VET Price Analysis January 2022

VET is a token of platform VeChain. Its current price is around $0.07307 by writing, with a low of $0.02448 in 2021, and has a market cap of 4.7 billion dollars.

What is VeChain?

VeChain is a public blockchain that derives its value from solutions created by members within the ecosystem to real-world economic problems. It is a blockchain-based platform built to enhance supply chain management processes. Sunny Lu founded it in 2015. VeChain aims to revolutionize business ecosystems with a trust-free and distributed platform that offers transparent information flow, efficient collaboration, and high-speed transactions.

VeChain provides solutions for enterprises, including anti-counterfeiting, supply chain management, and inventory management. It disrupts the supply chain industry by providing the latest technological solutions.VeChain does not require a high level of computation power to provide network security. It provides a low-cost and low-energy solution that balances the need for a more powerful computer.

What is VET Crypto?

VET is the coin of the VeChain platform, which is around $0.07307 by the time of writing, with a low of $0.02448 in 2021. Its current ranking is #34 according to CoinMarketCap, with a market cap of 4.7 billion dollars.

It reached a high of $0.2782, with a low of $0.02448. VET coin is the cryptocurrency for the VeChainThor Blockchain. The goal is to create a trust-free, decentralized, self-circulating currency that offers value efficiency and cost-effectiveness to its users.

VET Coin Market Analysis 

VET has a max supply of 86,712,634,466 coins worth around $0.07307 with a market volume of 123 million dollars, whereas the market capitalization is 4.7 billion dollars at writing. 

VET Price Prediction 2022

On the 4H timeframe, the VET price was skyrocketing. Still, just after it had touched its all-time high, its price took a deep dive with a downtrend and now formed out the Bullish Harmonic bat pattern where price action has hit out its demand zone at 0.886 level currently consolidating in rectangle zone playing out the resistance and support level game.

For any time, on-demand analysis on $VET or any other coin can join our Telegram channel.

Vet Price Prediction 2022
VET Price Prediction 2022

Here are some of the best exchanges to buy VET in 2022.

Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.

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Pratyaksh