VeChain Price

Follow the VeChain price in euro, dollar and pound

In the price chart above you will find the basic information about the VeChain price, in which you can see the performance of the VET token. On top of the last quoted price, you’ll see a chart showing you how the price has been performing over the last 24 hours. The price chart is interactive, so you can determine the time frame yourself.

You have the possibility to see the price of last week and the last 30 days. This gives you a short and long term view. If you’d rather have a longer view, choose YTD (Year To Date), which shows what the coin has been performing since the beginning of the current year. You can also see what VET has been doing since the beginning of its listing. To do so, click on ALL, which stands for all-time.

If you want to buy VeChain, you can easily do so with the use of the widget. Enter a quantity and the widget will calculate everything for you, including all fees. After clicking the button, you will be redirected to Bitvavo. We have chosen this exchange, because they are the cheapest provider in Europe, you never pay more than 0.25% of trading fee for each transaction.  This is extremely low compared to other brokers.

VeChain price in euros and dollars

In the small overview below you will find live information about the VeChain price. Besides the performance of the past week and month (which you can see in a percentage), you can also see the current market capitalization and the highest and lowest price of the past 24 hours.

If you want to switch between the quotation in euro and dollar, just click on EUR or USD.

Please note that the price may vary by a few euro cents compared to the exchange rates provided at the top of the page. This is due to the fact that two different suppliers provide the data.

The history of VeChain’s price

The full detailed explanation of what VeChain actually is, what the rebranding to VeChain Thor means and why it is a third generation cryptocurrency, can be found on our page that is all about buying VeChain.

VeChain was listed in 2017 with a price of $ 0.23 and was known as VeChain (VEN). For a long time, the price hovered around $ 0.23, until the bull market appeared at the end of 2017. Thanks to Binance’s trading promotions and a positive sentiment, the price rose to almost $9 per VEN token.

You’ll probably notice that these prices are quite high when you compare this with the current VeChain price. That’s because the team has decided to do a rebrand mid-2018. The rebrand was accompanied by a token swap and a migration to the main net. During the swap you received 100 VET tokens (1:100) for every VEN token. After that, the VeChain value never peaked again. Nowadays, the price is a lot lower.

The low point was formed in October 2019 around 0,003 euros after which it started a solid climb. Since then, the global media is also much more positive about VeChain and 2020 has already started very well for VeChain the first months.

VET historical prices

Below you can see the prices of VET for the past week.

How is the VeChain price determined?

As with any good sold on a market, in a country ruled by the system of capitalism, the price of a crypto coin is also determined by the balance between buyers and sellers.

If there are a lot of buyers for VeChain, the price goes up, because everyone wants it. However, if there are more sellers than buyers, the VeChain price drops. Simply put, that is what it comes down to.

For crypto, the market is also determined by the global media interest and the new developments for a platform or a currency. New technological developments that have the potential to solve an economic problem are usually welcomed with a rising price. A partnership with a well-known company is the same sort of good news that is usually greeted with a rising price.

There has been a lot of development on the project. For example, they have delivered a new decentralized voting platform and the block explorer has recently been improved. They also established great partnerships with Bayer, Cyprus and H&M. Even Deloitte researched their platform.

Also, remember that the VeChain value you see is an average of what all cryptocurrency exchanges currently offer. So, if you’re visiting a broker and you see a price which is slightly different, then this is normal, depending on which exchange you’re visiting.

VeChain price prediction

Considering the technology behind it and the news about the cooperation with the Chinese government, it seems to be okay, but a good price prediction depends on many factors. How is the feeling of the market around crypto in general? Lately it has been very positive, but this is no guarantee for the future.

VeChain has established many collaborations that can make it bigger in the future. For example, at 2.5 million hotels you can now pay with VET tokens and Walmart is using the technology of this project.

Mind you, the exact price prediction for VeChain cannot be predicted, but the trend is generally determined by the overall crypto market.

What do you need to take into account with the VeChain price?

Cryptocurrency can have a strong rise or fall in one day. It is a financial instrument with a high price volatility. This word means that the VeChain price at the beginning and at the end of the day can show big differences. Both positive and negative. For some crypto this could be a few tens of percent per day.

If you’re the kind of investor who panics if your investments varies a lot in value from day to day, then this might be too risky for you.

If such percentage differences don’t bother you too much and you are someone who loves adventure, then investing in crypto might be for you.

Let’s end with the following advice: research the project you have in mind very well, give it some time and don’t just put your money in a coin without knowing anything about it. For example, read everything you want to know in our knowledge base before you start. Then you will have enough information to help you find your way. Don’t listen blindly to YouTubers, bloggers and Twitter users, but do your own research.

And last but not least, never put more money into it than you are willing to lose.

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