Current VeChain (VET) Market Status
VeChain (VET) is currently trading at $0.02069163**, reflecting a slight decrease of **0.59%** over the past 24 hours. The cryptocurrency's market capitalization stands at **$1.78 billion, with a 24-hour trading volume of approximately $28.2 million**. At the time of writing, VET is trading between a 24-hour low of **$0.020284 and a high of $0.02126.
Key Statistics at a Glance
- Market Price: $0.02069163
- 24-Hour Price Change: -0.59%
- 7-Day Price Change: -3.38%
- 30-Day Price Change: -17.22%
- Market Capitalization: $1,779,170,651
- 24-Hour Trading Volume: $28,240,684
- Circulating Supply: 85,985,041,177 VET
- Maximum Supply: 86,712,634,466 VET
Historical Price Performance
VeChain has experienced significant volatility since its inception. The cryptocurrency reached its all-time high of $10 on January 22, 2018, representing a dramatic decline of approximately 99.78% from that peak. Recent trading patterns show VET struggling to maintain momentum amid broader market conditions.
Recent daily trading data illustrates the cryptocurrency's price movements:
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| 02 Jul 25 | $0.0203493506964 | $0.0204416659711 | $0.0201247531407 | $0.0204155609680 | 28,515,634 |
| 01 Jul 25 | $0.0212535618870 | $0.0213674050758 | $0.0201618365059 | $0.0203547997944 | 27,376,828 |
| 30 Jun 25 | $0.0217970593774 | $0.0218504198344 | $0.0208597745669 | $0.0212497481784 | 26,857,718 |
Global Price Conversions
VeChain's value varies across different global currencies:
- 1 VET to CNY: ¥0.148108433841
- 1 VET to EUR: €0.0175251933032
- 1 VET to GBP: £0.0150517139559
- 1 VET to INR: ₹1.77013241568
- 1 VET to JPY: ¥2.96682777042
- 1 VET to USD: $0.020691629928
Trading Platforms and Availability
VeChain is available on numerous major cryptocurrency exchanges, providing investors with multiple options for acquiring VET tokens. The token pairs primarily trade against USDT, with varying liquidity across platforms.
Major trading venues include Binance, KuCoin, WhiteBIT, and XT.com, each offering different liquidity levels and trading environments. When selecting an exchange, consider factors such as security features, fees, and user experience to ensure optimal trading conditions.
For those looking to diversify their portfolio with alternative digital assets, you can explore more trading strategies on advanced platforms.
VeChain's Market Context
Within the broader cryptocurrency landscape, VeChain currently ranks #54 by market capitalization. While historically VET price movements have sometimes correlated with overall market trends, recent performance shows a degree of independence from major cryptocurrencies like Bitcoin and Ethereum.
The project's focus on enterprise blockchain solutions and supply chain management provides fundamental value distinct from purely financial cryptocurrencies. This specialization may explain its occasional divergence from broader market movements.
Project History and Key Developments
VeChain has undergone significant evolution since its founding:
- 2015: Project founded by Sunny Lu and Jay Zhang
- June 2016: Launch of 0.1V version
- 2017: Successful ICO raising $20 million; Partnership with PwC established; VeChain Foundation launched
- February 2018: Rebranding from VEN to VET
- Spring 2018: Mainnet release
- November 2021: Implementation of Proof-of-Authority 2.0 via hard fork
These milestones demonstrate VeChain's continuous development and commitment to enhancing its blockchain infrastructure for enterprise applications.
Frequently Asked Questions
What factors influence VeChain's price movements?
VeChain's price is influenced by multiple factors including overall cryptocurrency market sentiment, adoption by enterprises for supply chain solutions, technological developments on the platform, and broader economic conditions affecting digital assets. The project's partnerships with major companies particularly impact investor confidence.
How does VeChain differ from other cryptocurrencies?
Unlike many cryptocurrencies focused primarily on financial transactions, VeChain specializes in supply chain management and business process optimization. Its blockchain technology helps companies track products, verify authenticity, and improve logistical operations, creating real-world utility beyond speculative trading.
Where can I securely store my VET tokens?
VET tokens can be stored in various wallet options including hardware wallets for maximum security, official mobile wallets provided by VeChain, or reputable third-party software wallets. Always ensure you control your private keys and use trusted storage solutions to protect your assets.
What is VeChain's long-term value proposition?
VeChain aims to revolutionize supply chain management through blockchain technology, providing transparency, traceability, and efficiency for businesses worldwide. As more enterprises adopt blockchain solutions, VeChain's specialized platform could see increased utilization, potentially driving long-term value for the token.
How often does VeChain undergo protocol updates?
The VeChain development team regularly implements protocol improvements and updates. Major upgrades like the November 2021 hard fork that introduced Proof-of-Authority 2.0 occur periodically to enhance scalability, security, and functionality. The community and foundation prioritize maintaining a robust and evolving blockchain infrastructure.
Can VeChain be used for purposes other than investment?
Absolutely. Beyond investment, VeChain's primary purpose is facilitating business operations through its blockchain platform. Companies use VET and associated tokens to power supply chain tracking, quality control systems, anti-counterfeiting measures, and various other enterprise applications that require verified data and transparent processes.
For those interested in real-time market analysis and advanced trading tools, consider to view real-time market tools that provide comprehensive cryptocurrency data.