VeChain Trading Down 12.7% This Week (VET)

VeChain (VET) traded down 7.2% against the dollar during the twenty-four hour period ending at 23:00 PM Eastern on April 15th. VeChain has a market capitalization of $2.91 billion and approximately $188.59 million worth of VeChain was traded on exchanges in the last day. Over the last seven days, VeChain has traded 12.7% lower against the dollar. One VeChain coin can currently be bought for about $0.0400 or 0.00000063 BTC on major exchanges.

VeChain Profile

VET is a Proof of Authority coin that uses the VeChainThor Authority hashing algorithm. It launched on June 1st, 2016. VeChain’s total supply is 85,985,041,177 coins and its circulating supply is 72,714,516,834 coins. The Reddit community for VeChain is https://reddit.com/r/vechain and the currency’s Github account can be viewed here. VeChain’s official message board is vechainofficial.medium.com. VeChain’s official Twitter account is @vechainofficial and its Facebook page is accessible here. VeChain’s official website is www.vechain.org.

According to CryptoCompare, “VeChain (VET) is the native cryptocurrency of the VeChainThor blockchain. VET is used as a medium of exchange for activities and transactions on the VeChainThor blockchain and serves as a “fuel” to power the network. VET holders have the right to vote on governance decisions, participate in Proof of Authority (PoA) consensus, and receive rewards in the form of VTHO tokens. VET holders will also be able to benefit from other financial services such as staking, lending, and trading on third-party exchanges. With its innovative features, VeChainThor is positioned to be one of the most influential public blockchains, and VET is an integral part of this ecosystem.”

VeChain Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as VeChain directly using U.S. dollars. Investors seeking to acquire VeChain should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase VeChain using one of the exchanges listed above.

VET/USD price chart by TradingView