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VET Price:
$0.2 B
All Time High:
Market Cap:
$3.7 B

Circulating Supply:
Total Supply:
Max Supply:


The price of #VET today is $0.05 USD.

The lowest VET price for this period was $0, the highest was $0.050, and the exact current price of one VET crypto coin is $0.05043.

The all-time high VET coin price was $0.27.

Use our custom price calculator to see the hypothetical price of VET with market cap of ETH and how the supply affects the price of VET at different market capitalizations.


The code for VeChain is #VET.

VeChain is 6.5 years old.


The current market capitalization for VeChain is $3,666,820,002.

VeChain is ranked #33 out of all coins, by market cap (and other factors).


The trading volume is very large during the past 24 hours for #VET.

Today's 24-hour trading volume across all exchanges for VeChain is $235,661,237.


The circulating supply of VET is 72,714,516,834 coins, which is 84% of the maximum coin supply.

VeChain has a relatively large supply of coins, 598 times larger than Ethereum's supply, as an example.


VET is the native coin for the Vechain blockchain.

View the full list of Vechain blockchain tokens.


VET is well integrated with many pairings with other cryptocurrencies and is listed on at least 40 crypto exchanges.

View #VET trading pairs and crypto exchanges that currently support #VET purchase.


Note that there are multiple coins that share the code #VET, and you can view them on our VET disambiguation page.



Vechain Financial Report Q4 2022

With the purpose of fostering transparent communication on our expenses, accomplishments and push to create tangible economic value using blockchain technology, vechain hereby presents the nineteenth Financial Executive Report covering the period from October 2022 through end December 2022. As always, we welcome the community to hold us to the commitment of transparency, including, but not limited to, the rigorous monitoring and usage of our funds, and oversight of the growth of vechain and development of the VechainThor public blockchain. — Turning Tides. — With 2023 beckoning, vechain ended 2022 with strong momentum. Looking to the year ahead, a jam-packed agenda, comprehensive technical roadmap and exciting plans in the works promised to ignite a new chapter for vechain. With crypto market conditions peaking in negative intensity around this time, we tentatively consider the worst to be behind us, ending the quarter on very strong financial footings. As always, vechain remains vigilant about the evolving global regulatory situation and continues to proactively take steps to adapt, mitigate and lead in blockchain compliance. We ended 2022 with large reserves of stablecoins and significant holdings in VET, ETH and BTC, guaranteeing many years of financial runway as we inevitably return to growth conditions in the years ahead. Below, we explore developments and activities that took place in Q4 2022, providing ove...

Vechain’s ‘Web3 For Better’ Whitepaper — Summarising Our Approach to Global Sustainability…

Vechain’s ‘Web3 For Better’ Whitepaper — Summarising Our Approach to Global Sustainability Challenges - The launch of our new whitepaper, co-developed with Boston Consulting Group (BCG), marks a seismic shift in the utilisation of blockchain technology in the pursuit of Environmental, Social, and corporate Governance (ESG), Sustainable Development Goals (SDG) and achieving global sustainability targets. Titled ‘Web3 For Better’, the new whitepaper details a comprehensive approach to tackling sustainability challenges using ‘blockchain biospheres’ — ecosystems that leverage the core strengths of blockchain technology to create highly transparent, efficient and modular networks of companies and individuals to address sustainability challenges. These ecosystems deploy the approach of ‘gamification’, a concept where active engagement and participation by users is rewarded, creating powerful positive feedback loops to further incentivise sustainable actions. Vechain has already demonstrated the efficacy and value of its technologies at scale with some of the largest global enterprises. By combining these experiences with BCG’s expertise and vast client network, we’re embarking on the next steps in our journey and globalising our successes, launching a new web3-powered era of green global development. Below — we summarise the contents of the whitepaper to explain the core ethos and path forwar...


VeChain Ready For Blast-Off: Crypto Analyst Predicts VET Price To Rally ...

