• VeChain (VET) is a blockchain platform that provides businesses and organizations with a secure way to track and manage their supply chain operations.
• VET’s current trading price is $0.019, with its market capitalization standing at $1.4 billion.
• VeChain announced the ‘Finality with one Bit’ upgrade which marked the final phase of VeChain’s proof of authority 2.0, triggering VET’s massive rally on 8 November 2022.
VeChain (VET) is a blockchain platform that aims to provide businesses and organizations with a secure and efficient way to track and manage their supply chain operations. The platform utilizes a combination of blockchain technology, smart contracts, and IoT (Internet of Things) devices to provide real-time visibility and data for all parties involved in a supply chain.
Current Price & Market Capitalization
At press time, VET was trading at $0.019, down more than 13% since the beginning of the month. Its market capitalization stands at $1.4 billion, making it the 38th largest crypto in the world. The daily trading volume came in at $26 million according to CoinMarketCap data .
The Finality With One Bit Upgrade
The ‘Finality with one Bit’ upgrade marked the final phase of VeChain’s proof of authority 2.0 which was triggered by an announcement from the VeChain Foundation in November 2022 causing VET’s massive rally that same month . This milestone upgrade allowed companies to create decentralized applications (dApps) and carry out transactions with higher levels of security and transparency .
VeChain Price Prediction 2025-2030
Experts believe VET will reach $0.10 soon due to its adoption among various industry players who are utilizing its services such as UFC 280 which took place on 22 October as part of its $100 million masternode partnership program . Thus far, predictions have been optimistic about its future performance given its strong fundamentals , making for an interesting outlook for 2025-2030 .
With its innovative technology solutions for enterprise use cases , VeChain has proven itself as an effective tool for streamlining business processes while ensuring security and transparency . As such , many experts have offered positive forecasts about VET’s future price movements , predicting that it will reach $0.10 soon .