VeChain (VET) Coin Analysis, Price, Market-cap and Future Predictions.

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VeChain is like a digital platform that helps different industries share important information quickly and securely using something called blockchain technology. This technology helps make sure that the information shared is reliable and can't be easily changed. VeChain works with things like medical records, energy usage, food production, and sustainability efforts to make sure that data is accurate and trustworthy.

This technology doesn't have a single point of control, making it very secure and efficient. It's like a digital system that allows different industries to easily track data such as carbon emissions, supply chains, and logistics, among other things. VeChain offers two types of digital tokens and special protocols that help make transactions smoother and cheaper for businesses. They also have a platform called ToolChain, which makes it easy for companies to use blockchain technology without needing to understand cryptocurrencies.

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Price:

Today, 16th February 2024, the price of VeChain is $0.04801 USD, which means if you wanted to buy or sell VeChain, that's how much one coin is worth in US dollars. In the past 24 hours, there has been a lot of trading activity, totaling $973,649,234 USD. VeChain's price has gone up by 16.72% during this time. In terms of popularity among all cryptocurrencies, VeChain is currently ranked at number 29. The total value of all VeChain coins in circulation right now is $3,545,315,834 USD. There are currently 72,714,516,834 VeChain coins being traded, and there is a maximum number of VeChain coins that can be created, but that number isn't available.

The highest price ever paid for VeChain was $0.281, which happened on April 19, 2021. That was almost 3 years ago. Compared to that highest price, the current price of VeChain is 87.58% lower, which means it's quite a bit cheaper now than it was at its peak.

On the other hand, the lowest price ever paid for VeChain was $0.001917, which occurred on March 13, 2020. That was almost 4 years ago. Compared to that lowest price, the current price of VeChain is 1,720.42% higher, which means it's worth a lot more now than it was at its lowest point.

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Market-cap:

The market capitalization of VeChain (VET) is like the total value of all the VeChain coins that are currently being traded on the market. It's calculated by multiplying the price of one VeChain coin by the total number of VeChain coins that are available for trading. VeChain's market capitalization is $2,536,210,628, which means that's how much all the VeChain coins are worth based on their current price and how many of them are being traded.

Future Predictions:

Based on the technical analysis for VeChain prices in 2024, experts predict that the lowest price VeChain could reach is $0.0424, meaning it won't go below that. On the other hand, the highest price it might reach is $0.0484, which is the maximum level it could hit. The average price that experts expect VeChain to trade at during 2024 is around $0.0436. These predictions are based on analyzing the historical data and patterns of VeChain's price movements.

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Disclaimer: The information provided in this article is for educational and informational purposes only. It is not intended to be, and should not be construed as, financial advice. The content is based on analysis and research and we do not guarantee the timeliness of the information presented to you. Readers should conduct their own research before making any investment decisions. The author and the article shall not be held responsible for any financial losses or decisions made based on the content of this article.