    Crypto analyst Egrag Crypto has put out an ultra-bullish price prediction for VeChain (VET), which the analyst predicts will achieve significant gains soon enough.  VeChain To See A 140x Gain Egrag mentioned in an X (formerly Twitter) post that the VeChain token could see a 50x or 140x gain. He further highlighted how the crypto token could achieve any of this move to the upside. Analysing the chart, he stated that a 50x move could be in play if VET sees a similar percentage increase to the one that occurred around 2019.  Back then, VET is said to have seen a 5,892% increase. Egrag predicts that the crypto token could rise to $0.9 if this move is indeed in play. Egrag predicts that VET could rise to as high as $2 if this is the move that ends up materializing. This prediction also means that VET will likely see a new ATH in the next bull run.  This is not the first time Egrag has offered a bullish price prediction for the VET token. Last year, the analyst predicted that VET could rise to $1.6 based on historical patterns. This prediction came after the crypto token made an impressive surge of 77%, hitting price levels unseen since May 2022.  Big Moves Still Lie Ahead For VET IEgrag isn’t the only analyst who has recently laid out a bullish narrative for the VeChain token. Crypto analyst and YouTuber Crypto ZX also gave an analysis where he predicted that the crypto token could hit new ATHs if it succeeded in breaking certain resistance levels. One ... read More

VeChain Skyrockets By 77% To Reach New Yearly High, Analyst Bullish On V...

    In a remarkable display of bullish movement, the smart contract blockchain VeChain,  and its native token VET have emerged as significant players in the altcoin rally, experiencing an impressive surge of 77% since the end of November. Over the past seven days, VET has recorded a substantial 33.5% increase, with an additional 5.4% surge in the past 24 hours, propelling the token to reach a new yearly high of $0.03806, a level unseen since May 2022. This surge in VET's value has generated substantial excitement among crypto analysts, who predict promising days and months for the token, noting a clear bullish momentum across various time frames.  VeChain Potential Breakthrough  Rekt Capital, a renowned crypto analyst, highlights the progress VeChain has made in closing the 'Volume Gap' between $0.01728 and $0.02694.  Rekt Capital suggests that VeChain is now primed to test the resistance wall between $0.0500 and $0.0600. This analysis indicates that VeChain's momentum is strong and positions the token for potential further growth. However, while the bullish prospects for VET appear promising, significant resistance lines must be overcome to achieve further gains.  In the event of a continuation of the VET rally above $0.0600, the token will face resistance walls at $0.06170 and $0.06450 before reaching the $0.0700 level on its path towards the coveted $1 mark. VET’s Potential Surge To $1.6 Based On Historical Patterns In addition to Rekt Capital'... read More

VeChain (VET) Set To Explode: Analyst Predicts 7,500% Rally To $2.3

    Popular crypto analyst EGRAG just predicted a massive 7,500% rally that will send VET soaring to $2.3. VeChain (VET) is currently trading at $0.02945, but according to this analyst, the crypto is set for a price growth that would send it on a price growth into three sequential price targets.   EGRAG Predicts VET To Hit $2.3 VET's price has had its ups and downs this year, reflecting the general market volatility of crypto assets this year. The crypto went on a price spike very early in the year, going on a 101% growth in the first two months from its 2023 open of $0.01579 to reach $0.03186 in February. The crypto would then go on a price decline over the next few months to a 2023 low of $0.01477. However, things started to change in October as the entire crypto industry changed into a bullish sentiment. VET is now up 80% from its October bottom, and according to EGRAG, the growth is set to continue in the coming months. In a recent post on social media platform X, EGRAG wrote 'VET will unlock ur financial chains,' along with three bullish targets for the coming year. A look through the price chart shared shows sequential targets of $0.11642, $1.05737, and $2.3. These targets represent a respective 295%, 3490%, and 7,500% rise from the current price. As indicated on the price chart shared by EGRAG, VET has primarily traded in a downward range, creating lower highs and lower lows since its all-time high in 2021. The crypto broke out of this range in October and has f... read More

