VeChain Price VET

#86

$0.0112

-3.46%

Buy Now

Price Information

1 Year Change

-80.05%

All Time High

$9.55 -99.88%

Volume 24h

0.0 B $ 26.10%

Market Cap

1.0 B $ -3.46%

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 trading at $0.0112, experiencing a 3.89% decline over the past 24 hours. With a market capitalization of approximately $966.8 million, VeChain remains a notable player in the blockchain and supply chain technology space. Several factors influence VET’s price fluctuations. Investor sentiment in the broader cryptocurrency market is currently cautious, leading to modest sell-offs across altcoins including VET. Additionally, global macroeconomic pressures, such as concerns over inflation rates and regulatory uncertainties around digital assets, contribute to increased volatility.

VeChain’s price movements are also linked to its adoption milestones, partnerships, and network developments. Any announcements about technological upgrades or strategic collaborations tend to impact investor confidence positively. Conversely, delays or negative news in these areas may weigh on the token’s performance. Given the competitive landscape of blockchain platforms and supply chain solutions, VET’s price is sensitive to both internal project developments and external market dynamics.

VET Price Catalysts: Bull Case & Bear Case

Bull Case: VeChain’s unique value proposition lies in its focus on real-world supply chain solutions powered by blockchain technology. If VeChain continues securing high-profile partnerships with multinational corporations and governments, it could drive greater demand for VET tokens, pushing prices upward. Furthermore, increased adoption of blockchain for transparency and traceability in industries such as luxury goods, pharmaceuticals, and agriculture may bolster VeChain's utility and network activity. Technological innovations, such as improvements to the VeChainThor blockchain’s scalability and security, would also enhance investor confidence and foster price appreciation.

Bear Case: On the downside, VeChain faces intense competition from other blockchain projects targeting supply chain management and enterprise adoption. If competitors produce superior technology or secure more influential partnerships, VeChain could lose market share, negatively affecting demand for VET. Additionally, regulatory crackdowns on cryptocurrencies, particularly in jurisdictions where VeChain operates or has partnerships, could limit growth prospects. Persistent market downturns or a general decline in risk asset appetite might lead investors to reduce exposure to altcoins like VET, accelerating price decreases. Potential technical setbacks or network issues could also damage investor trust in the platform.

Frequently asked questions

Why is VeChain going down right now?

VeChain's recent price decline is influenced by broader market trends including investor caution amidst economic uncertainties, paired with typical volatility seen across altcoins. No specific negative news about VeChain has been reported, but general market sentiment and profit-taking likely contribute to the current downturn.

What factors could drive VeChain's price up in the near future?

Positive developments such as new enterprise partnerships, increased adoption of VeChain’s supply chain solutions, blockchain upgrades, and favorable market conditions could spur price increases.

How does VeChain differ from other blockchain projects?

VeChain focuses specifically on integrating blockchain technology with real-world supply chain management to improve transparency, traceability, and efficiency, setting it apart from general-purpose blockchains.

Is VeChain a good investment for retail investors?

VeChain may offer growth potential due to its niche market focus, but like all cryptocurrencies, it carries risks related to volatility, competition, and regulatory changes. Investors should conduct thorough research and consider their risk tolerance.

What is the current market cap of VeChain?

VeChain currently has a market capitalization of approximately $966.8 million.

Where can I buy or trade VeChain (VET)?

VeChain (VET) is widely available on major cryptocurrency exchanges such as Binance, Huobi, and KuCoin, where retail investors can buy, sell, or trade the token.

Popular VeChain Exchanges

View All

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:

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:

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.

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.

Bit2Me is a prominent Spanish crypto broker, established in 2014. With 230+ cryptocurrencies available, it provides a safe, user-friendly, and comprehensive trading experience, underpinned by its industry-leading customer service.

Rating:

4.4

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 non-custodial service created for simple and fast cryptocurrency exchanges. They do not store funds or require any sort of account creation.

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: