VeChain (VET) Price Up 24.6% Over Last Week

VeChain (VET) traded up 13.6% against the US dollar during the one day period ending at 12:00 PM Eastern on November 18th. VeChain has a market cap of $2.67 billion and $118.18 million worth of VeChain was traded on exchanges in the last day. One VeChain coin can now be bought for approximately $0.0330 or 0.00000036 BTC on major cryptocurrency exchanges. During the last week, VeChain has traded up 24.6% against the US dollar.

About VeChain

VeChain (VET) is a Proof of Authority coin that uses the VeChainThor Authority hashing algorithm. Its genesis 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. The Reddit community for VeChain is https://reddit.com/r/vechain and the currency’s Github account can be viewed here. The official website for VeChain is www.vechain.org. The official message board for VeChain is vechainofficial.medium.com. VeChain’s official Twitter account is @vechainofficial and its Facebook page is accessible 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 presently possible to buy alternative cryptocurrencies such as VeChain directly using US dollars. Investors seeking to acquire VeChain should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy VeChain using one of the aforementioned exchanges.

VET/USD price chart by TradingView