VeChain (VET) Price Hits $0.0169 on Exchanges

VeChain (VET) traded 2.5% lower against the U.S. dollar during the 24 hour period ending at 7:00 AM Eastern on November 13th. VeChain has a total market cap of $1.45 billion and $49.18 million worth of VeChain was traded on exchanges in the last day. During the last seven days, VeChain has traded up 14% against the U.S. dollar. One VeChain coin can currently be purchased for $0.0169 or 0.00000016 BTC on exchanges.

About VeChain

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

Buying and Selling VeChain

It is usually not currently possible to buy alternative cryptocurrencies such as VeChain directly using U.S. dollars. Investors seeking to trade VeChain should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy VeChain using one of the aforementioned exchanges.

VET/USD price chart by TradingView