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VeChain (VEN)

Market Cap

$514,270,402 USD

Volume (24h)

$287,460,754 USD

5.8
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    VeChain Markets Rank: 1/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    VeChain Volume Ratio Rank: 56/100

  • Market Cap

    The total cost of all coins available.

    VeChain Market Cap Rank: 99/100

  • 24h Change

    Is the price moving up or down?

    VeChain 24h Change Rank: 66/100

  • Social Following

    How many users are following this coin?

    VeChain Social Following Rank: 97/100

  • Google Trends

    How many users are searching for the coin?

    VeChain Google Trends Rank: 46/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    VeChain Twitter Citation Rank: 64/100

  • User Voting

    How popular is this coin among Cointobuy community?

    VeChain User Voting Rank: 99/100

VeChain investment analysis

There are many applications of blockchain technology in our world today and the continuous developmental approaches continue to reveal new paths to how we can apply this technology to everyday usage. VeChain tries to create a reliable ecosystem with scalable advantages of blockchain enterprise.

VeChain investment is a lucrative concept which is majorly concerned with supply chain, distributive product data, and logistics business on the blockchain. The platform focuses or more real-world business activities and ensures that there are more practical applications of decentralized ledger technology than conceptual and theoretical ideologies alone.

The solutions provided by VEN is considered as revolutionary; for example, with the introduction of customized NFC chips used to verify and track products as they travel down the chain has a useful application in maintaining the integrity of certain products that could suffer the fate of counterfeiting. Moreover, customers can scan the NFC and obtain blockchain generated reports containing reliable information about the product.

current price
$0.009274
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

-12.9%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.008078
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

7/2288
by Safety
2262/2288
by Profit
historical data

How to buy VeChain?

To buy VEN cryptocurrency, you will have to visit the any of the exchanges where the coin is being listed and exchange your cryptocurrency or fiat currency to VEN. You should know that this asset is being traded on over 30 markets having about 5 trade pairs to include BTC, ETH, USDT, BNB, and USD.

You may have to purchase the alt trade pair needed to exchange for the asset on the exchange platform using fiat before you can go ahead and buy the coin. To store the new asset, you can use MEW, store on the exchange platform or use a hardware wallet to store.

The coin may not be as popular as BTC and ETH at the moment, but so far it is still among the top 20 coins on some major exchanges.

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Is it safe to invest in VEN now?

VeChain is essentially tackling a major real-world need and it indirectly making ways for mainstream adoption. While they are doing their very best to ensure they disrupt the supply chain service industry through monitoring of products and obtaining data crossing different industrial silos while maintaining the privacy of the industries when they communicate with each other. There's so much more to be done before the current systems can adapt fully to what the blockchain can fully offer.

They have succeeded in providing services related to logistics, agriculture, healthcare, food, and drugs. What the platform does is to enable data security and communication between industries who need these data to communicate outside their silos with other industries without revealing unintended data.

They have a proof of concept and beyond that, they have an existing product already in use in several sectors as highlighted. So if you were to invest in this project, you will be doing so in a real entity, with a proof and not just theoretical concepts alone. Hence the safety of investment.

Moreover, buying VEN can be so rewarding in the short and long period. But for a more substantial return on investment, it would be wise to save some for long-term investment prospects. However, it is important to know when to enter the market.

The timing of investment is highly dependent on the investor and how they intend to manage their portfolio. But with regards to VeChain, the timing couldn’t be more right as they have some interesting features down the timeline of their development.

Invest in VEN if you want a share in the future of decentralized logistics business on the blockchain, as this product has certain objectives that are viable and show so much promise.

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Comments (1)

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Melissa 4/29/2018

I don't know if you have heard, but VeChain (VEN) is getting ready to release its own main net, which means the currency is set to become even stronger, this will be happen in about 80days today. You can follow up with the countdown on their official page it will be focused on smart contracts, and will be centered around ICOs and DAPPs. The team has partnered with multiple corporations from different industries. This coin is now in the good books of the Chinese government. Also, there are certain coins that seem to have found favor with the Chinese government and one of them is vechain and these give it a good edge among others.