VeChain (VET) Price Prediction 2025-2030: Volatility causes VET to reach…
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
VeChain (VET) is a blockchain platform that specializes in logistics and supply chain management. It uses a Proof-of-Authority consensus algorithm that helps secure transactions through a network of 101 Authority Masternode operators.
Read Price Prediction for VeChain [VET] for 2023-24
VeChain was initially a crypto token built on the Ethereum blockchain but later rebranded as VeChainThor (VET) in 2018. The VeChainThor blockchain operates with two tokens, VET, the primary token used for storing and transferring value, and VTHO, used for transaction fees.
The separation of the two tokens helps ensure a stable price for the token used for transaction fees. VeChain raised funds through an initial coin offering (ICO) in 2017 and since its launch has grown to become a leading platform for supply chain management solutions.
The platform’s focus on security and transparency, as well as its use of cutting-edge technology, has made it a popular choice among businesses looking to streamline their supply chains.
According to data from CoinMarketCap , VET is currently trading at $0.02562, up 47.91% in the past 24 hours. The token’s market capitalization stands at $1,855,044,193, making it the 32nd largest crypto in the world. The daily trading volume came in at $72,222,124.
VeChain is a flexible enterprise-grade L1 smart contract platform. VeChain started out in 2015 as a private consortium chain, collaborating with a variety of businesses to investigate blockchain applications. It helps companies to create decentralized applications (dApps) and carry out
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