VeChain 24 Hour Volume Hits $100.09 Million (VET)

VeChain (VET) traded 4.9% higher against the US dollar during the twenty-four hour period ending at 12:00 PM Eastern on November 22nd. In the last week, VeChain has traded up 34.7% against the US dollar. VeChain has a market capitalization of $2.70 billion and approximately $100.09 million worth of VeChain was traded on exchanges in the last day. One VeChain coin can now be purchased for about $0.0333 or 0.00000034 BTC on popular cryptocurrency exchanges.

VeChain Coin Profile

VeChain is a Proof of Authority coin that uses the VeChainThor Authority hashing algorithm. Its launch date was June 1st, 2016. VeChain’s total supply is 85,985,041,177 coins and its circulating supply is 80,985,041,177 coins. VeChain’s official message board is vechainofficial.medium.com. VeChain’s official website is www.vechain.org. 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.

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

VET/USD price chart by TradingView