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VeChain priceVET

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VET
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1 VET = 0.02455 USD
Last updated 2024-06-24 13:03:18(UTC-0)
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VeChain price live data summary

The live price of VeChain is $0.02455 per (VET / USD) today with a current market cap of $1.99B USD. The 24-hour trading volume is $36.76M USD. VET to USD price is updated in real time. VeChain is -5.27% in the last 24 hours. It has a circulating supply of 80,985,040,000 .

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.
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VeChain price prediction

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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 Strong sell.
According to the VET 1d technical analysis, the trading signal is Strong sell.
According to the VET 1w technical analysis, the trading signal is Strong sell.

What will the price of VET be in 2025?

Based on VET's historical price performance prediction model, the price of VET is projected to reach $0.03439 in 2025.

What will the price of VET be in 2030?

In 2030, the VET price is expected to rise by +4.00%. By the end of 2030, the VET price is projected to reach $0.06546, with a cumulative ROI of +166.65%.
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VeChain price performance in USD

24h7d30d90d1yAll-time
-5.27%-10.96%-30.41%-46.50%+33.67%+16222.06%
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VeChain price history in USD

TimeLowHigh
24h$0.02409$0.02593
7d$0.02409$0.02755
30d$0.02409$0.03722
90d$0.02409$0.05141
1y$0.01467$0.05477
All-time$0.001678(2020-03-13, 4 years ago )$0.2782(2021-04-17, 3 years ago )
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VeChain market information

Market cap
$1,988,117,053.2
-5.27%
Fully diluted market cap
$2,128,724,821.33
-5.27%
Volume (24h)
$36,763,741.28
+48.52%
Market rankings
Circulation rate
+94.00%
24h volume / market cap
0.0184
Circulating supply
80,985,040,000 VET
Total supply / Max supply
85.99B VET
-- VET
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VeChain ratings

Average ratings from the community
4.4
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 3.2, and the social media sentiment towards VeChain price trend was Bullish. The overall VeChain social media score was 2,505,387, which ranks 41 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with VeChain being mentioned with a frequency ratio of 0.05%, ranking 50 among all cryptocurrencies.

In the last 24 hours, there were a total of 1,207 unique users discussing VeChain, with a total of VeChain mentions of 576. However, compared to the previous 24-hour period, the number of unique users increase by 1%, and the total number of mentions has decrease by 10%.

On Twitter, there were a total of 31 tweets mentioning VeChain in the last 24 hours. Among them, 26% are bullish on VeChain, 3% are bearish on VeChain, and 71% are neutral on VeChain.

On Reddit, there were 62 posts mentioning VeChain in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 2% .

All social overview

Average sentiment (24h)
3.2
Social media score (24h)
2.51M(#41)
Social contributors (24h)
1.21K
+1%
Social media mentions (24h)
576(#50)
-10%
Social media dominance (24h)
0.05%
X
X posts (24h)
31
+417%
X sentiment (24h)
Bullish
26%
Neutral
71%
Bearish
3%
Reddit
Reddit score (24h)
384
Reddit posts (24h)
62
-2%
Reddit comments (24h)
0
0%

About VeChain(VET)

What Is VeChain?

VeChain is a public blockchain platform designed specifically for enterprise use. By leveraging distributed ledger technology (DLT), VeChain aims to create a trust-free and distributed business ecosystem that facilitates transparent information flow, efficient collaboration, and high-speed value transfers. Established in 2015 by Sunny Lu, a former CIO of Louis Vuitton China, VeChain has rapidly evolved to become a prominent player in the blockchain space, particularly in enhancing supply chain operations.

VeChain's primary objective is to provide enterprises with a robust and scalable infrastructure for tracking products and sharing data across the supply chain. The platform utilizes a combination of blockchain technology, IoT devices, and smart contracts to offer real-time, immutable data that can be accessed by all authorized parties. This ensures transparency, reduces fraud, and improves efficiency in supply chain operations, making it a valuable tool for industries ranging from luxury goods to agriculture, logistics, and even government services.

Resources

Official Documents: https://www.vechain.org/whitepaper/

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

How Does VeChain Work?