VeChain Aims To Take Web3 By Storm, Here's How

    The crypto industry has seen a lot of hype at the beginning of 2023, and the VeChain Foundation is trying to keep up. The sector is attracting attention around non-fungible tokens (NFTs), the Metaverse, Web3, and, more recently, artificial intelligence.  The VeChain Foundation has announced the “Spiritual Rebirth” launch of the 2019 VeChain Summit, introducing The Hive to achieve goals that 'create tangible economic value with blockchain technology.' The Foundation claims that it has been 'invigorated' by a stream of positive developments and opportunities for the growth of its community. In an official post, the non-profit organization suggests that the VeChainThor blockchain is ready to 'take center stage of the upcoming digital-sustainable web3 revolution.' The Web3 Revolution And The Blockchain VeChainThor The Hive aims to 'foster collaboration across the web3 community' and to act as an 'inclusive beacon' for sustainability, focusing on developments for the blockchain ecosystem.  The new event will take place on March 4, 2022, in Las Vegas, according to the VeChain Foundation. During the event, the Foundation promised to make new announcements of consequence for the blockchain VeChainThor and the launch of a new whitepaper to take their global concept on digital ecosystems to the worldwide market. With the economic difficulties of the past and the recent announcement by the U.S. Federal Reserve (FED), VeChain remains optimistic for further regulato... read More

VET Price Retraces, But Sellers Should Short At These Levels

    The price momentum of VeChain (VET) registered a halt over the last 24 hours after the altcoin started to trade laterally. In the same time frame, the coin dipped 0.9%, which is minor meaning that VeChain was in consolidation. The coin had picked up bullish momentum at the beginning of this year, but the bears could not sustain the price above the $0.021 mark. The technical outlook of VeChain still points towards bullishness. The altcoin was overvalued at the time of writing, which emphasizes that a price correction is on the way. A price correction also presents a shorting opportunity for traders. The accumulation on the chart also noted a downtick, but despite the downtick, demand for VET was substantial. However, VET will soon lose its current price level if buyers continue to lose interest. At the moment, VeChain has secured the $0.019 price level as its current support mark. Moving below the price above the mark will make VeChain come under the influence of bears again. The VET price is 92% lower than its all-time high secured in 2021. VET Price Analysis: One-Day Chart VeChain was trading at $0.0207 at the time of writing. The altcoin was trading within an upward parallel channel, which showed bullishness. However, VET traded outside the parallel chain over the past trading sessions. As the coin moved outside of the parallel chain, the bulls failed to cross the $0.0212 price level, which acts as the current resistance price level for the coin. Local support for the coi... read More

VeChain Jumps By 4% As VET Investors Look To Profit Before Christmas

    VeChain has seen a price pump of 4% or currently trading at $0.0161 in the last 24 hours, triggered by the increase in VET demand, data from Coingecko shows. With this scenario, if the buying pressure persists, VET could sprint towards its resistance level and supply zone at the 100% Fibonacci level found at $0.01967.  VeChain investors could profit at $0.01778 A breach slicing below the $0.0156 mark can further invalidate the bullish streak of VET VET showing price recovery at $0.01583  VeChain has recently launched its upgrade PoA 2.0 and its Relative Strength Index (RSI) has shown an intense uptick after its breakaway from the oversold zone. This goes to show how the buying pressure has magnified over time. VeChain: On Fraud And High Gas Fees According to Analytics Insight, “VeChain (VET) was first conceived of by Sunny Lu, the former CTO of Louis Vuitton, someone who knows first-hand about the problems involved in tracking and proving genuine vs counterfeit goods.” As such, VeChain is known to be a first-of-its-kind layer 1 blockchain that aims to bring to the table innovative solutions to ultimately solve real-world problems such as the high transaction fees and counterfeiting which is deemed to be extremely beneficial for enabling friction-less transaction and also for the hassle-free minting of NFTs. VET’s On-Balance Volume (OBV) has also recorded an uptick which demonstrates the spike in trading volume and buying pressure. In the event... read More

3 Top Altcoins That Defy The Market Retracement- REEF, LINK, VET

     LINK's price holds strong as price eyes a rally to $12 after breaking out of its long-range accumulation zone.  REEF's price continues to trend above key support as price broke out of its downtrend with eyes set for $0.01.  VET's price remains strong, holding key support on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA). Previous weeks saw the price of most altcoins trend higher this has put these 3 top altcoins in the spotlight, considering how the crypto market has been fairing after the market saw its price decline with the price of Bitcoin (BTC) and Ethereum (ETH) not looking too good as the week has continued to look unprecedented with the current market looking choked with the current issue between Binance and FTX creating a fear of uncertainty and doubt for most traders and investors. (Data from Binance) 3 Top Altcoins - Chainlink (LINK) Price Analysis On The Daily Chart Daily LINK Price Chart | Source: LINKUSDT On The previous week saw many altcoins produced over 200% gains over the past 7 days of breaking out of their range-bound movement, as many believe more hope is returning to the crypto space. The new week hasn't kicked in like the last as most altcoins have begun to look shaky, dropping off from their weekly highs, including the price of Ethereum (ETH) and Bitcoin (BTC) suffering a minor price retracement back to a region of $1,540 and $19,600 respectively. Still, the price of LINK has con... read More

VeChain (VET) Climbs 10% In Last 7 Days – What's Going On?

