VECHAIN price, news and Forecast (VET US DOLLAR)

VeChain bulls around the corner, VET price primed for 30% gains

Technical overview

Big picture

Cryptocurrencies bullish themes

Cryptocurrencies bearish themes

Sponsor broker

Latest Crypto Analysis

Latest Crypto Analysis

Editors' picks

SafeMoon price looks to skyrocket 30% as technicals flash buy signal

A brief technical and on-chain analysis on SafeMoon price. Here, FXStreet's analysts evaluate where SAFEMOON could be heading next.

More Bitcoin news

Uniswap price eyes 20% gains as UNI technicals scream ‘buy'

Uniswap price faced a blockade at $21.51, slowing its recovery. The RSI reveals a bullish divergence in play, hinting at a 20% climb. A breakdown below $18.37 will invalidate the bullish thesis.

More Litecoin news

Litecoin contemplates 17% ascent after reclaiming crucial barrier

Litecoin price experienced the second flash crash, which bottomed on September 21. While the descent was steep, the recovery seems to be coming along well. The recent upswing has pushed past a key resistance level, but LTC needs to hold above it to confirm buyers’ presence.

More Litecoin News

XRP price flips massive support floor into formidable resistance

A brief technical and on-chain analysis on XRP price. Here, FXStreet's analysts evaluate how Ripple behaves as it trades below key resistance.

More Ripple news


Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast





VeChain is a blockchain platform based in Singapore and China. It has operations in Asia, but also in Europe and America. It was founded in 2015 by CEOs Sunny Lu and Jay Zhang. It’s designed to enhance supply chain management and business processes. It uses physical tracking combined with blockchain records to keep tabs on real-world products from production to delivery, preventing fraud and increasing transparency. VeChain aims to provide a full view of an organization by disintermediating information from data silos.

VeChain mixes a decentralized and a centralized model, which balance will vary as the ecosystem matures, starting with a structure more centralized at the start and slowly giving more power to the community. It wants to become a leading platform for ICOs and for conducting transactions between IoT connected devices. VeChain has two tokens: a VeChain token (VET) as a value layer and a VeChain Thor Energy (VTHO) as a smart contract layer.

Characteristics of VeChain

VeChain was founded in 2015 but the first version wasn’t launched until June 2016. Its main characteristics are:

  • VeChain takes a very specialized approach to its development, designing a specific structure for the movement of goods and services across the supply chain. That makes VET a utility token.
  • It has two token systems: VET, which funds the projects; and VTHO, which powers the blockchain.
  • Blockchain technology records data without giving the option of being changed. That allows a truthful record of the conditions throughout the supply chain.
  • It can be used to verify the authenticity of the items purchased, especially important for tackling fraud in the luxury goods sector.

Differences between Bitcoin and VeChain

  • VeChain runs on top of the Ethereum blockchain while Bitcoin has its own infrastructure.
  • VET specialty is supply chain management to track luxury goods, food, pharmaceuticals, and much more.
  • VeChain has been optimized for performance to process up to 10,000 transactions per second while 4.6 transactions while the Bitcoin blockchain can currently guarantee only 4.6 transactions per second.
  • VeChain has a total maximum supply of 86.7 billion and Bitcoin has a max supply of 21 million.