VeChain Price VET

#93

$0.0076

-3.03%

Buy Now

Price Information

1 Year Change

-76.61%

All Time High

$9.55 -99.92%

Volume 24h

0.0 B $ -9.67%

Market Cap

0.7 B $ -3.03%

Buy Now

Price Alert

Create a price alert and never miss the best entry time again

Set Price Alert

About VeChain

VET Price Pulse: What’s Moving It?

VeChain (VET) is currently priced at $0.0075, experiencing a 3.63% decline in the past 24 hours. With a market capitalization of approximately $648 million, VET remains a notable player in the blockchain space, particularly in supply chain management solutions. The recent price drop may be attributed to a combination of factors including broader cryptocurrency market volatility, profit-taking by investors, and perhaps a general risk-off sentiment amid macroeconomic uncertainties.

Moreover, technical market factors such as trading volume and market sentiment play a critical role in short-term price fluctuations. VeChain’s partnerships and network developments also impact investor confidence and thereby its price. In essence, VET’s price movement reflects both external market pressures and internal project developments.

VET Price Catalysts: Bull Case & Bear Case

Bull Case: VeChain’s strength lies in its real-world use cases, primarily its blockchain technology for enhancing transparency and efficiency in supply chains. Strong enterprise adoption, new partnerships, and upgrades to its blockchain protocol could drive long-term value. The rising importance of blockchain in business applications positions VET well for future growth. Investors bullish on the project expect ongoing technological development, increased token utility, and expanding global adoption to bolster the price.

Bear Case: On the downside, VeChain faces significant competition from other blockchain platforms targeting similar enterprise solutions. Regulatory uncertainties and the broader cryptocurrency market downturn can also weigh on its price. If VeChain fails to achieve widespread adoption or deliver on its technical promises, investor interest might dwindle. Additionally, since VET is relatively low priced, it might be more vulnerable to large sell-offs and market manipulation, increasing volatility risk for retail investors.

Frequently asked questions

Why is VeChain going down right now?

VeChain's recent decline of 3.63% in 24 hours is likely due to a mix of broader market volatility, profit-taking by traders, and shifting investor sentiment triggered by macroeconomic factors and competition within the blockchain space.

What is the current price of VeChain (VET)?

VeChain is currently priced at $0.0075.

What is VeChain’s market capitalization?

VeChain’s market capitalization stands at approximately $648 million.

What are the main use cases of VeChain?

VeChain primarily focuses on providing blockchain solutions for supply chain management, enhancing transparency, traceability, and efficiency in enterprise operations.

What could drive VeChain’s price up in the future?

Price drivers include strong enterprise adoption, strategic partnerships, protocol upgrades, and increased use of its blockchain technology in real-world applications.

What risks should retail investors consider before investing in VET?

Investors should be mindful of competitive pressures, regulatory uncertainties, market volatility, and the possibility that VeChain may not achieve widespread adoption or meet technical milestones.

Popular VeChain Exchanges

View All

eToro is a multi asset social trading platform. Its standout feature is copy trading, letting you mimic successful investors. User-friendly and regulated, it’s great for both beginners and experienced traders.

Rating:

3.2

Reviews:

Neverless is a new crypto trading platform created by former Revolut executives. It’s fully regulated in Europe and aims to make crypto more accessible by offering commission-free trading, competitive pricing, and support for over 700 cryptocurrencies. Users can also earn high yields on their assets and quickly buy crypto using Apple Pay or Google Pay.

Bitget, founded in 2018 during a crypto downturn, is a global exchange focused on user-centric innovation. With roots in traditional finance, its team saw blockchain’s potential early on. Today, Bitget aims to make crypto trading more accessible while promoting long-term industry growth.

Crypto.com is a global cryptocurrency platform that lets users buy, sell, and trade digital assets. It offers a secure wallet, a crypto-backed Visa card, staking, DeFi services, and various financial products designed to make crypto accessible for everyday use.

Rating:

2.9

Reviews:

Kraken.com is one of the world’s largest and longest-standing cryptocurrency broker trading platforms. Founded in 2011 and headquartered in the U.S., it provides users with access to a wide range of digital assets such as Bitcoin, Ethereum, and many altcoins.

Rating:

3.9

Reviews:

Coinbase is a digital asset broker headquartered in San Francisco, offering exchanges of Bitcoin, Ethereum, and other crypto assets in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Rating:

3.5

Reviews:

ChangeNOW is a popular, user-friendly cryptocurrency exchange platform known for its fast, non-custodial swaps, allowing users to trade over 1,500+ digital assets without mandatory registration or limits.

Rating:

4.6

Reviews:

Binance is the world’s leading blockchain ecosystem, with a product suite that includes the largest digital asset exchange. Their mission is to be the infrastructure provider for crypto in tomorrow’s world.

Rating:

3.4

Reviews: