VeChain Price
What is VeChain?
VeChain is a blockchain platform designed to help businesses streamline and secure their supply chain processes. The VeChain platform enables businesses to track the movement of goods through its distributed ledger technology, allowing them to see how their products are being used, stored, and managed.
VeChain (VET) is the native digital currency of the network and plays a crucial role in determining VeChian worth. VET is used to pay for transactions on the platform, access certain services, and more. Use this page to see track VET price in real-time.
Who invented VET
VeChain was co-founded in 2015 by Sunny Lu, the former Chief Information Officer (CIO) of Louis Vuitton China, and Jay Zhang.
How VeChain works
VeChain operates on its own blockchain called VeChainThor, a public blockchain that supports the creation and execution of smart contracts. The blockchain is decentralized, meaning it is maintained and validated by a network of nodes rather than a central authority.
- Unique Identifiers: VeChain assigns unique identifiers, such as RFID tags or QR codes, to physical products. These identifiers are linked to the VeChainThor blockchain, creating a digital representation of the physical item. The unique identifiers serve as digital fingerprints that can be used to track and trace the product's journey through the supply chain.
- IoT Integration: VeChain integrates with Internet of Things (IoT) devices, such as sensors and trackers, which collect and transmit data about the product's location, temperature, humidity, and other relevant information. This data is securely recorded on the VeChainThor blockchain, ensuring transparency and immutability.
What info is displayed on VET price chart?
The Paybis VET price chart displays the following data:
- Live VET price
- Current Market Cap of VET
- 24hr Volume of VET
- Highest price of VET in last 24 hours
- Circulating supply of VET
- Price of VET in 50+ fiat currencies
Use this data to get an overview of the VET crypto market.
VeChain price today
VET is the native cryptocurrency of the VeChain ecosystem. It is used to power transactions, execute smart contracts, and incentivize participants on the network.
Being a utility token, the current VeChain price will be volatile like many other currencies. The VeChain price history tracker can help you keep an eye out on VeChain price now.
To customize the chart's timeframes, currency, and tracked data, utilize the VET filter located at the top of the page.
- Observe trends of the VeChain price today, weekly, monthly, annual, or longer timeframes
- Calculate VET price in USD or any of the 50+ available fiat currencies
- Check the VeChain price tracker live, including the market cap, 24hr volume, peak price, and circulating supply
By using the Paybis VET price tracker, you can access additional information such as the current market capitalization, the highest price within the last 24 hours, and the existing circulating supply. Analyzing these details could assist you in making informed investment decisions.
Learn about converting VET to USD here.
Analyzing VeChain price trends
Stay updated on the latest trends in VET value with the Paybis VeChain price tracker. This real-time information empowers you to make informed decisions based on the most current market data. By analyzing VET price changes across various timeframes like daily, weekly, monthly, and yearly, you gain insights into both short-term fluctuations and long-term patterns.
The Paybis VET price USD chart offers a convenient way to convert VET to USD or any of the 45+ fiat currencies available. This feature enables you to compare prices across different currencies and align your decisions with your specific objectives.
While analysis provides valuable information for decision-making, it's essential to remember that it does not guarantee future outcomes. Exercise caution, diversify your investments, and seek advice from trusted financial experts when necessary. These practices will help you navigate the complex and dynamic nature of cryptocurrency markets.
How will VET price change in the future?
In the supply chain industry, there is a growing demand for solutions that provide transparency, reduce fraud, and improve operational efficiency. VeChain's technology aligns with these requirements, offering real-time tracking, authentication, and verification of products throughout their lifecycle.
The IoT industry is also expanding, with an increasing number of devices and sensors being connected to the internet. VeChain's integration with IoT devices allows for the collection of valuable data, such as temperature, location, and other relevant information, which can be securely recorded on the blockchain. This data can be utilized to improve supply chain decision-making, optimize inventory management, and enhance overall operational processes.
Hence, VeChain is a promising project for these industries, and it will be interesting to see how the project fares in the long run. Still, the price of VeChain is subject to market forces and speculation. It's best to use the Paybis VET price chart as a reference point for VeChain worth, so you can make informed decisions.