    The VeChain (VET) price has been able to build on its bullish momentum over the past week and is currently bucking the current market trend. As Bitcoinist reported, the entire crypto market is currently facing a major fear of a contagion effect triggered by the perceived troubles of the US exchange FTX. Within the top 100 by market cap, there are currently only a handful of altcoins besides VeChain, including Chainlink (LINK) and Toncoin (TON), that are showing price gains within the last 24 hours despite the turmoil. VET is thus showing its fundamental strength for the moment. Within the last 24 hours, the price has risen by around 3%. Over the last seven days, there is even a gain of 10%. At the time of writing, VET was trading at $0.02610. Over the last 24 hours, VET's trading volume was $274 million, up 228% from the previous day. At the current level, the VeChain price is facing major resistance. For the moment, VET was rejected at the 200-day simple moving average (SMA) in the 1-day-chart, while maintaining its stance above the 100-day SMA. The MACD indicator is also showing bullish signs. The MACD (Moving Average Convergence/Divergence) is a momentum indicator that shows the relationship between two moving averages of the price of a security. VET investors should therefore keep an eye on the indicator for any trend changes. The RSI is neutral. The next big levels for VET are residing at the $0.035 and $0.043 mark. VeChain (VET) showing strength amid market turmoi... read More

VeChain Notches 10% Weekly Gains – Time For Investors To Bet On VE...

    VeChain is now undergoing some promising developments, as would any blockchain-based endeavor. The official VeChain Twitter account stated that things became rough in October, but that the team is happy with the progress made so far on the VeChain network. aims to connect the web2 and web3 communities. Developers recently stated on Medium that the bridge 'felt complete, bumpy but complete' in the month of October. While the most up-to-date information can be found in the blog post, a snapshot connected to their Twitter tweet demonstrates the project's steady development. This is hopeful news for the project. However, there is always a unique cryptocurrency that is released alongside a new crypto project. The value of VET, VeChain's native currency, has increased dramatically after the crypto market meltdown this year. There was a 10% weekly gain, based on figures by CoinGecko, Wednesday. The only remaining question is whether or not VET will maintain its upward trajectory. October was an amazing month! Technically the most important brick was laid with our #WebHooks that allows bi-directional #Blockchain communication with every backend. But there was more … Here's our reflection on October: #VeFam — (@VeChainEnergy) October 31, 2022 VET Rally Could Just Be Temporary While encouraging developments on VeChain contributed to its price increase, it should be noted that the majo... read More

Why VeChain Is Attractive At $0.02, Is VET Aiming For A Big Move?

    The crypto market successfully bounced from support with major cryptocurrencies recording profits over today’s trading session, VeChain (VET) follows the general sentiment. The cryptocurrency has been able to preserve some of its gains from yesterday’s session and seems poised for further highs. At the time of writing, VeChain (VET) trades at $0.023 with a 2% profit in the last 24 hours and a 5% profit over the past 7 days. In higher timeframes, the cryptocurrency records significant losses, but in the short term, this trend might be starting to reverse. VET's price shows a positive reaction as the crypto market rebounds on the 4-hour chart. Source: VETUSDT Tradingview VeChain Price About To Breakout? According to analyst Justin Bennett, the price of VeChain has been forming a falling wedge structure. This price pattern has been in the making since August 2022. At that time, VeChain saw an important rally after months of trading sideways between its current levels, and a high of around $0.03. In August, VET’s price attempted to break out of this range but was rejected from those levels. This led the price to a massive decline and the formation of the falling wedge. As VeChain moves at the lows of its range, and with the crypto market bouncing from a critical support zone, VET’s price might be ready to take off, as seen in the chart below. Per Bennett's analysis, VeChain might grind higher and touch levels north of $0.03. At that time, bulls need to m... read More

VeChain Pulled In Sideways Motion As VET Price Faces Rejection At $0.024...

