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VECHAIN price, news and Forecast (VET US DOLLAR)

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Dogecoin and Shiba Inu Price Forecast: DOGE and SHIB show early signs of a bullish breakout

Dogecoin and Shiba Inu Price Forecast: DOGE and SHIB show early signs of a bullish breakout

Dogecoin (DOGE) and Shiba Inu (SHIB) show early signs of a potential rally as both meme coins stabilize at key support levels. On-chain metrics for dog-themed meme coins show positive funding rates and dormant activity, reinforcing bullish sentiment. The technical outlook also supports the case for double-digit gains.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple: BTC inches toward all-time high, ETH and XRP defend key support levels

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple: BTC inches toward all-time high, ETH and XRP defend key support levels

Bitcoin (BTC) price stabilizes at around $106,400 at the time of writing on Wednesday, just 3% shy of its record peak. Ethereum (ETH) and Ripple (XRP) hold strong above their key support levels. 

US lawmakers question SEC Chair Atkins over President Trump's meme coin ties with Justin Sun

US lawmakers question SEC Chair Atkins over President Trump's meme coin ties with Justin Sun

The Securities and Exchange Commission (SEC) Chair Paul Atkins sat with House of Representatives members at Tuesday's House Appropriations Committee hearing to discuss the agency's stance on President Donald Trump's affiliated meme coin launches and the Trump family ties with Justin Sun.

Ethereum Price Forecast: ETH holds steady at $2,500 despite increasing selling pressure

Ethereum Price Forecast: ETH holds steady at $2,500 despite increasing selling pressure

Ethereum (ETH) held steady above $2,500 on Tuesday despite investors stepping up their selling pressure with high profit-taking and loss realization activity. Ethereum saw another round of rising selling activity on Tuesday, following a decline across the Mean Coin Age metric of short-term holders (STHs) and long-term holders (LTHs).

Bitcoin: BTC stabilizes near $103,000 amid trade optimism, rising institutional demand

Bitcoin: BTC stabilizes near $103,000 amid trade optimism, rising institutional demand

Bitcoin (BTC) price stabilizes at around $103,000 when writing on Friday, after facing multiple rejections at the key $105,000 resistance level throughout the week.

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WHAT IS VECHAIN?

VeChain is a blockchain platform based in Singapore and China. It has operations in Asia, but also in Europe and America. It was founded in 2015 by CEOs Sunny Lu and Jay Zhang. It’s designed to enhance supply chain management and business processes. It uses physical tracking combined with blockchain records to keep tabs on real-world products from production to delivery, preventing fraud and increasing transparency. VeChain aims to provide a full view of an organization by disintermediating information from data silos.

VeChain mixes a decentralized and a centralized model, which balance will vary as the ecosystem matures, starting with a structure more centralized at the start and slowly giving more power to the community. It wants to become a leading platform for ICOs and for conducting transactions between IoT connected devices. VeChain has two tokens: a VeChain token (VET) as a value layer and a VeChain Thor Energy (VTHO) as a smart contract layer.

Characteristics of VeChain

VeChain was founded in 2015 but the first version wasn’t launched until June 2016. Its main characteristics are:

  • VeChain takes a very specialized approach to its development, designing a specific structure for the movement of goods and services across the supply chain. That makes VET a utility token.
  • It has two token systems: VET, which funds the projects; and VTHO, which powers the blockchain.
  • Blockchain technology records data without giving the option of being changed. That allows a truthful record of the conditions throughout the supply chain.
  • It can be used to verify the authenticity of the items purchased, especially important for tackling fraud in the luxury goods sector.

Differences between Bitcoin and VeChain

  • VeChain runs on top of the Ethereum blockchain while Bitcoin has its own infrastructure.
  • VET specialty is supply chain management to track luxury goods, food, pharmaceuticals, and much more.
  • VeChain has been optimized for performance to process up to 10,000 transactions per second while 4.6 transactions while the Bitcoin blockchain can currently guarantee only 4.6 transactions per second.
  • VeChain has a total maximum supply of 86.7 billion and Bitcoin has a max supply of 21 million.