FAQs
While double-digit price pumps are nothing new in crypto, VeChain's price pump occurred with no new significant fundamental developments. However, a look on-chain showed an increase in new addresses and surging trading volume, suggesting an uptick in adoption and utilization for the veteran project.
What is the point of VeChain coin? ›
VeChain is designed to improve the flow of supply chains and to enhance business processes with the help of secure distributed ledger technology. VeChain strives for “mass business adoption”, hoping that their technology will be the future standard for supply chain management.
What is the difference between vet and VeChain? ›
VET is the VeChain token used to carry value or “smart money” from smart contracts. In other words, transactions on decentralized applications occurring on VeChain's blockchain will use VET. It is also available for purchase by the general public.
Is VeChain a good coin to hold? ›
VeChain (VET), a blockchain platform focusing on supply chain management, shows strong growth potential. With robust fundamentals, industry partnerships, and expanding market integration, VET's price has bullish projections from $0.03 to $0.50 by 2030.
Why is Vethor pumping? ›
While the crypto market as a whole has seen strength recently, VTHO's outsized gains suggest traders and investors are particularly bullish on VeChain's ongoing development. As more dApps launch and transaction volumes pick up, demand for VTHO to power those activities increases.
Why is crypto pumping so much? ›
Despite facing significant downturns in 2022 and 2023, Bitcoin experienced a resurgence in 2024. Following substantial jumps on March 8 and March 14, Bitcoin surged to all-new highs. This surge reflects renewed confidence and interest in the cryptocurrency market, attracting attention from investors worldwide.
Is VeChain Chinese owned? ›
VeChain was founded in 2015 by Sunny Lu, the former CIO of Louis Vuitton China, under the umbrella of Bitse, a major Chinese blockchain company.
Is anyone using VeChain? ›
Strong Partnerships: VeChain has established partnerships with major companies like PricewaterhouseCoopers, Walmart China, and Amazon Web Services. These partnerships not only validate its technology but also provide opportunities for further development and adoption.
Can VeChain reach $1000 dollars? ›
The likelihood of VeChain (VET) reaching $1000 is highly improbable based on current trends and historical data.
Will VeChain ever take off? ›
The all-time high is still a long way off. However, analysts do expect VeChain to start a cautious recovery. Throughout the year, the price is projected to trend upward. In September the price will reach €0.0193 and by December, it is expected to reach €0.0469 euros.
The best overall VeChain alternative is Ethereum. Other similar apps like VeChain are Kaleido, Corda, Coinbase Institutional, and Hyperledger.
Will VeChain reach $100? ›
Can VeChain Hit $100? It is unlikely. With its huge supply, Vechain reaching $100 would sky-rocket its market capitalization.
Can VeChain go to 10 dollars? ›
Its analysts suggest VET could reach $5.15 in February 2040 and even surpass $10 by May 2040.
Can VeChain reach 2 dollars? ›
Making a VET Crypto price prediction this far out is a challenge and mostly guesswork. However, given the long-term trajectory, the price of VeChain could reach as much as $3 to as low as $0.36 as Vechain aims to disrupt the supply chain market.
How high can VeChain go in 2025? ›
VeChain (VET) Price Prediction 2030
| Year | Price |
|---|
| 2025 | $ 0.022283 |
| 2026 | $ 0.023397 |
| 2027 | $ 0.024567 |
| 2030 | $ 0.02844 |
1 more rowAccount Abstraction was the most recent upgrade that has happened with VeChain and is primarily responsible for this sudden hike in VET prices. On 14th Feb, Vechain posted on X about making Account Abstraction (AA) live. AA enables programmable smart contracts for improved security and better user experience.
Why is VeChain special? ›
VeChain is also unique in that it has two native tokens. Most blockchains have one -- for example, Ethereum (ETH 4.41%) uses ETH tokens as its native cryptocurrency, and Cardano (ADA 1.53%) uses ADA tokens. The primary token on VeChain is VET, which is used for storing and transferring value.
Why is VeChain surging? ›
VeChain has witnessed a substantial increase in on-chain active contracts as part of its ongoing commitment to sustainability. The protocol is actively exploring innovative ways to encourage and reward users for embracing sustainable practices.
Why not to invest in VeChain? ›
VeChain remains a top 50 cryptocurrency by market cap with a daily trading volume of more than $60 million, so it's far from dead. But many investors feel like the project is unlikely to recover following the brutal bear market and complain that the centralized governance is stifling further development.