    According to VeChain pricing analysis, VET prices have been moving sideways over the last few days. VET prices moving sideways as seen in the past few days  VeChain price fluctuating in the $0.02 and $0.027 range VET price is down by 0.5% Nevertheless, because the prices have been trading above the crucial support level of $0.02412, there has been a minor bullish bias in the prices. At $0.02474, the prices are now being rejected. As of this writing, VET is trading at $$0.02491, down 0.5 percent in the last 24 hours. It turned out that the low volume breakout was a fakeout. As a result, the price of the VET cryptocurrency has started to decline once more. Now, the price seems to be oscillating between $0.02 and $0.027. Since June 2022, this area has served as a superb zone for accumulation. After Jerome Powell, the chairman of the US Federal Reserve, made some hawkish comments, cryptocurrencies are once more on a downward trend. The recent downward price movement of Bitcoin and Ethereum has exacerbated the selling pressure. VET/USD Trades Above 200-Day MA According to CoinMarketCap, the 4-hour price chart for the VET/USD pair demonstrates that it has been moving sideways over the last few days. The range of the prices has been between $0.02412 and $0.02474.  The VET/USD is trading above the 200-day moving average, which suggests a minimal bullish bias. The RSI indicator is close to the 70 mark and is now in overbought territory. The RSI line has more room to rise,... read More

VeChain At Risk Of Further Losses? VET Price Drops 30% In Downtrend

    The crypto market continues on its downtrend, and VeChain (VET) follows after expiring some relief over the last weekend. Source: VETUSDT Tradingview According to crypto analyst Justin Bennett, VeChain lost a major area of support when it broke below $0.024. As seen below, this area was the last line of resistance for a “neckline” or a trendline that saw VET’s price after an increase in previous selling pressure. Not everything is lost for the bulls, the analyst believes, as long as VeChain is capable of holding above $0.021. This area is a “much more significant support for the market”. In case of further downside action, VET’s price could drop into this support line before seeing some relief. If the price manages to get back above the neckline, it could support a bullish continuation. However, traders should wait for confirmation if VET’s price can return to $0.024 and then to $0.026. Beyond that point, $0.028 seems like a very important area of resistance. Bennett believes it seems more possible that VeChain will continue on its downtrend: Resistance for VET is around $0.0237, which is the neckline it broke below yesterday. All in all, the market looks relatively weak. So even if we do see some additional relief, I think a move to at least $0.016 makes the most sense right now. Traders should watch out for a daily close below current levels or $0.022. This could hint at potential losses targeting the levels mentioned by the analyst... read More

VeChain Heads For Consensus Update, Can VET Price Lessen Bearish Pressur...

    VeChain follows the general sentiment in the market and has experienced some relief across low timeframes. At the time of writing, VET’s price trades at $0.02 with a 2% profit in the last 24 hours and an 11% loss in the last 7 days. VET's price trends to the downside on the 4-hour chart. Source: VETUSDT Tradingview Despite the downside price action for larger cryptocurrencies, VeChain has managed to preserve its value over the past week. This cryptocurrency is on track to deploy a major update to its network which could be providing additional support. The VeChain Foundation announced that the upgrade, dubbed Proof-of-Authority (PoA) 2.0, was successfully deployed on a testnet. The Foundation claims this milestone marks important progress towards a mainnet launch. The update is set to remove the tradeoffs from the Nakamoto Consensus and Byzantine Fault Tolerance (BFT) consensus. The Foundation claims that this upgrade could use a new wave of “mass adoption” as the blockchain VeChainThor will provide its users with data finality and more scalability. Designed to provide companies with a secure blockchain, use-case adaptive, and support corporate use cases. The VeChain community approved this consensus back in 2021, and once it’s deployed, will make this network one of the only blockchains running on a hybrid consensus. The Foundation claims that PoA 2.0 will introduce a “finality gadget”, an add-on mechanism that will validate blocks twice.... read More

