Vechain has gone parabolic in the past few weeks for a number of reasons. Its developers announced the launch of the first stablecoin, VeUSD, backed by the USD. Sunny Lu, cofounder of Vechain, was among the notable speakers at FT Crypto, a Summit event sponsored by FT and The Banker.
Recently, the ecosystem launched the first-ever VeChainHackathon with spectacular results.
Look no further than this short article for all the details about Vechain: what it is, is it worth investing in, and the best places to buy Vechain now.
Top places to buy Vechain now
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Binance
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What is Vechain?
Vechain is a cutting-edge tech ecosystem that uses two tokens, VET and VTHO, which create and manage value. Ecosystem members use VTHO to pay for gas fees.
The ecosystem aims to disrupt traditional business models. Its work in the supply chain has brought it the most fame. It provides a decentralized trust layer for multi-party ecosystems and has enjoyed substantial success with state institutions and other high-profile clients.
Vechain uses transparent technology without centralization and vulnerability. This allows for greater efficiency, security, and ease of tracking all kinds of data. It leverages smart contracts to achieve trustless automation, thereby cutting costs.
Logistics, carbon, incentivized ecosystems, and more take advantage of trust digitization and collaboration.
Should I buy Vechain today?
Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money.
Vechain price prediction
Wallet Investor is bullish on Vechain, predicting it can increase from $0.077 to almost $0.09 in one year. In that period, the earning potential would be around 15%.
Vechain on social media
$VET broke out of its channel and hitting the 1.618 fib extension. If the price can't het above it right now I think we'll see a retest at the yellow 0.786 around $0.063 for support and then lift off 🚀 #vefam #VeChain #vetusdt pic.twitter.com/NnUvdy5zUW
— Crypto Koolaid (@Koolaid_crypto) March 27, 2022
