Vechain (VET): Truth Revealed!!! | Is Vechain The Next 17x Coin??? | VET News & Price Prediction!!
What is (VET) VeChain?
An enterprise-grade L1 smart contract platform
Aims to solve data hurdles in various industries using distributed governance & IoT technologies
The platform has 2 tokens: VET & VTHO
Manage & create value on the VeChainThor public blockchain
VET generates VTHO & acts as a store of value & value transfer medium
VTHO pays for GAS costs & reduces the need to expend VET when writing data
History & Performance
Started as a private consortium chain in 2015 & transitioned to a public blockchain in 2017
Sunny Lu: CEO of the VeChain Foundation
VeChain Foundation: a non-profit entity responsible for network construction, R&D & business development
Encourages partnerships with enterprises interested in utilizing blockchain technology
Gu Jianliang: Chief Technology Officer
Kevin Feng: Chief Operations Officer
VeChain Team: 90+ employees ▶︎ focus on developers
VeChain = increased efficiency, traceability, & transparency in data trails & supply chains
ATH price: $0.280991 – Apr 19, 2021
ATL price: $0.00191713 – Mar 13, 2020
Market Cap: $1,408,525,738
Total Supply: 85,985,041,177
Max Supply: 86,712,634,466
Circulating Supply: 72,714,516,834
On-Chain Data
VET Real Volume
04/22 – 05/21 / 2023: -42.09%
ETH Real Volume
04/22 – 05/21 / 2023: -50.27%
VET Marketcap Dominance
04/22 – 05/21 / 2023: -11.09%
ETH Marketcap Dominance
04/22 – 05/21 / 2023: -0.51%
VET Volatility
04/22 – 05/21 / 2023: -34.82%
ETH Volatility
04/22 – 05/21 / 2023: -26.25%
The week ending on April 15th was a historic one for cryptocurrency markets
Top Smart Contracts
Smart contract platform sector: led by VeChain (VET) ▶︎ total return of 63% over that week
Cosmos (ATOM): the second-best performing asset of the group ▶︎ a return of 37%
EOS (EOS), Ethereum (ETH) & Cardano (ADA) ▶︎ weekly returns ranging from 21% to 24%
Solana (SOL): the underperformer of the group
The only smart contract platform with a negative return ▶︎ -2%
Latest News
VeChain: looking to attract venture capital (VC) in Europe to drive growth & development
VC funding in blockchain projects has been increasing in Europe = institutional investor confidence
VeChain: optimistic about securing VC investments & highlighted the favorable regulatory environment in Europe
Recent analysis showed substantial growth in VC funding for European blockchain projects
Increased VC inflows could boost confidence in VeChain’s native crypto, VET, & encourage network development
VeChain has experienced a resurgence of development activity in the last 3 weeks
Investor sentiment & on-chain volume for VET have been low but may improve with VC support
VET’s price has seen a 7.29% upside from its 3-month low = some demand & increased investor confidence
The prospects of VC funding improve VeChain’s long-term outlook
Partnership with UFC & its $100 million deal showcases its involvement in sports & entertainment
Partnership with OrionOne to offer cost-effective & easy-to-use blockchain solutions for logistics
Strategic partnership with TruTrace Technologies to enhance traceability in industries such as cannabis & pharmaceuticals
Blockchain technology has the potential to boost global GDP by $1.76 trillion by 2030, & VeChain could benefit from this growth
The supply chain management market is projected to reach $42.46 billion by 2027, creating opportunities for VeChain
VET: currently a market capitalization of $1.4 billion & the 38th largest cryptocurrency globally, with a daily trading volume of $26 million
Price predictions ▶︎ 2025: from $0.09 to $0.22 & 2030: from $0.38 to $1.79 = about 6200% profit
Price Prediction: VeChain (VET)
TECHNEWSLEADER:
2024: $0,041
2026: $0,089
2028: $0,19
2030: $0,40
DIGITALCOINPRICE:
2024: $0,049
2026: $0,086
2028: $0,092
2030: $0,20
PRICEPREDICTION:
2024: $0,041
2026: $0,091
2028: $0,20
2030: $0,42
PowerPoint slides: https://docs.google.com/presentation/d/13–tbrMubwyb4fCRUH2IJUhh_f3QTbUk/edit?usp=sharing&ouid=114211160006036424476&rtpof=true&sd=true
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