About VeChain (VET)
Launched in 2018, VeChain is a blockchain platform utilizing proof-of-authority (PoA) to optimize data transfer and supply chain management. Designed for enterprise use, it enhances transparency and efficiency in globalized industries. Major clients include Walmart, BMW, and LVMH. The ecosystem features two tokens:
– VET (VeChain Token): The primary asset for value transfer.
– VTHO (VeChainThor): Used to power smart contracts and transactions.
👉 Explore how VeChain compares to other enterprise blockchains
VeChain (VET) Market Performance
Current Stats (as of latest data)
- Price: $0.0203 USD
- 24h Change: −0.12%
- Trading Volume: $28.69M
- All-Time High (ATH): $0.2823 (April 17, 2021)
- All-Time Low (ATL): $0.0014 (March 13, 2020)
Historical Trends
- 1-Week Performance: −5.49%
- 1-Month Performance: −17.47%
- 1-Year Performance: −25.03%
Technical Analysis
Key Indicators
| Indicator | Signal |
|---|---|
| Oscillators | Neutral |
| Moving Averages | Sell |
| Volatility | 6.47% |
📊 Summary: Technical ratings suggest a short-term sell signal, but long-term prospects may vary.
👉 Discover advanced crypto trading strategies
Frequently Asked Questions (FAQs)
1. Where can I buy VeChain (VET)?
Trusted exchanges include Binance, Coinbase, and Kraken. Connect via a broker to trade directly from charts.
2. Is VeChain a good investment?
Crypto markets are volatile. Analyze technical ratings, market trends, and project fundamentals before investing.
3. What is VTHO used for?
VTHO fuels smart contracts and transactions on the VeChainThor blockchain, acting as a “gas” token.
4. How does VeChain improve supply chains?
By providing real-time, tamper-proof data for logistics, authenticity verification, and quality control.
5. What is VeChain’s max supply?
86.71 billion VET, with no additional coins to be minted.
6. How can I track VeChain’s price?
Use crypto heatmaps and price alerts for live updates.
Related Cryptocurrencies
Explore similar enterprise-focused blockchains:
– Chainlink (LINK)
– Hedera Hashgraph (HBAR)
– Stellar (XLM)
Final Thoughts
VeChain’s real-world adoption and dual-token model make it unique, but market volatility demands careful analysis. Stay updated with news feeds and community discussions to make informed decisions.
📌 Pro Tip: Diversify your portfolio and never invest more than you can afford to lose.
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