VeChain (VET) project explanation
VeChain is a blockchain platform focused on improving supply chain management and business processes by enhancing transparency and data traceability. Founded in 2015 by Sunny Lu, it utilizes technologies such as the Internet of Things (IoT) and smart chips (RFID) to connect real-world data to blockchain, enabling product traceability from manufacturing to final delivery. Its primary goal is to provide blockchain solutions to companies in industries such as logistics, healthcare, and food, with a focus on transparency and anti-counterfeiting.
VeChain's main features:
1 Economic code system:
◦ VET: The primary token for value transfer and storage within the system, also used for governance voting.
◦ VTHO: Used as “gas” to cover transaction and smart contract costs, helping to stabilize costs.
2. Proof of Authority (PoA) consensus: Relies on Authority Masternodes to verify transactions, providing high efficiency and low energy consumption compared to Bitcoin.
3 Strong Partnerships: VeChain has partnered with global companies such as BMW, Walmart China, LVMH, and PwC, further enhancing its adoption in major industries.
4 Real-World Applications: Used in product tracking (such as pharmaceuticals and luxury goods) to ensure quality and authenticity, and in sustainability initiatives like VeBetterDAO that encourage sustainable behaviors.
Recent updates:
• VeChain Renaissance – Galactica Upgrade: The first phase was launched on the testnet in June 2025, and is a major upgrade aimed at improving technical performance and technonomics.
• New partnerships: such as appointing Dana White (UFC President) as an ambassador to promote real-world blockchain adoption.
Trading recommendations on the Binance platform
Important Notes:
• The following recommendations are based on technical and fundamental analysis from reliable sources, but financial markets are volatile, so you should conduct your own research and manage risks carefully.
• The current price of VET (June 20, 2025) is around $0.02146 with a daily trading volume of around $24.19 million.
1. Short-term trading (1-7 days):
• Current status:
◦ VET is showing short-term bullish momentum with a +7.97% increase in 24 hours, trading at around $0.04783 (as of recent updates).
◦ Resistance levels: $0.04890 - $0.0520.
◦ Support levels: $0.04750 - $0.0450.
Technical indicators:
▪ RSI: Approaching the overbought zone (67.41), indicating a possible short-term correction.
▪ MACD: Shows bullish signals, but there are risks of correction if the $0.04750 level is not held.
• Trading strategy:
◦ Buy: Wait for a drop to the support level around $0.04750 for a good entry point.
◦ Sell: Target the resistance level at $0.04950 or $0.05100 to take profit.
◦ Stop Loss: Place a stop loss at $0.04550 to reduce risk.
Recommendation: Monitor trading volume, as high volume (e.g., 637.64 million VET) indicates continued momentum. If the price pulls back to $0.04650-$0.04700, it could be a good buying opportunity.
2. Medium-term trading (1-3 months):
• Current status:
◦ VET is showing an upward trend in the medium term, recording a growth of +102.54% in 30 days.
◦ The 50-day moving average is bullish and below the current price, supporting the continuation of the uptrend.
◦ Price forecast for the end of 2025 ranges from $0.0234 (minimum) to $0.0572 (maximum), with an average of $0.05228.
• Trading strategy:
◦ Buy: Target dips to $0.04369 (previous support level) to build a gradual position using the DCA (Dollar-Cost Averaging) strategy.
◦ Sell: Target resistance levels at $0.0550 or $0.07386 if the upward momentum continues.
◦ Stop Loss: at $0.0400 to avoid losses in case the market declines.
Recommendation: With continued partnerships (such as UFC and AWS) and the Galactica upgrade, VET may see positive momentum. Monitor news related to institutional adoption and technical developments.
3. Long-term trading (1-5 years):
• Current status:
◦ Price forecasts indicate steady growth:
▪ 2026: Average $0.07842 (Max: $0.11763).
▪ 2028: Average $0.11763 (Max: $0.17645).
▪ 2030: Average $0.26468 (Max: $0.39702).
◦ VeChain has strong fundamentals thanks to its partnerships with major companies and its focus on sustainability and real-world applications.
◦ Risks: Market volatility, competition from other blockchain projects, and regulatory changes.
• Trading strategy:
◦ Buy: Invest gradually on dips (e.g. $0.0300-$0.0400) to reduce risk.
◦ Long-term goal: Hold the coin until it reaches $0.10-$0.20 by 2028-2030, benefiting from the growth in institutional adoption.
◦ Risk Management: Diversify the portfolio with other coins such as ADA and XLM to reduce dependence on VET.
Recommendation: VeChain is a promising project thanks to its practical applications and strong partnerships. Invest with amounts you can afford to lose, while monitoring the project's progress, such as VeBetterDAO, and its expansion into Web3.
General tips for trading on Binance:
1 Use leverage: If you are trading futures, use low leverage (such as 3x-10x) to reduce risk.
2 Risk Management: Do not invest more than you can afford to lose, and always use stop-loss orders.
3. Follow the news: Monitor official VeChain announcements and market updates on platforms like Binance Square.
4 Technical Analysis: Use tools such as RSI, MACD, and Fibonacci levels to identify entry and exit points.
Warning: Cryptocurrency markets are highly volatile, and you may lose capital. Conduct your own research and consult a financial advisor if necessary. For more information on buying VET on Binance, see the buying guide on the official website: Binance VET Guide.
If you need deeper analysis or additional strategies, let me know!
