VeChain (VET) is a low-cost cryptocurrency with decent return potential. A quick assessment of the crypto shows it is a moderate-risk investment. The crypto is currently trading around 4% lower during the previous 24 hours at 0.064 dollars.
However, VET has experienced minor growth in its market capitalization. Its market cap currently stands at 4.11 billion dollars while its trading amount is around 299,097,914.49 dollars. Besides these metrics, users should also look for viable price predictions to assess the crypto’s potential.
You can visit here to see what 2022 has in store for VET. Despite trading 4% lower in the previous 24 hours, VET has a rather low-risk gauge. The coin has shown viable resistance against fluctuation in the past, but the virtue can also be associated with its low market price.
One good thing about VeChain is that the coin comes with a limited supply. The coin’s scarcity adds to its market value, especially in the long run. VeChain is on the higher end of the maximum token supply with a total supply of 86.71 billion coins.
Besides VET, VeChain also has VTHO as its in-house token. The coins are used to create and manage value based on the VeChainThor public blockchain network. The project aims to disrupt standard supply chain models via transparent technology.
Moreover, its supply chain facilitates greater control, efficiency, tracking, and security merged with the added benefit of trustless automation. VeChain is one of the oldest dedicated smart contract platforms on the market. VET’s low-medium risk means that its price can move pretty quickly, but it is relatively in proportion to the value of the VeChain being traded. The price of VET is less likely to be manipulated, and big moves will likely mean increased interest in trading VeChain.
