Vana is a decentralized platform focused on creating a user-owned data economy and supporting the development of decentralized artificial intelligence (AI). By allowing individuals to control, share, and monetize their personal data, Vana introduces a novel approach to data ownership in the digital age. The VANA token serves as the native utility and governance asset within this ecosystem.
The live price of Vana (VANA) is subject to constant change due to market dynamics. At the time of writing, it is valued at approximately $4.23. Over the past 24 hours, the trading volume has reached around $25,451. The token has experienced a decrease of about 3.38% in the past day and a decline of roughly 9.19% over the last week. With a circulating supply of 30,084,000 VANA tokens, its market capitalization stands near $127.3 million, ranking it within the top 200 cryptocurrencies globally.
Vana (VANA) Real-Time Performance Overview
Cryptocurrency prices are highly volatile, and VANA is no exception. Its value is influenced by factors such as supply and demand, overall market sentiment, developments within its ecosystem, and broader macroeconomic trends.
Key Metrics (Representative Values):
- Current Price: ~$4.23
- 24h Trading Volume: ~$25,451
- Market Capitalization: ~$127.3 Million
- Circulating Supply: ~30.08 Million VANA
- Max Supply: 120 Million VANA
Periodic performance analysis helps understand short and long-term trends. Here’s a simplified look at recent price changes:
| Period | Approximate Change | Change (%) |
|---|---|---|
| Today | -$0.137 | -3.14% |
| 7 Days | -$0.428 | -9.20% |
| 30 Days | -$2.78 | -39.73% |
| 3 Months | -$1.62 | -27.71% |
It is crucial to remember that past performance is not indicative of future results. Always conduct your own research (DYOR) before making any investment decision.
The Value Proposition of the Vana Ecosystem
Vana aims to redefine how personal data is used and valued online. Its core mission is to return data ownership to the individual, creating a more equitable digital economy.
Primary Features and Utilities:
- Data Ownership: Users retain full control over their personal data, deciding how it is used and by whom.
- Monetization: Individuals can earn rewards and monetize their data by contributing to decentralized data pools.
- Decentralized AI: The platform supports the development of AI models that are trained on user-permissioned data, fostering a more open and transparent AI ecosystem.
- Community Focus: A significant portion (44%) of the total VANA token supply is dedicated to rewarding community participation and contributions.
The platform's utility is a significant driver of the token's potential value. As the ecosystem grows and more users and AI companies participate, demand for the VANA token may increase. 👉 Explore more strategies for evaluating emerging crypto projects based on their utility and ecosystem growth.
Factors Influencing Vana's (VANA) Price
The price of VANA is subject to a variety of influencing factors, both internal to its project and external from the wider market.
Key Influencers:
- Adoption and Network Usage: Increased activity from AI companies using VANA tokens to access Data Liquidity Pools (DLPs) can create buying pressure.
- DataDAO Success: The performance and popularity of individual DataDAOs on the network can attract more users and investors, boosting overall ecosystem health.
- Staking Mechanisms: The ability to stake VANA tokens to support DataDAOs and earn rewards can reduce the circulating supply, potentially affecting price.
- Ecosystem Expansion: The development and launch of new decentralized applications (dApps), like the DataDex platform, enhance the token's utility.
- Market Sentiment: Like all digital assets, VANA is affected by general trends in the cryptocurrency market and global economic conditions.
How to Stake VANA Tokens
Staking VANA tokens allows you to actively participate in the network's governance and earn potential rewards by supporting DataDAOs.
General Staking Process:
- Secure a Wallet: Use a self-custody wallet that supports the VANA token and the Ethereum network, where your private keys are in your control.
- Acquire VANA: Obtain tokens through a supported cryptocurrency exchange.
- Choose a DataDAO: Research different DataDAOs within the Vana ecosystem to find one whose goals and reward structure align with your interests.
- Delegate Stake: Navigate to the official Vana platform or your wallet's interface to delegate your tokens to your chosen DataDAO.
- Earn Rewards: Receive staking rewards distributed periodically based on the DataDAO's performance and your staked amount.
Frequently Asked Questions
What is the all-time high and low for Vana (VANA)?
The all-time high price for VANA was approximately $35.53. The current price is significantly below this peak. Conversely, its all-time low was around $3.86, meaning the current price is above this historical floor.
How is the market cap of Vana calculated?
Market capitalization is calculated by multiplying the current price of a single token by the total number of tokens in circulation. For VANA, this is roughly $4.23 multiplied by ~30.08 million tokens, resulting in a market cap of approximately $127.3 million.
Is Vana a good long-term investment?
The long-term potential of any cryptocurrency depends on widespread adoption and the real-world utility of its platform. Vana's focus on user-owned data and decentralized AI presents a compelling use case. However, it is a speculative asset, and its success is not guaranteed. Investors should carefully assess the project's fundamentals, team, and roadmap.
Where can I securely store my VANA tokens?
You can store VANA in any self-custody wallet that supports Ethereum-based tokens, such as MetaMask or Trust Wallet. For maximum security, consider using a hardware wallet. Always ensure you safeguard your private keys and recovery phrases.
How can I convert VANA to cash?
To convert VANA to fiat currency (like USD or EUR), you typically need to use a cryptocurrency exchange. The process involves selling your VANA for a stablecoin or a major cryptocurrency like Bitcoin or Ethereum, which can then be sold for fiat and withdrawn to your bank account.