This Where to buy VeChain (VET) review discusses most of the things about VET and its features. However, this article should not be taken as financial advice. Instead, we urge the traders and investors to do their own research before getting involved in cryptocurrencies.
Nowadays, the crypto space is slowly but surely getting back on its feet from its market fall in the past months. In fact, the market cap of the crypto world today amounts to $2.2 trillion. Moreover, this huge number that the crypto market recorded has a growth rate of +2.8% in the past 24-hour. Indeed, this is an event that catches the attention of investors around the world.
Today, aside from Bitcoin, which is trading over $50k, there are also other crypto assets that are performing well. The VeChain (VET) digital asset is one of the most active cryptos contributing nicely to this bullish trend. Furthermore, the VET crypto is also considered one of the underrated virtual assets in the crypto world.
On the other hand, one reason why VET was able to invite more investors into its platform is because of its great use case. In other words, the VET crypto designed its network to enhance the supply chain industry in the world. Through this, the process of knowing the quality and preciseness of the product is already at hand.
The VET token is the governance token of the VeChain network. In short, VET is the token that will fuel all the transactions inside the network. What’s more, VeChain has its own gas token called VeThor Token (VTHO). This token will play as the gas token for most of the transactions processed in the platform.
Now that we already have some ideas about the VeChain network, let’s get familiar with VET. In this Where to buy VeChain (VET) review article, we will discuss more VET features and how to buy VET. Of course, we will also not forget the staking part, where traders can easily earn rewards.
What is VeChain (VET)
VeChain (VET) is a crypto network that uses blockchain to run its system. Sunny Lu founded VeChain in 2015 and had its offices in different places like China, Europe, Singapore, and Japan. Furthermore, the network aims to support businesses around the world with its blockchain solutions. These businesses include industries such as wine, fashion, food safety, and agriculture.
In terms of its network system, VeChain enables a robust and secure blockchain framework. In fact, the platform features software and hardware turnkey solutions. As a result, VeChain was able to deploy its blockchain to enterprises seamlessly. Indeed, the system of VET made it easier for the supply chain industries to adopt blockchain.
Meanwhile, the native asset of the platform: VET, can also be traded on different exchanges globally. In other words, traders and investors can use VET in spot trading features of centralized exchanges like Binance. In addition, staking is also a popular way to earn more VET rewards. This feature enables investors to earn more crypto by just investing their cryptos in staking platforms. Of course, the availability of staking depends on the crypto exchange’s decisions.
As of writing time, VET trades at a decent price of $0.132 per crypto. Moreover, this trading position of the crypto has had a growth rate of +30% in the past 30 days.
Do you want to know the price forecast of VET before the year 2021 ends? Therefore, join me in the next part of this VET review article.
VeChain (VET) Price Forecast 2021
So far, VET is one of the active digital assets in the crypto world that has been performing well lately. However, do you ever wonder how much VET price will reach before the year ends? Therefore, let us check together with the price of VeChain in this VET price prediction 2021.
Based on the graph above, VET was able to overcome the pressure made by the bears in the Fibonacci level .786. As a result, the crypto now positions itself above the Fibonacci golden level of .618. In other words, VET is now in an uptrend position and trades at a bullish price of $.12 per crypto. What’s more, this position of crypto has recorded a growth rate of almost +70% in the past 30 days.
If this bullish trend continues, VET might have a chance to break another resistance at the Fibonacci level .5. If it does, VET will break past the bullish price of $.17 and go beyond. Best of all, the crypto may still pump its price higher and touch the skyrocketing price of $.21, which is just 69.9% away from its current position. But, of course, all this will be possible if the bullish market and investors continue to trust VET.
In conclusion, the VET price prediction 2021 amounts to $.21 and above. However, this may still change due to many factors such as Bitcoins performance and investors buying and dumping power, to name some.
VeChain (VET) Use Case
The use case of the crypto project is one of the most-visited parts of the project’s whitepaper. This section of the whitepaper is where the readers will know everything about the solution offered by the project. Also, this is the part where investors made their decision whether they want the project or not.
In this part of the article, we will discuss the use case and the solution offered by the VET network.
Carbon Reduction for Companies
For companies that are interested in carbon reduction, the VET network offers a great solution. In detail, VeChain created a ground-breaking blockchain and IoT-powered carbon platform. This platform uses economic incentives to attract enterprises to participate in lowering carbon emissions.
Automotive Passport Solution
The VeChain network designed a solution for the manufacturers of automobiles and OEMs. This is the Automobile Solution, a VeChain system that runs in the blockchain of VET. With this, All the vehicles under the VeChain system will have their unique ID and a digital passport. Hence, these unique ID and digital passports will cover the entire lifecycle of the vehicle.
Logistics Industry Solution
The logistic industry in the world is one of the busiest businesses. For this reason, the VET network created a blockchain solution that could enhance the process of the logistics industry. By leveraging the power of blockchain and IoT, VET enables its participants to record the core data from their day-to-day operations.
How and Where to Buy VeChain (VET)
Finally, we have already arrived at the part where we will discuss how to buy VeChain and where to buy VeChain (VET). In this part of the article, we will enlighten you regarding the ways to spot and buy VET cryptos easily. Therefore, let’s go and learn the tips and tricks to get VET easily.
Today, there are many different kinds of centralized and decentralized exchanges in the crypto market that pop out every day. Therefore, it is up to the user to choose which one suits them best. However, in buying VET, traders don’t have many options. In short, the VET crypto is still on its way to getting listed in many crypto exchanges.
On the other hand, traders and investors interested in VET can find the crypto in exchanges such as Binance and Digifinex. Basically, the trading pairs of VET using the Binance exchange go with VET/BTC, VET/USDT, VET/ETH, VET/BUSD, and VET/BNB, to name some. But, for other exchanges like Digifinex, the trading pair of VET is only limited to VET/USDT.
So I guess we already answered the question of where to buy VeChain (VET). So let us now proceed in knowing how to buy VET.
In buying the VeChain (VET) crypto, traders and investors just have to follow these simple steps:
- Choose a centralized exchange. For this example, we will use Binance
- Fund your Binance account via credit card or debit card
- When you are now ready to fund your Binance account, choose VET and buy the crypto
Note: Some countries in the world do not support crypto exchanges. For this reason, traders must first check if their country is listed in the supported countries of the exchange that they will choose.
VeChain is one of the digital assets in the crypto world that was able to maintain its rank with the top 30 cryptos in CoinGecko. Therefore, we can say that VET is an investment that has potential. However, you must still do your own research to know the project better.
The VET crypto is available at Binance US exchange. For this reason, traders and investors can buy, sell, and trade crypto using the centralized exchange.
Today, the exchanges such as Binance, Digifinex, and HitBTC are some of the exchanges that offer VET crypto.
VeChain can be transferred in hot wallets such as Trust wallet to provide more security on the user’s crypto. However, VET cannot be purchased using the Trust Wallet.
VeChain being underrated is not official. But, other people in the crypto space agree that VeChain is one of the underrated digital assets in the crypto world. In this case, it is up to you to decide.
Disclaimer: This material must not be used as the basis for making any investment decisions. This serves only as informative material about the crypto exchange. Trading digital assets involve risk and can result in the loss of investment capital. Hence, always make sure to do in-depth research before engaging or investing in any cryptocurrencies.