On November 22, 2019, the coin had a price of $0.005104 USD. It is among the top 30 cryptocurrencies globally. It has a market capitalization of 4283,015,834 USD. Over the past 30 days, it had a high of $0.008038 USD and a low of $0.003001 USD. VeChain has an all-time high $.019775 USD. On the other hand, it has an all-time high of $0.002934 USD.
VeChain (VET) Price Chart
Figure 1 showing VeChain price chart from November 16, 2019 to November 22, 2019
Market Prediction for VeChain (VET)Price
Experts have no doubt that blockchain technology can be an important innovation in supply chain management. Due to the growing number of technological developments and business partnerships, there will be a growing demand for VeChain. VeChain aims to be a disruptive technology that will influence how businesses will think about supply chain management in the future.
Roger Ver, “Bitcoin Jesus,” VeChain (VET) Price Prediction
Roger Ver believes that VeChain has a bright future because it has applications in many industries. Also, it has a great future because it is trying to solve real-world problems. He tweeted that VeChain has enabled permission-less peer to peer digital cash systems globally. Furthermore, VeChain has used the system to stop counterfeit goods and make the global market more trustworthy. Due to its applications, it will receive more users and will increase in value.
Crypto Steve, Senior Investment Strategist USA, VeCahain (VET) Price Prediction
Steve believes that most coin holders will start investing in VeChain. He believes that most people will be investing in VeChain because of its real-world applications. Steve is confident that the Chinese market will play a crucial role in boosting VeChain’s price in the near future.
Tim Draper, Silicon Valley Investor, VeChain (VET) Price Prediction
Tim Draper announced that he has partnered with VeChain in adopting blockchain technology for innovation. Tim has an eye for feel-good projects. He invested in Bitcoin when it was only worth $6 dollars! His investment in VeChain may be the green light that VeChain has a good future in 2020.
Sunny Lu, CEO VeChain, VeChain (VET) Price Prediction
Sunny is confident about the future of the coin. He believes that the coin will experience tremendous growth because of new partnerships. He is confident that the new technologies will boost VeChain’s users and efficiency in blockchain networks.
Factors Contributing to the Growth of VeChain (VET)
One of the factors affecting VeChain’s price is real-world partnerships. VeChain is continuously securing solid partnerships with many businesses, such as Walmart and Price waterhouse Coopers (PwC). It has also secured a partnership with the Chinese government. If VeChain successfully utilizes these partnerships, it will experience great growth.
The second factor is diversification. The research and development team at VeChain is continuously developing solutions that are applicable in different industries. Also, it has developed a platform for creating decentralized apps (DApps). Due to the platform, VeChain has adequate space for growth because it is now targeting a large market.
Notably, VeChain is backed by VeChain Foundation. VeChain Foundation is a non-profit organization that is responsible for research and development (R&D) and the development of the network. The Foundation has played a key role in developing partnerships with reputable organizations. The support from VeChain Foundation has helped the coin achieve its goals more effectively.
VeChain is led by an experienced professional team. It has one of the oldest blockchain projects. Therefore, its managerial team has a lot of skills and experience in delivering solutions to real-world problems. The project is backed by a strong and professional team that has influenced the coin’s success.
VeChain (VET) Price Prediction Verdict
According to experts’ price predictions, this is the best time to invest in VeChain. It could potentially yield huge returns in the long term. The currency has adequate stability to sustain fluctuations in the crypto market. 2020 could be the year that VeChain hits $0.1 or even $0.5.
VeChain’s growth will be sustained by new partnerships. Some of its partners include Game of Thrones, BMW, Price Waterhouse Coopers (PwC), BYD (China’s largest car manufacturer), and Walmart China. As more businesses adopt the coin, its value will increase. Also, the VeChain Foundation is working to introduce major partnerships in 2020.
It is highly likely that the number of VeChain users will increase due to real-world applications. Some of the applications include retail and commerce, anti-counterfeiting and disposal, loss management, retail and e-commerce, wholesale, and many other applications. Also, its research and development team is developing additional real-world applications that will boost VeChain’s partnerships.
What is VeChain (VET)?
VeChain is a cryptocurrency that was designed to improve business processes and supply chain management. The main goal of the coin is to enhance and streamline the mentioned processes. Also, it aims to improve information flow within complex supply chains by using distributed ledger technology (DLT).
DLT refers to a digital system where traders’ transactions are recorded in multiple places at the same time. Distributed ledgers do not have administration functionality or a central data store. The entire process is decentralized. VeChain has two tokens: VeChainThor Energy (VTHO) and VeChain Token (VET). VTHO is used as gas or energy to power transactions. VET is used to transfer value within VeChain’s network.
The coin provides a platform for additional business processes, such as product lifecycle management. In the future, VeChain desires to become a platform that conducts transactions within the Internet of Things (IoT) and Initial Coin Offers (ICO).
IoT is a system of interrelated mechanical and digital machines, computing devices, people, or animals that have unique identities. It transfers data over networks without human-to-computer or human-to-human interaction. ICO is a way of raising funds for companies seeking to launch a new cryptocurrency.
Main Features of VeChain (VET)
VeChain was founded in 2015 by Sunny Lu. One of its main features is asset digitization. It allows manufacturers to assign their goods unique identifies on the platform. Ultimately, it allows consumers, manufacturers, and other supply chain partners to track goods within the supply chain.
Also, VeChain supports authorization-based digital ownership management. Ownership of goods or products is presented digitally on the platform. This is done through smart contract technology. Digital assets are linked to an account using private and public keys.
Security within the platform is maintained using network nodes. Also, the network nodes are controlled by organizations and businesses within the ecosystem. The network nodes offer services, such as wallet services, quality inspection, and private key management. VeChain tokens are essential for smart contract execution within the network.
How to Buy VeChain (VET)
Atomic wallet allows you to buy VeChain and to hold keys. Since you will be the only one with the keys, it ensures safety and security as you buy cryptocurrencies. You should be able to check your balances easily. Also, the wallet should be transparent, reliable, and safe. The wallet should allow you to view the real-time price of VeChain.
Atomic wallet is the best solution in the crypto market. Download and install the app on your mobile device or personal computer. It is compatible with major operating systems, such as Fedora, Windows, Debian, macOS, and Ubuntu.
Atomic wallet accepts debit/credit cards. You need a minimum of $50 daily to get started. After buying VeChain, you will receive the coin within thirty minutes. The wallet allows you to buy VeChain at the best rates. Atomic wallet is user-friendly and gives you a platform for making wise investment decisions.
How to Exchange VeChain (VET)
To manage and exchange VeChain, you need a wallet that will allow you to access 300+ tokens and coins in a single interface. You should easily and seamlessly exchange cryptocurrencies in the app. Also, you should be able to transfer the coins to other wallets.
Atomic wallet is a multi-currency wallet. It will enable you to take advantage of fluctuations in the crypto market to earn more money. The wallet allows you to monitor the exchange rates with real-time price charts.
Atomic wallet is the most decentralized, secure, transparent, and trustworthy wallet solution in the market. The custody-free solutions and strong encryptions will give you the highest level of security. Download and install the app and be part of VeChain’s main objective of improving the supply chain process and other real-world applications.