Galactica on Mainnet
VET
VET
-3.53%
VeChain has successfully launched the first phase of its major protocol upgrade, VeChain Renaissance – Galactica, on the testnet. The activation marks a significant milestone in what is considered VeChain’s most transformative technical and tokenomic overhaul to date. With the testnet deployment completed flawlessly, the project is now aiming for a mainnet launch on July 1st, bringing the ecosystem one step closer to its most ambitious upgrade.
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24-Hour High
$0.02485
24-Hour Volume
$349.41K
All-Time High
$0.2809
All-Time Low
$0.001917
Market Cap / FDV
99.16%
FDV
$2.14B
24-Hour Low
$0.02378
Market Cap
$2.13B
Circulating Supply
85.98B VET
Total Supply
85.98B VET
Max Supply
86.71B VET
Market Sentiment
Positive
| 1H | 24H | 7D | 30D | 1Y |
|---|---|---|---|---|
0.41% | 3.42% | 1.39% | 3.81% | 12.95% |
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VET FAQ
How to buy VET?
You can buy VET via Gate.com by following the steps on how to buy VET once you have funded your account.
What determines the price movement of VET (VET)?
There are two perspectives on how the price of VET is determined.
Fundamental Value: This approach looks at on-chain metrics, project performance, and financial indicators of VET. Over the long term, factors like supply and demand, tokenomics, use cases, project roadmap, and relevant regulations or governance can all affect VET's value.
Price Action: This perspective primarily involves using technical analysis tools like chart patterns, MACD, RSI, and Bollinger Bands to forecast price movements of VET based on past trends, based on the principle that 'history tends to repeat itself.' Price action of VET is also affected by news, announcements, and the general sentiment of the community.
While long-term investors focus on the fundamentals, short-term traders typically rely on technical indicators. Both can influence the price of VET.
What is the all-time high price of VET?
VET reached an all-time high of $0.2809 in 2021-04-19, while its current trading price is $0.02478.
What is the all-time low price of VET?
VET reached its historical low of $0.001917 in 2021-04-19.
What is the current market cap of VET?
The current market cap of VET is $2.13B, with VET’s circulating supply at 85.98B VET and the current trading price at $0.02478.
How many VET tokens are there in the market?
Currently, there are 85.98B VET circulating in the market. These VET tokens can be traded or used on the open market.
What is the maximum supply of VET?
The maximum supply of VET is 86.71B, including its circulating supply, locked or staked amounts, and any supply yet to be mined, minted, or created.
What is the fully diluted market cap of VET?
Currently, the fully diluted market cap (FDV) of VET is $2.14B. This is calculated by multiplying the circulating supply by the current price of $0.02478, assuming all of the token’s supply enters circulation.
What is the price prediction for VET?
The VET price prediction uses algorithms that automatically identify trends in historical data and make predictions and adjustments based on current market conditions. With advanced machine learning, the price prediction can help users assess the trends in the cryptocurrency market before making an investment.
Is VET a good investment?
VET has a strong return potential due to its inherent volatility, which offers opportunities for profit. However, volatility is a double-edged sword and is more suited for investors with a high-risk tolerance and good financial health. It’s important to remember that VET and the broader crypto market are always impacted by extreme market conditions, legal policies, social media stories, and other unpredictable factors. Therefore, before investing in VET, it's recommended that you conduct thorough research and practice risk management.
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