VeChain Becomes UFC's First Layer 1 Blockchain Partner

    VeChain - the layer one blockchain focusing on sustainability and logistics - has formed a partnership with the Ultimate Fighting Championship (UFC). The network will be integrated into a series of live events and media channels by the world-renowned mixed martial arts organization. VeChain-branded assets will debut this Saturday, June 11, at the Singapore Indoor Stadium. According to the official announcement, VeChain is the first-ever base blockchain that receives 'unprecedented integration into UFC assets through this extensive collaboration. The project will access a variety of 'meaningful brand visibility' across live broadcasts of UFC's major events. In addition, the two will collaborate on a variety of custom and original content featuring UFC talent and athletes. Under the multi-year agreement, VeChain will own UFC's official fighter rankings titles: 'The integration also provides VeChain with a strong association with one of the most important components of UFC matchmaking — the fighter rankings.' Considering that UFC could potentially reach 900 million audiences from 175 countries, the new partnership was seen by Sunny Lu - the co-founder and CEO of VeChain - as a 'historic moment' for the company. The eye-catching deal is worth nearly $100 million with a minimum five-year agreement, according to a source acquired by Sports Business Journal. UFC Senior VP/Global Partnerships Paul Asencio said that - after one of the MMA circuit's largest sponsorships - the ... read More

How VeChain Landed $100 Million UFC Marketing Deal

    The VeChain Foundation and the Ultimate Fighting Championship (UFC) announced a multi-year marketing collaboration. This will include live events, broadcast features, in-arena promotion, and original content reserved for UFC distribution alone. Data provided by the UFC claims there are over 900 million households in 175 countries with exposure to its mixed martial arts events. If only 1% of these numbers decide to enter the VeChain (VET) ecosystem, the network would see a huge spike in adoption levels. Co-Founder and CEO of VeChain, Sunny Lu, said the following about the partnership: It is a historical moment when VeChain, the Layer 1 public Blockchain with the most enterprise adoption, joins forces with the fastest growing sport to raise awareness that blockchain technology is critical in helping deliver major global objectives, such as sustainability. This is just the beginning of a multi-year relationship with UFC, and we really look forward to changing the world together. Paul Asencio, UFC Senior Vice President of Global Partnerships acknowledged VeChain’s role in the crypto space and expressed his excitement as they become a major UFC partner. Asencio added: VeChain’s expertise in using real-world blockchain applications to help the public and private sector achieve their carbon-neutral goals is an effort we are proud to support.  We’re looking forward to working with VeChain to leverage UFC’s worldwide popularity to promote a positive messag... read More

VeChain Treasury Held $1.2B in Crypto, Q1 Report States

    The VeChain Foundation has published its Q1 report, stating that its treasury amassed $1.2 billion in cryptocurrencies by the end of the quarter, a slight drop from $1.38 billion as recorded in Q4 2021. Surprisingly, the foundation behind VeChain only spent roughly 4.1 million during the first three months of 2022 - mainly for business development and operational costs. Expenses Overshadowed by the Treasury Fund According to the report, the Foundation ensured investors that its treasury was in a healthy state, with over $1.2 billion assets in stablecoins, ETH, BTC, and VET - VeChain's native token. Regarding the loss as compared to last quarter, the report said it was caused by 'crypto market fluctuations and other VeChain Foundation outgoings.' Of the $4.1 million outlaid in the first quarter, the Foundation spent $1.8 million on ecosystem business development. These included partnerships, custodians, wallet providers, brokers, community events, and ecosystem project cooperation. This expense accounted for the highest amount spent in the quarter. The next was ecosystem operations which cost around $1.1 million. Despite the impressively well-managed balance sheet, the Foundation did not provide details regarding its income for the quarter. Transaction fees as distributed between validators and other stakeholders should have made up a critical source of its revenue, but no fee-related data was revealed from the report. Business Development As a layer-one blockchain designed to... read More

