VeChain

    VeChainvet#84

    By Twin · CoinHours Editorial · Coin profile maintained by CoinHours Editorial · Market data refreshes every 60s

    $0.005869

    -1.05% (24h)

    7d Change

    -12.82%

    30d Change

    -34.36%

    24h High

    $0.005997

    24h Low

    $0.005821

    Market Cap$504.61M
    24h Volume$6.10M
    Circulating Supply85985.0M VET
    Max Supply86712.6M
    All-Time High$0.1867
    ATH Change-96.86%

    Price Chart

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    About VeChain

    VeChain is an enterprise-focused blockchain launched in 2015, designed for supply chain management, anti-counterfeiting, and product traceability. It uses a dual-token model with VET as the value token and VTHO as the gas token, and operates a proof-of-authority consensus mechanism. VeChain has signed partnerships with major global enterprises across logistics and consumer goods. Its enterprise adoption and dual-token economic model are its defining characteristics.

    Primary use case: Supply chain, traceability, enterprise blockchain

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    Understanding VeChain Price Data

    The VeChain price shown above is a volume-weighted average across major spot exchanges, sourced from CoinGecko and refreshed continuously throughout the trading day. Cryptocurrency markets trade twenty-four hours a day, seven days a week — there is no opening or closing bell — so the 24-hour change figure is a rolling window measured against the price exactly one day prior, not against a fixed daily close. The 7-day and 30-day percentage moves use the same rolling-window methodology, which means the figures shift continuously rather than resetting at midnight.

    Market capitalisation for VeChain is calculated by multiplying the current price by the circulating supply — the number of VET units currently in public hands and not locked, burned, or reserved by the protocol. This differs from total supply (all units that have ever been created) and max supply (the protocol-defined cap, where one exists). For assets with significant locked or vesting allocations, fully diluted valuation can be a more useful long-term measure than market cap alone. The 24-hour trading volume figure aggregates spot trading across reporting exchanges and excludes derivatives and over-the-counter activity, which can be substantially larger for major assets.

    All-time high (ATH) figures reflect the peak USD price ever recorded for VeChain on a major exchange. The ATH change percentage shows how far the current price sits below — or above — that peak, and is one of several inputs the CoinHours Market Cycle Indicator uses when assessing where the broader market sits in its four-year halving cycle. For longer-term investors, ATH drawdown combined with 200-week moving average position and the Fear & Greed Index gives a clearer cycle picture than any single metric in isolation.

    VeChain for Australian Investors

    In Australia, the Australian Taxation Office (ATO) treats VeChain and other cryptocurrencies as capital gains tax (CGT) assets rather than as currency. Every disposal — selling for AUD, swapping for another crypto, spending on goods or services, or gifting — is a CGT event that must be reported in your tax return. Holding VET for more than twelve months before disposing of it qualifies you for the 50% individual CGT discount, which is one of the most significant tax planning levers for long-term holders. See the crypto tax encyclopedia entry for a full breakdown of ATO record-keeping requirements, cost-base calculation methods, and the tax treatment of staking rewards, airdrops, and DeFi income.

    Australian investors typically buy VeChain through a registered exchange that complies with AUSTRAC anti-money-laundering requirements. Once acquired, holdings can be left on the exchange (counterparty risk), moved to a software wallet (convenience with online attack surface), or transferred to a hardware wallet for cold-storage self-custody (highest security, least convenient). The CoinHours security guide walks through the trade-offs in detail, including seed-phrase storage, multi-signature setups, and inheritance planning. For background on the underlying technology, the Crypto Encyclopedia covers blockchain fundamentals, consensus mechanisms, and the VeChain protocol in plain English.

    VeChain FAQ

    What makes VeChain different from other cryptocurrencies?

    VeChain uses a dual-token model with VET as the main token and VTHO as the gas token, plus a Proof-of-Authority consensus mechanism. It focuses specifically on enterprise supply chain management and product traceability rather than general financial applications, making it more specialised for business use cases.

    How does VeChain's dual-token system work?

    VET serves as the store of value and ownership token, while VTHO functions as the gas token for transaction fees. VET holders automatically generate VTHO over time, which can be used to pay for blockchain operations or traded separately. This system aims to separate value storage from utility costs.

    What are the tax implications of holding VET in Australia?

    The ATO treats VET as a cryptocurrency asset subject to capital gains tax when sold or traded. The automatic generation of VTHO tokens from holding VET may also be considered taxable income when received. Australian investors should maintain detailed transaction records and consult tax professionals for compliance guidance.

    What industries use VeChain's blockchain technology?

    VeChain is used across logistics, pharmaceuticals, luxury goods, automotive, and consumer products industries. Companies use the platform for supply chain tracking, anti-counterfeiting, quality assurance, and product authentication. The focus is on real-world business applications rather than speculative trading.

    What are the main risks of investing in VeChain?

    Key risks include dependence on enterprise adoption rates, centralisation concerns due to Proof-of-Authority consensus, complexity of the dual-token model, concentration in Asian markets particularly China, and general cryptocurrency volatility. The success relies heavily on traditional businesses adopting blockchain technology.

    Frequently Asked Questions

    How often is the VeChain price updated?

    CoinHours pulls live VET pricing from CoinGecko, which aggregates trades across major exchanges. The page refreshes the displayed figures every few minutes; the underlying market data updates continuously and may move significantly between refreshes during volatile sessions.

    Why does the VeChain price differ between exchanges?

    Each exchange runs its own order book, so prices drift slightly based on local supply and demand, regional liquidity, and pair availability. The figure shown here is a weighted average designed to represent the broad market price rather than any single venue. Arbitrage typically keeps the differences small for major assets but can widen during fast moves or on smaller exchanges.

    Is buying VeChain legal in Australia?

    Yes. Cryptocurrency is legal to buy, hold, and trade in Australia. Exchanges operating in Australia must register with AUSTRAC and comply with anti-money-laundering and counter-terrorism financing rules. The ATO treats crypto as property for tax purposes — see the Australian investors section above for tax implications.

    What is market cap and why does it matter?

    Market capitalisation equals current price multiplied by circulating supply and gives a rough measure of an asset's total value in public hands. It is a more meaningful comparison metric than price alone because two coins with identical prices can have radically different supplies. Market cap rank is one input investors use when assessing relative size, but it does not account for locked tokens, future emissions, or actual on-chain liquidity.

    Should I store VeChain on an exchange or in a wallet?

    Exchange custody is convenient but exposes you to counterparty risk — exchange failures and hacks have wiped out customer balances historically. For amounts material to your finances, a hardware wallet under your own control is the standard recommendation. Read the security guide for a full comparison of custody options and seed-phrase best practices.

    Information on this page is general in nature and does not constitute financial, investment, or tax advice. Cryptocurrency prices are volatile and you can lose your entire investment. Consult a qualified Australian financial adviser and registered tax agent before making investment decisions.