VeChain operates on its own blockchain, known as VeChainThor, which is tailored to meet the needs of enterprise users. The VeChainThor blockchain uses a Proof of Authority (PoA) consensus mechanism, which is both energy-efficient and scalable. Unlike Proof of Work (PoW) systems that require extensive computational power, PoA relies on a small number of authorized validators to secure the network. These validators, known as Authority Masternodes, are selected based on their credibility and must undergo a thorough KYC (Know Your Customer) process.

One of the standout features of VeChain is its dual-token system. The primary token, VeChain Token (VET), is used to transfer value across the network and generate VeThor Token (VTHO). VTHO is utilized to pay for transaction fees, thereby decoupling the cost of using the network from market speculation. This system ensures stable transaction fees and incentivizes users to hold VET tokens, which in turn generates VTHO as a reward.

VeChain also incorporates advanced meta-transaction features to enhance user experience and enterprise adoption. These include fee delegation, which allows a designated account to cover transaction fees, and controllable transaction lifecycles, enabling users to set expiration dates for transactions. Additionally, the platform supports multi-task transactions, allowing multiple payments to be processed in a single transaction, and transaction dependency, which ensures transactions are only executed if related transactions are completed.

In practical applications, VeChain uses smart chips, Radio Frequency Identification (RFID) tags, and QR codes to track products throughout their lifecycle. Data collected at each stage is recorded on the blockchain, providing all stakeholders, including end consumers, with access to real-time information about the product's journey. This transparency not only enhances product authenticity but also boosts consumer confidence and reduces the risk of fraud.

What Is VET Token?

VET is the primary token of VeChain, serving multiple functions within the network. VET is primarily used to store and transfer value across the VeChainThor blockchain. It also plays a crucial role in the platform's governance, as VET holders can vote on key decisions affecting the network. By holding VET, users also generate VeThor Tokens (VTHO) as rewards, which are used to pay for transaction fees and smart contract execution.

What Determines VeChain’s Price?

The price of VeChain (VET) is influenced by a combination of factors including market supply and demand, the latest news, and overall cryptocurrency trends. As a prominent blockchain platform tailored for enterprise solutions and Web3 integration, any significant partnership announcements, technological advancements, or updates in cryptocurrency regulation can impact VET's value. Monitoring cryptocurrency charts and market volatility is crucial for investors, as these elements can cause rapid price fluctuations. Additionally, the broader acceptance of blockchain technology and Web3 applications also plays a critical role in shaping VeChain's market performance.

Market sentiment and cryptocurrency price predictions also significantly affect VeChain's price. Positive news about its adoption as the best crypto investment for 2024 and beyond can drive demand higher. Conversely, potential cryptocurrency risks and negative developments can lead to price declines. Investors often rely on cryptocurrency price predictions and market analysis to make informed decisions, considering both the potential rewards and the inherent risks of investing in VET amidst a highly volatile market landscape.

For those interested in investing or trading VeChain, one might wonder: Where to buy VET? You can purchase VET on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

Related Articles about VeChain:

VeChain (VET): Transforming Industries Through Stellar Partnerships And Real-World Utility

How to buy VeChain (VET)

Buying VeChain on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy VeChain (VET) .

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 $0.02455, with a 24h price change of -5.27%. 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.

VeChain news

See more
This New DAO Could Make VeChain the Hottest Blockchain in 2024

This New DAO Could Make VeChain the Hottest Blockchain in 2024

Coinedition2024-06-19 15:37
New dApp on VeChain Incentivizes Used Cooking Oil Recycling

New dApp on VeChain Incentivizes Used Cooking Oil Recycling

Coinedition2024-06-18 16:46
VeChain’s VeBetterDAO: The Web3 Sustainability Project You Need to Know About

VeChain’s VeBetterDAO: The Web3 Sustainability Project You Need to Know About

Coinedition2024-06-17 17:55
VeChain’s Sunny Lu: Tackling Waste and a Wobbly Crypto Price

VeChain’s Sunny Lu: Tackling Waste and a Wobbly Crypto Price

Coinedition2024-06-12 14:40
VeChain’s VET and VTHO Tokens Now Tradable on Revolut

VeChain’s VET and VTHO Tokens Now Tradable on Revolut

Coinedition2024-06-11 17:31

FAQ

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 $36.76M.
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 VeChain 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.
Buy VeChain for 1 USD
A welcome pack worth 1000 USDT for new Bitgetters!
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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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