VeChain (VET) Price Up 3.4% Over Last Week

VeChain (VET) traded 1% higher against the US dollar during the 24 hour period ending at 8:00 AM E.T. on August 4th. In the last seven days, VeChain has traded 3.4% higher against the US dollar. VeChain has a total market capitalization of $404.08 million and approximately $6.77 million worth of VeChain was traded on exchanges in the last day. One VeChain coin can now be purchased for about $0.0047 or 0.00000007 BTC on major cryptocurrency exchanges.

About VeChain

VeChain (VET) is a Proof of Authority coin that uses the VeChainThor Authority hashing algorithm. It was first traded on June 30th, 2018. VeChain’s total supply is 85,985,041,177 coins. VeChain’s official website is www.vechain.org. The Reddit community for VeChain is https://reddit.com/r/vechain and the currency’s Github account can be viewed here. VeChain’s official Twitter account is @vechainofficial and its Facebook page is accessible here. VeChain’s official message board is vechainofficial.medium.com.

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 possible to buy alternative cryptocurrencies such as VeChain directly using U.S. dollars. Investors seeking to acquire VeChain should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy VeChain using one of the exchanges listed above.

VET/USD price chart by TradingView