VeChain Price for today is $0.0058044524. Its current circulating supply is VET 86,712,634,466 with a market cap of $321,884,369.
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Currently, VeChain (VET) is trading at $0.0058 with VET price 0.58% down today. The market cap of VeChain is USD 321,884,369 with 55,454,734,800 vet circulating currently. The 24-hour price movement chart indicates that $13,059,157 worth of VET were trading. The price peaked to $0.0059 in the last 24 hours while the lowest price was $0.0057.
VeChain price prediction suggest that the VeChain price is up for a long-term 6608.470897% in the VET price value with a 5-year investment. This means that in the year 2023, the VeChain price is forecasted to stand at $0.38939 . You can keep track of VeChain’s progress by adding it to your wallet portfolio.
VeChain is focused on building a blockchain-based platform that is not limited to the digital world and can seamlessly integrate with actual business ecosystems. This has raised the profile of this coin towards better and secure real world business applications. Moreover, it can cooperate with 3rd party services also. This irrevocably has increased the potential of the cryptocurrency. It is always best to avail a real-time price prediction of the VET coin like the one below from CoinSwitch. Users can review the forecast of the coin as and when fluctuations happen and make informed decisions.
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Cryptocurrency has been nothing if not revolutionary, controversial and on the tip of everyone's tongue as of last year. CoinSwitch, the first cryptocurrency and altcoin exchange aggregator, invites you to be a part of this consensus! Built on a highly-renowned trust exchange, CoinSwitch is a seamless experience of reliable and secure exchanges available on the cryptocurrency market. Unlike other exchanges, CoinSwitch aggregates and compares amongst the best exchanges, allowing benefactors to buy VET or any other cryptocurrency.
Use our comparison tool to buy VeChain VET in exchange for Bitcoin, Ethereum, Litecoin, Monero and many others. Benefactors can also sell VET to obtain a cryptocurrency of their choice from among the exchange’s over 300 cryptocurrencies, with a possible 45,000 exchange pairings. In order to buy VET cryptocurrency and be a part of VET exchange using CoinSwitch, benefactors must have a cryptocurrency wallet address.
They can do so by setting up a stable wallet version of a cryptocurrency they so desire and will obtain unique address and a “private key” for their wallet. CoinSwitch will never ask benefactors for their private key. Exchanges in a VET trade are done between sender and receiver wallet addresses.
The VeChain VET token launched on the 26th of November last year and has already seen a growth of over 2200%, with an all-time high of over $9.00 mid-January. Vechain is a blockchain platform designed for information and products, providing an all-round-view of a product and linked business operations such as supply chain management, with a view to enhance transparency between the producers and consumers.
As stated in its white papers, VeChain Cryptocurrency plans to 'build a distributed and trust-free business ecosystem, which is self-circulating and scalable,' with the help of blockchain technology. VET uses the PoA, or Proof-of-Authority, mechanism where 'cashiers' are allocated scores based on their history and financial power in the network. VET is soon to re-brand itself into VeChain Thor (VET), a product that allows businesses to track products through the blockchain, which has launched only recently!
Currently, VET is an ERC-20 token, meaning it runs on the Ethereum blockchain. Unlike BTC, LTC, Ripple or Monero, which focus on consumer-based aspects of society, utility tokens like VET and WTC (Walton Chain) focus on subverting industry-specific problems using blockchain technology. VeChain has partnered with industrial giants such as PwC, Kuehne & Nagel, Renault and even the Chinese Government! As of the 26th of May, VeChain announced its biggest partnership to-date, one with automobile giants BMW. With this versatile blockchain, it will be easier for investors to accrue ROI, and the coin should see continual growth in the coming months.
If you are new to crypto trading, it's always advisable to learn about, what is VeChain, it's benefits and indicative return on investment.