VeChain current price is $0.1350 with a marketcap of $8.74 B. Its price is -3.21% down in the last 24 hours.
- VeChain (VET)
- Live Price $0.1350
- Market Cap $8.74 B
- Volume $1.37 B
- Available Supply 64.97 B VET
- Rank 20
Technical analysis, backgrounds and info on this crypto coin
Besides VeChain (VET) is the renowned cryptocurrency (measured by market capitalisation). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the VeChain (VET) price. Of course you can trade and/or invest in VeChain (VET) as well. On this page you'll find basic statistics and characteristics of VeChain (VET). Furthermore you'll find info regarding the VeChain (VET) price, basic technical analysis and a brief explanation of the story of VeChain (VET)
Current VeChain (VET) price
Please see below the VeChain price chart as provided by our home broker.
Onchain Metrics VeChain (VET)
If you want to perform a technical analysis of VeChain and decide whether it is the right time to trade or invest, please check the on-chain metrics as provided by our partners of Tradingview.com.
These On-chain metrics are live and provided by our on-chain data supplier Tradingview.com.
Furthermore, we provide you with the price chart and historical data for VeChain (VET) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on VeChain.
The VeChain agenda
In order to provide you with an accurate overview of coming VeChain agenda items and events, you'll find our VeChain agenda below.
If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.
What is VeChain?
VeChain is a blockchain-enabled platform that is designed to enhance supply chain management processes. By utilizing tamper-proof and distributed ledger technology, VeChain provides retailers and consumers with the ability to determine the quality and authenticity of products that are bought. From product source materials, to servicing history, and spare part replacements, every single piece of information about the supply chain movement of a product can be recorded and verified to bring about a supply chain management ecosystem that is secure for all participants. VeChain plans to achieve this secure supply chain management ecosystem via the method of asset digitization. VeChain enables manufactures to assign products with unique identities to the platform. This will allow manufacturers, supply chain partners, and even consumers, to track the movement of products through their supply chain.
Who created VeChain?
There is also the VeChain Foundation. The Vechain Foundation is a non - profit entity established in Singapore in July 2017 and is responsible for the construction of the network, and technological research and development. The Foundation also plays an important role in business development.
What is the purpose of VeChain (VET)?
The Foundation encourages and supports partnerships with enterprises that may be interested in utilizing blockchain technology as a service. This includes payment services, private key management, smart contract development, and wallet development. There is no doubt that blockchain technology can be an important innovation to supply chain management. With a growing list of business partnerships and technological developments, VeChain is positioning itself to be THE disruptive, and innovative force that reshapes the way we think about supply chain management.
VeChain (VET) nowadays
The solution of "hard forking" has made people question the idea of "de-centering" of Ethereum and even Blockchain. This way of governance is not so much a "democracy" as an "anarchy." VeChain development team highly regards blockchain’s decentralizing nature, yet intends to adopt some traditional corporate governance and thus improve the efficient formulation and implementation of the VeChain development and strategy for the benefit of the community to prevent and avoid serious blockchain design philosophy differences and irreconcilability.
The future of VeChain (VET)
Sunny Lu is the CEO of the VeChain Foundation and has already become an important figure in the blockchain space. Before he established VeChain, he co-founded the Chinese Internet start-up which developed Qtum, a very important digital asset in the crypto space. He was previously the CIO and COO of Louis Vuitton China.The team behind VeChain consists of over 90+ employees, most of them being developers. Chief Technology Officer, Gu Jianliang, has over 18 years of experience in areas such as mobile devices and the IoT field, and has created over a 100 patents in several technological fields. Kevin Feng serves as the Chief Operations Officer of the VeChain Foundation. Feng has been actively involved in many technology projects in his 12 years working for VeChain’s partner, PWC, as a consultant and assurance advisor.
Further technical analysis of this coin
For further technical analysis you’ll find the current price chart and overview of historical data at the bottom of this page. Do you need more on-chain metrics? You can find these on the site of our on-chain metrix partner IntotheBlock.
Do you want to trade in this crypto?
If you want to trade in this cryptocurrency you might consider to sign up with one of our home exchanges: Changelly, CEX.io or Binance. When your mother tongue is Dutch or French you might also consider Bitvavo. If you want to know more about choosing the right crypto exchange, please visit our crypto exchages page.
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