Not every cryptocurrency is for trading and making overnight profits. Some of them are in for the real-world problems.
Vechain aims to lower the barriers for anyone who wishes to start a business. It also wishes to enable businesses worldwide to use the power of the blockchain technology to solve real-world economic problems.
Whether you are an entrepreneur, start-up, institution, or a regulator, Vechain can make your business life simpler.
What is the Vechain crypto coin?
The VET coin is the native currency of the Vechain network. There is a maximum supply of 86.7 billion VET coins. According to coinmarketcap, 64.32 billion coins are in circulation. Similarly, if the circulation reaches maximum supply, we will see the price escalate.
Vechain cryptocurrency coin live price today as of 26th April 2022:
4.30 INR – VET price in INR
0.056 USD – VET price in USD
Why should I buy the Vechain crypto coin?
Here are a few reasons you must consider investing in the VET coin.
1. It helps businesses improve their supply chain management.
2. The coin is here to boost businesses worldwide. They succeed, you succeed.
3. Partnerships with BMW, Renault, and other top companies.
4. Finally, for a coin that pumped over 1,200% in 2021, there is tremendous scope for this coin to boost again.
What is the use of the Vechain crypto coin?
Here are a few use cases of this coin that regular investors must know.
1. Paying fees for transactions on the network.
2. Stake VET coins on different platforms to earn interest.
How to buy the Vechain crypto coin in India?
There are many cryptocurrency apps in the market where you can purchase the VET coin. However, I believe the best cryptocurrency apps in India are these two platforms that I have been using – Binance and WazirX.
I have read good Binance reviews from customers in India and abroad. Both Binance India and Wazir X are easy-to-use platforms, and I have never faced problems while depositing or withdrawing money.
Here are the basic steps you must follow on each cryptocurrency app.
1. Sign up
2. Add a Bank account
3. KYC verification
4. Deposit INR/USD in your wallet.
5. Start trading
Vechain crypto price prediction:
In 2021, the VET coingrew from 1.5 INR to 19.5 INR, a whopping 1,200% increase. If you invested INR 15000 and bought 10000 VET coins, their value during that year would be INR 195,000.
In 2022, the cryptocurrency market is going through a bear phase. The VET coinprice now stands at INR 4.30 today. Hence, price predictions for this are very promising. If you believe in the future of the Vechain network, it can end the year between INR 5.16 – INR 6.45 (20 – 50% growth.)
FAQs:
1. Is cryptocurrency legal in India?
Yes, cryptocurrency is legal in India. From 1st April 2022, if you buy any digital currency, you will incur a 30% + 1% TDS cryptocurrency tax in India.
2. Can the VET coin be converted to cash in India?
Yes. You can buy the Vechain crypto coin on multiple currency exchange platforms in India. These platforms support buying the VET coin in INR.
3. Is the Vechain crypto a good investment?
Yes. As supply chain management evolves, so will the Vechain cryptocurrency coin.
4. Which is the best research tool for cryptocurrency online trading?
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