with a growing user base, can amplify on-chain activity. This surge in utilization can, in turn, further boost the value of VET. Market sentiment plays a pivotal role in shaping the trajectory of major cryptocurrencies, and VeChain is no exception. As one of the formidable players in terms of market capitalization, VET's price dynamics are closely tied to the collective mood of the investor community. An optimistic sentiment can uplift investor confidence, driving increased demand for VET, and propelling its price upwards. Given its practical applications and the potential for widespread adoption, VeChain (VET) might just be the missing piece in your cryptocurrency portfolio puzzle.

Is Vechain Open Source?

Is VeChain open source? As an open-source project, vechain has a lively community that has proposed many features such as fee delegations and user identification. There are four types of VIPs: core, application, interface, and information.

Is Vechain a Chinese coin?

VeChain was started as a subsidiary of Bitse, a Chinese blockchain company. The cryptocurrency was developed as a modified fork of Ethereum. Therefore, VeChain (VEN) token was initially used to function on the Ethereum blockchain.

What makes Vechain unique?

Initially built on Ethereum, VeChain transitioned to its own platform, the VeChainThor blockchain, for enhanced flexibility and innovation. VeChainThor stands out in the smart contract arena due to its superior efficiency and lower energy consumption, thanks to its master node-based consensus. This move not only underscores VeChain's commitment to sustainable blockchain solutions but also positions it as a top choice for eco-conscious businesses and developers.
Cryptocurrency investments, including buying VeChain online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy VeChain, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your VeChain purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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