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BTCC/ Crypto Prices / VeChain (VET)
VeChain

VeChain Price VET

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$0.008058
$0.000006 +0.07%
1D7D1M3M1Y YTD All

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VeChain Today's Price

The real-time price of VeChain today is $0.008058（VET/USD）, with a market capitalization of $709.81M USD. The 24-hour trading volume is $26.28M USD. The price of VET to USD updates in real time. Over the past 24 hours, VeChain has changed by +0.07%, with a circulating supply of 85.99B.

Buy VeChain

About VeChain

VeChain Token (VET) is a cryptocurrency and smart contracts platform focused on supply chain management. It is the native governance and utility token that underpins the VeChainThor blockchain network and overall VeChain ecosystem. VET holders can contribute to the security and consensus of the network by holding VET within different nodes within the VeChainThor blockchain (AM’s, XN’s, EN’s).

 

What is VeChain?

Sunny Lu, a former chief information officer (CIO) of Louis Vuitton China, and Jay Zhang co-founded the blockchain platform VeChain in 2015 with the goal of improving supply chain management using distributed ledger technology (DIT). At first, they used a token crowdsale to raise $20 million for the VEN cryptocurrency, which was launched on the Ethereum platform. After the launch of VeChainThor, the company’s own blockchain, VET supplanted VEN in a 1:1000 ratio.

The primary objective of the VeChain platform is to alleviate supply chain problems and make information management easier for companies. Smart chips that monitor the flow of a supply chain are fundamental to VeChain’s objective. Connected to a distributed ledger, these provide the highest level of trustworthiness, openness, and security. As an example, VeChain and Renault developed an immutable digital vehicle maintenance book to protect confidential repair information.

As a secondary objective, VeChain aspires to dominate the decentralised application (DApp) space, pioneer ICOs, and serve as an intermediary for the Internet of Things (IoT).

Two tokens, VET and VTHO, make up the VeChain wallet. For all smart contracts on the VeChain network, the “smart money” that settles them is the VET token. Anyone can purchase and put money into VET. For transactions on the VeChain network, you’ll need the VeChainThor Energy token, which goes by the acronym VTHO.

 

How Does VeChain Work?

Among the most well-known platforms that utilize the Proof of Authority (PoA) consensus system, VeChain stands out. To verify the legitimacy of transactions and the generation of new blocks, PoA uses identity as a stake. Due to the reputational nature of their job, validators have an incentive to keep the transaction process running smoothly. Anyone with a valid VET credential who wants to become a validator must reveal their identify; remaining anonymous is not an option. Quicker transaction times are a result of PoA’s lack of energy consumption and need for a minimum number of validators, in contrast to consensus algorithms like Proof of Work (PoW).

Price History of the VeChain

Many see VeChain, like other cryptocurrencies, as an extremely risky investment. There is no foolproof method to forecast the future value of VET because its price has risen and fallen over its lifetime. Before putting your money into cryptocurrency, you should, as usual, perform your own study.

Starting in 2018 with its introduction on the VeChainThor platform, the price of VET remained very stable around €0.005 until early 2021. The price skyrocketed beginning in January 2021 and hitting a new all-time high of €0.19 twice that year (in April and May). Once again, the price fell sharply and has not recovered to its previous high. As of right now, the average daily high and low for VET trades are €0.0244 and €0.0227, respectively. A total of 86,712,634,466 VET tokens will ever be in circulation.

 

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VeChain FAQ

Why is VeChain going up?

VeChain's price is increasing due to demand outstripping supply, fueled by widespread adoption, positive news, and investor optimism. For in-depth analysis, visit our BTCC Academy.
 

Is VeChain a good investment based on its price history?

VeChain(VET) has historically grown over time but is volatile. Investment depends on risk tolerance and long-term strategy.

When will VeChain crash again?

Predicting the exact timing of a VeChain crash is impossible, as the market is influenced by a complex mix of global economics, regulation, and investor sentiment.

 

For a long-term investor, understanding this cyclical nature is more valuable than trying to time the next crash. Also visit the BTCC Academy section for technical and marketing information.

What was VeChain’s all-time low (ATL)?

The VeChain All-Time Low (ATL) price was 0.00167765732958, recorded on 2020-03-13 02:30. This stands as the lowest price for VeChain(VET) on record.
 

What was VeChain’s all-time high (ATH)?

The VeChain All-Time High (ATH) was $0.278216, recorded on 2021-04-17 01:10. This represents the highest price VeChain has ever reached. Please note that this is a historical record, and the live price fluctuates constantly. We recommend monitoring the live VET price for the most up-to-date information.

How many VeChain are there?

VeChain(VET) currently has a circulating supply of 85.99B, with its maximum supply capped at 86.71B.
 

What is the current market cap of VeChain(VET)?

The current market cap of VeChain(VET) is $709.81M. The market cap of a cryptocurrency refers to its total circulating supply multiplied by its current price.

What is VeChain's 24h trading volume?

VeChain's 24h trading volume is $26.28M, representing the total value of all VeChain(VET) bought and sold across exchanges in the past 24 hours.

What is the current price of VeChain(VET)?

The current VeChain price is $0.008058. As the VET price changes constantly, BTCC offers real-time VET to USD prices that can be accessed at the top of our crypto price page.

How to Buy VeChain: A Quick Guide?

VeChain can be purchased directly on BTCC using fiat currency or other cryptocurrencies. As a leading crypto futures exchange, BTCC offers over 350 futures contracts with flexible leverage of up to 500x, including VETUSDT.

Global Prices

VET/EUR EUR | €0.006820 VET/CAD CAD | C$0.011018 VET/GBP GBP | £0.005919 VET/HKD HKD | HK$0.062960 VET/KRW KRW | ₩11.78 VET/JPY JPY | ¥1.27 VET/AUD AUD | A$0.011486 VET/SGD SGD | S$0.010249 VET/CHF CHF | CHF0.006250 VET/INR INR | ₹0.729858 VET/TRY TRY | ₺0.351417

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