Vechain Price
(VET)
USD($)
Vechain (VET) Live Price Chart
Overview
About
Analysis
FAQ
Vechain Live Price Data
The live price of Vechain is $0.04535, with a total trading volume of $ 4.69M in the last 24 hours. The price of Vechain changed by -5.37% in the past day, and its USD value has decreased by -18.99% over the last week. With a circulating supply of 80.99B VET, the market cap of Vechain is currently 3.67B USD, marking a --% increase today. Vechain currently ranks #28 in market cap.
How do you feel about Vechain today?
Note: This data is for reference only.
Vechain(VET) Profile
Rank28
BBBExpand 
Website
Documentation
Explorer
Contract
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Audited By
- https://www.slowmist.com/security-audit-certificate.html?id=97da4e2fbce7a8fa09f793cc0963dcf38edd5634c91cd886d3d79e6f89fa928a
- https://github.com/slowmist/vechain-core-nodes-security-checklist
Code & Community
Investors
- Fenbushi Capital
- LD Capital
- Draper Dragon
$0.04446
$0.05094
- ATH
- $0.27804
- Price Change (1h)
- +1.36%
- Price Change (24h)
- -5.37%
- Price Change (7d)
- -18.99%
- Market Cap
- $3.67B
- 24h Volume
- $4.69M
- Circulating Supply
- 80.99B
- Max Supply
- 86.71B
About VET
How can I buy Vechain (VET)?
Buying VET on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Vechain (VET) for more information. What is VeChain (VET)?
VeChain is a public blockchain using the proof of authority consensus mechanism and supporting smart contract functionality. It offers a robust and highly accessible decentralized platform for developing dApps across multiple areas, including enterprise applications.
VET is one of two native digital assets of the VeChainThor public blockchain and is used to generate or mint VTHO, the second token. VeThor Token (VTHO) can be used as a store of value and for paying transaction fees.
VeChain’s creator and co-founder, Sunny Lu, was the former CIO of Louis Vuitton China. The other co-founder of the project, Jay Zhang, formerly worked with Deloitte and PwC before joining hands with Sunny Lu to develop the VeChain network.
VeChain aims to drive mass adoption of blockchain technology and smart contracts, making it cheaper, more efficient, and more accessible for mainstream use. Having launched in 2015, it is one of the oldest and most established blockchain networks that supports smart contracts.
VeChain offers an innovative way to use blockchain technology to improve global supply chain management through the use of RFID tags and sensors. The technology can transform supply chains to make them completely transparent and increase accountability among all stakeholders.
How Does VeChain Work?
The VeChainThor blockchain utilizes a proof of authority consensus algorithm, ensuring that nodes have to be authorized to participate in validating transactions and creating new blocks. The PoA consensus gives all nodes fair chances to add new blocks and generate rewards, making it a far more efficient and democratized network to run.
VeChain also offers true decentralization by providing governance for its community of VET token holders. Users who stake VET on the blockchain can contribute to the governance process by voting on proposals and submitting new proposals about upgrading the ecosystem and shaping its evolution.
The VeChain blockchain network is EVM and Web3 compatible. This means it can support decentralized applications (dApps) designed to run on Ethereum, offering a cheaper and faster infrastructure to deploy decentralized apps initially created for the Ethereum blockchain.
The development and maintenance of the blockchain infrastructure are overseen by the VeChain Foundation, a non-profit organization headquartered in Singapore. It is responsible for managing the Layer-1 smart contract platform and fosters the adoption of its technology among enterprises, developers and users worldwide.
What Can VeChain’s VET Be Used For?
The VET crypto was originally known as the VEN token, functioning as an ERC-20 token on the Ethereum blockchain. It then evolved into VET, one of two tokens within the VeChainThor public blockchain. The VeChain (VET) cryptocurrency has several uses, including:
Pay for Transactions
Smart contracts that execute on the VeChain platform use VET tokens to pay for transactions within the ecosystem. The VET token powers all kinds of transactions taking place within the blockchain.
Payment Method
Users can transfer payments on the VeChain network using the VET crypto. They also use VET to pay transaction fees for using the network infrastructure for conducting transactions or transfers of payments. The VeChain cryptocurrency functions like ETH because it is used to pay “gas” fees on the blockchain.
Governance Token
VET holders can participate in the governance of the VeChain ecosystem, enjoying voting rights and contributing to how the network evolves. VeChain gives additional voting power to VET holders who have completed their KYC formalities.
Receive Rewards for Validating Transactions
Authority masternodes within the blockchain have the power to validate transactions and generate new blocks that receive rewards in VTHO by burning VET for their efforts. Their participation makes the blockchain more efficient, resilient, and secure; in return, they create a stream of revenue for their contributions.
Crypto Asset to Trade and HODL
The VeChain token is one of the top cryptocurrencies by market cap and is among the more established digital assets in the market, having been around for several years. It is an attractive asset to invest in, trade against other cryptocurrencies, or hold in the long-term if you believe in the potential of the VeChain network. Remember to review the real-time VeChain price, VET market cap, 24-hour trading volume, circulating supply, and news before you trade VeChain.