VeChain Partners Alchemy Pay for Fiat Payment Rails and Crypto on-Ramps

    PRESS RELEASE. Palo Alto, USA, March 2022 – Vechain (VET), the leading layer-1 smart contract platform has announced it is adding Alchemy Pay's (ACH) mainstream-friendly fiat payment channels and crypto on-ramps to its network. Alchemy Pay is a specialist in providing practical payment solutions that connect up fiat and crypto economies. Its crypto acceptance payment system for online and offline businesses with 2 million+ merchants in over 70 countries worldwide now supports VeChain's VET token for payments. VeChain's CEO, Sunny Lu, said of the integration, 'With Alchemy Pay's fiat payment channel and crypto on-ramps we are bringing more mainstream accessibility to our network. This has benefits, not only for users, but also for all developers building on the VeChainThor blockchain. The integration of VET into Alchemy Pay's crypto payment system is important in further expanding the real-world use cases for VET as a form of payment. By enabling mainstream payment standards like Visa, Mastercard and Paypal using Alchemy Pay, the mainstream adoption of VET will increase by making direct access possible, bypassing the complications of crypto exchanges that can be a barrier for many new users.' Alchemy Pay has become increasingly important in the blockchain space as a bridging service for the industry. Recent payment integrations with the likes of Elrond, Polygon, Algorand, NEAR, and Avalanche highlight this. Its 300+ fiat payment channels allow crypto services and networ... read More

Why VeChain May Run Out Of Fuel After 90% Rally

    VeChain has been able to preserve its current levels as the crypto market loses steam. Source: VETUSDT Tradingview Two weeks ago, NewsBTC reported a potential 40% rally for VeChain. Based on an analysis from Justin Bennett, the cryptocurrency was on the brick of breaking above a trend line which signaled potential appreciation. This trend line marked the beginning of a multi-month downtrend, and its reversal could take VeChain into the $0.10 price point. Therefore, Bennett called this move “significant in terms of the overall context of the market”. VeChain is yet to complete its full bullish trajectory into the $0.10 levels and beyond. However, it did manage to score a 90% rally, according to Bennett, destroying the market expectations of further downside: VET is the same project everyone on CT said was dead for months. +97% in 16 days is quite the move for a 'dead' coin. Let that be a lesson for anyone who jumped on the CT bandwagon. Peak pessimism amongst the masses usually means a buying opportunity isn't far away. The $0.080 point will be critical to determine if VeChain can sustain its current momentum. If these levels hold, VET’s price could appreciate further and return to its pre-crash levels from $0.10 to $0.14. VET's price breaking above a downside trendline. This suggests more appreciation. Source: Justin Bennett via Twitter Data from Material Indicators (MI) suggest potential resistance at VET’s price current levels. There are over $2 mil... read More

Why VeChain (VET) Could Be On The Verge Of A 40% Rally

    VeChain has been moving sideways during the past week, with more downside action than larger cryptocurrencies. However, the cryptocurrency could be sitting at crucial levels and poised for major price appreciation. VET trends to the downside on the daily chart. Source: VETUSDT Tradingview Analyst Justin Bennett claims this upcoming VET’s price rally could push the cryptocurrency up 40% off its current levels. On the weekly chart, the analyst identified a setup from back in 2020. At that time, VET’s price was preparing for what ended up as one of its biggest rallies in subsequent months, according to Bennet. The analyst recommended his audience to “take everything with a grain of salt”. In that sense, he showed the price of VET moving sideways in an inverse “head and shoulders” pattern. As seen below, when VeChain managed to break above that trend line, its price was able to resume bullish momentum into uncharted territory. At the time, VET’s price recorded over 1,000% gains through 2021. Source: Justin Bennett via YouTube Trending downside from that rally, as the chart shows, VET’s price has returned to below its 2018 trendline, to levels last seen before the previously mentioned rally. Bennett said: In order for VET to move significantly higher this year, I’m talking $0.10 and higher, it is going to have to get above this trendline. So, this is what I mean by this trendline it’s going to be significant in terms of... read More

Polkadot, Vechain Founders Pledge Over $10 Million In Crypto To Ukraine

    More support is pouring out for Ukraine as the country takes to crypto donations to fund its military. It has garnered support from top players in the crypto space like exchange giant Binance and others who have donated almost $20 million to the country. Now, it is attracting the attention of top founders in the space who have pledged significant sums to Ukraine. Crypto Founders Pledge Big Gavin Wood, the founder of leading cryptocurrency Polkadot has come out to express support for Ukraine. The country had posted multiple crypto wallet addresses last week as it solicited funds for the nation which had been invaded by world superpower Russia. The founder told Ukraine that he would personally donate $5 million if a DOT address was put up. If you post a DOT address I'll personally contribute $5m. — Gavin Wood (@gavofyork) February 27, 2022 Wood is not the only crypto founder that has made a significant pledge to the country. Sunny Lu, Founder, and CEO of Vechain has also made a pledge. Also taking to the comment section, Lu made an even higher pledge. He announced that he would donate $8 million to the cause when a VET wallet address is added to the list of official wallet addresses. Setup a VET wallet and leave VET address, I’ll donate $8m. Nothing else matters comparing people’s life. — Sunny LU, VeChain ? Currently, the country of Ukraine has three official addresses where funds can be donated in crypto. These two addresses are to receive donat... read More

