What is VET (VeChain) and what is its potential?

VeChain (VET) is a cryptocurrency focused on supply chain management using blockchain. Its main goal is to ensure the authenticity, traceability, and transparency of products in industries such as food, pharmaceuticals, fashion, and automobiles. Large companies like BMW, Walmart China, and DNV are already using its technology.

VeChain operates with a dual token system:

• VET: used to transfer value within the network.

• VTHO: used to pay fees for using the network (gas fees).

Thanks to its technology called Proof of Authority (PoA), VeChain is fast, efficient, and environmentally friendly. Its VeChainThor platform allows both governments and businesses to develop decentralized applications (dApps) focused on sustainability, logistics tracking, and certification.

Potential:

VET is expected to increase in value over the next few years due to the growth of real usage of its network. Some predictions estimate it could reach between 0.10 to 0.50 USD by 2026 and more if it is adopted on a large scale.

VeChain is one of the few cryptocurrencies with solid use cases in the real world, giving it great long-term potential.