Earn Passive Income
You can also invest in VET and use it to generate a stream of passive income via staking and lending liquidity. Several DeFi platforms support VET staking, but we recommend that you perform careful research before selecting the right option.
You can also earn attractive returns on your VeChain holdings in a risk-free manner on KuCoin via the Crypto Lending feature. This section lets you lend liquidity in VET to KuCoin, letting you earn a daily interest rate over seven days, 14 days, or 28 days.
Vechain (VET) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.00266 | -5.54% |
| 7 Days | $-0.01063 | -18.98% |
| 30 Days | $0.0137 | 43.28% |
| 3 Months | $0.02195 | 93.81% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
Vechain Conversion Rate
FAQ
How much is 1 Vechain (VET) worth?
KuCoin provides real-time USD price updates for Vechain (VET). Vechain price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time VET to USD exchange rates. Is VeChain (VET) a Good Investment?
One of the most significant advantages VET has over several other platforms in the crypto market is that VeChain was designed for real-world use. The high traction of VeChain’s offerings among mainstream businesses and the uptick in its adoption could send the VET price upwards, making it a valuable investment to consider.
In addition to enterprise applications, the VET price statistics could also enjoy support from the development of more dApps on its platform. As more developers and users flock to the blockchain, the increase in uptick activity could also drive the price of VET upwards.
As one of the largest cryptos by market cap, the VeChain price is heavily influenced by market sentiment. A bullish mood among investors could increase the confidence of buyers to invest in VET and make it trend upward, making it worth adding to your crypto portfolio.
How High Can VeChain Go?
While it is impossible to offer an accurate VeChain price prediction over any duration based on its past performance, the fundamentals look promising for the crypto project in the long run. Backed by prominent partners from mainstream industries, VeChain enjoys significant interest from established brands, including BMW, PwC, and Walmart China. The VET price has several reasons to hear higher whenever the crypto market performs in the green.
As of June 2022, VET/USDT trades well below its all-time high price based on an analysis of its price history. However, a rebound in market sentiment coupled with rising interest among enterprises and developers to build dApps using the blockchain’s technology could help VeChain price reclaim its former highs.
Positive fundamentals could not only help VET price bounce back to over $0.27 - its ATH, but also drive it further higher in the future. There is hope for the cryptocurrency, given that its price remains well above its all-time low despite bearish market conditions weighing on digital assets as of June 2022.
How to Stake VeChain (VET)
You can stake VeChain on DeFi platforms or digital wallets that list the token under this service. You can also stake directly on the VeChain network to run your Masternode and contribute to securing the blockchain, receiving rewards in return for your efforts.
Let’s take a look at how to stake VET on VeChain:
1. Create an account on the official VeChain wallets - Sync (for desktop) or VeChainThor wallet (for mobile users). You can store your VET tokens in either of these wallets to stake VET and monetize on your holdings.
2. Buy VET crypto on KuCoin or any other exchange that lists VeChain for trading. Copy your VeChain wallet address and withdraw funds from your exchange into it to add VET to your wallet.
3. Sit back and earn rewards for staking VET after transferring them into your wallet. You can earn rewards in VTHO tokens in your VeChain wallet simply by holding VET.
How to Send VeChain VET to Ledger Nano X Wallet
VeChain (VET) is supported on the Ledger Nano X wallet, one of the most secure digital wallets for crypto enthusiasts. Follow the steps given below to transfer and store your VET holdings in your Ledger wallet:
1. Download and install the Ledger Live application on your computer.
2. Open to application and connect your Ledger Nano X via the Manager function. Ensure that your Nano X firmware is up to date for maximum security and efficiency.
3. Look for the VeChain app in the App Catalog within Ledger Live.
4. Install the VeChain app on Ledger Live and into the Nano X wallet.
5. Use the Sync desktop wallet of VeChain to create an account and connect it to the Ledger Live interface.
6. Copy the Sync wallet address and import it into your Ledger VeChain account to store your VET securely on your Ledger Nano X wallet.
7. You can transfer your VET tokens into your Sync account and have them appear in your Ledger VeChain account after establishing the connection.
What is the all-time high price of Vechain (VET)?
The all-time high price of Vechain (VET) is $0.27821. The current price of VET is down 83.69% from its all-time high.
What is the all-time low price of Vechain (VET)?
The all-time low price of Vechain (VET) is $0.00167. The current price of VET is up 2,604.96% from its all-time low.
How much Vechain (VET) is there in circulation?
As of 12 22, 2024, there is currently 80.99B VET in circulation. VET has a maximum supply of 86.71B.
What is the market cap of Vechain (VET)?
The current market cap of VET is $3.67B. It is calculated by multiplying the current supply of VET by its real-time market price of $3.67B.
How do I store Vechain (VET)?
You can securely store your Vechain in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your VET include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Usual (USUAL) to cash?
You can instantly exchange your Usual (USUAL) for cash using KuCoin's Fast Trade feature. This feature enables you to convert USUAL to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.