El Salvador's Bitcoin-fueled Vet Hospital Opens This Week

    Nayib Bukele’s administration announced that the veterinary hospital built by bitcoin profits will open on Saturday (February 26). The President revealed that each treatment will cost $0.25 worth of BTC. Not Just Daydreaming Apart from becoming the first county to embrace bitcoin as legal tender, El Salvador has also purchased the primary cryptocurrency on a macro-economic level. In October 2021, the government disclosed they will use its $4 million profit (at that time) from the investment to create a massive veterinary hospital in San Salvador (the capital). Just four months after the announcement, the facility will open its doors. The exact date is February 24, as the hospital, named Chivo Pets, will stay open 24/7. It will have operating rooms, rehabilitation, hospitalization, quarantine rooms, and other medical features. It is worth noting that the hospital bears the name of the Chivo Bitcoin wallet. The latter is a mobile app allowing people and businesses to facilitate crypto transactions. The bitcoin-loving President Nayib Bukele informed that each hospital procedure will cost $0.25 worth of BTC as customers could apply any wallet. Wanna watch a video about #Bitcoin and pets?@chivopets is the first ever #Bitcoin fully funded animal hospital. Every treatment will cost only $0.25, paid in #BTC, with any wallet. — Nayib Bukele (@nayibbukele) February 25, 2022 Earlier this month, El Salvador introduced its new cryptocurrency educati... read More

VeChain Records 7% Profits And It Could Outperform ETH, Here's Why

    VeChain has been trading in the green during the last day as the crypto market shows signs of a potential recovery. Analyst Points Key Levels At the time of writing VET records a 7% profit in the last 24-hours outperforming larger cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH) which record a 3.3% and 4.9% profit, respectively, over the same period. VET with minor profits on the 4-hour chart. Source: VETUSDT Tradingview In an official post, the VeChain Foundation revealed its involvement at establishing the “Shanghai Association Standards For Blockchain Service” certification. Created to “expedite” the growth of blockchain based products and services, this certificate became effective in early February 2022. The Foundation partnered with the Shanghai Municipal Administration of Market Supervision and the Shanghai Certification Association to propose the standard. In that sense, VeChain “provided key technical input” based on the project experience, the post claimed. The project Chief Scientist Dr. Peter Zhou in collaboration with other senior blockchain experts also provided guidance to facilitate the creation of this standard. The post added: The most important objective of the standard is to provide a robust and proven assessment structure of present blockchain-enabled enterprise services. The certification has outlined the requirements for entities attempting to provide blockchain as a service products and application includi... read More

VeChain (VET) Sends Bearish Signals? Analyst Points Key Levels

    VeChain has followed the general sentiment in the market and it's currently trading in the green. Its 24-hour profits stand at 7.8% with VET’s price exchanging hands at $0.053. VET trends to the downside in the weekly chart. Source: VETUSDT Tradingview Related Reading | VeChain Foundation Announces New Stablecoin, Could It Create Fresh Demand For VET? In a recent video posted on his YouTube channel, analyst Justin Bennett looked into VeChain as the sell-off across the crypto market seems to slow down. As seen below, on the weekly timeframe, the analyst believes VET’s price is yet to come out of the wood. As the chart shows, VeChain broke an important trendline on the aforementioned timeframe as it failed to hold above the $0.060 level. Given the relentless selling pressure that led to a breakdown in that structure, Bennet believes “the market doesn’t look all that great”. Source: Justin Bennett As long as VET is unable to break above its current levels and return to its weekly trendline, bears could continue to push the price back to critical support. In order for bulls to have a chance at a climb back to previous highs, VeChain must reclaim the $0.060 level in the short term. Bennett said: It would have to close the day above $0.0650 before it starts to move back to $0.10, $0.12, etcetera. Until that day I think you have to be careful, and you have to realize that the downtrend is still intact. In case of further downside action, the analyst d... read More

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