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Salesforce Tests VeChain Blockchain, Sending VET to New Highs

Salesforce Tests VeChain Blockchain, Sending VET to New Highs

Shutterstock cover by Maquette.pro

VeChainThor's latest strategic partner is causing a surge in VET prices, adding fuel to its bull run.

by Ali Martinez

2 min read

In Finance

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Salesforce Inc. (CRM) price

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Market cap
$199.3B (shares as of 2026-08-20)
P/E (trailing)
22.2 (EPS to 2026-07-31)
Annual revenue
$41.5B USD (FY ended 2026-01-31) 10-K
Annual revenue growth
+9.6% (FY ended 2026-01-31 vs FY ended 2025-01-31) 10-K
Annual net income
7,457,000,000 USD (FY ended 2026-01-31, attributable to the company) 10-K
Annual operating margin
20.1% (FY ended 2026-01-31)
Forward P/E
Unavailable: no dated forecast source

Gloria daily close for session Oct 28, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Salesforce Inc. and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Salesforce Inc. CRM · Price dated Oct 28, 2026 · tokenized CRMx $242$199.3B22.2Unavailable$41.5BFY ended 2026-01-31 · 10-K+9.6%FY ended 2026-01-31 vs 2025-01-31 · 10-K7,457,000,000FY ended 2026-01-31, attributable to the company · 10-K20.1%FY ended 2026-01-31
Shopify Inc. SHOP · Price dated Oct 28, 2026 $168Unavailable113.7Unavailable$11.6BFY ended 2025-12-31 · 10-K+30.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K1,231,000,000FY ended 2025-12-31, attributable to the company · 10-K12.7%FY ended 2025-12-31
CrowdStrike Holdings Inc. CRWD · Price dated Oct 28, 2026 · tokenized CRWDx $267$273.0BNot meaningfulLoss, diluted EPS −0.45
to 2026-07-31 · SEC filing		Unavailable$4.8BFY ended 2026-01-31 · 10-K+21.7%FY ended 2026-01-31 vs 2025-01-31 · 10-K−162,502,000FY ended 2026-01-31, attributable to the company · 10-K−6.1%FY ended 2026-01-31
ServiceNow Inc. NOW · Price dated Oct 28, 2026 $150$155.8B108.0Unavailable$13.3BFY ended 2025-12-31 · 10-K+20.9%FY ended 2025-12-31 vs 2024-12-31 · 10-K1,748,000,000FY ended 2025-12-31, attributable to the company · 10-K13.7%FY ended 2025-12-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 29, 2026, 11:41 AM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

VeChain made headlines after Salesforce announced it would test the firm’s traceability solutions platform, VeChainThor.

Salesforce Begins Testing on VeChain

VeChain’s native token, VET, saw its price surge by more than 70% since late March following a minor retracement. Investors have been taking advantage of every downswing to scoop tokens at a discount, helping prices advance further. 

The mounting buy pressure behind this cryptocurrency allowed it to hit a new all-time high of $0.130 in the past few hours. 

Salesforce’s decision to enable open, seamless data sharing across multiple parties, using data hashed on the VeChainThor public blockchain, seems to have fueled the most recent upswing. 

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Sunny Lu, CEO at VeChain, maintains that Salesforce’s integration could help boost VET utility exponentially. 

“Salesforce has started to make the first trial on the VeChainThor public blockchain. I’m really excited about that because of how big Salesforce is. They are a $100 million firm with millions upon millions of customers. Given their expertise and industry know-how in different areas, they could build thousands of applications in the future on top of the VeChainThor public blockchain,” said Lu. 

Token Targets New All-Time Highs

While the network’s utility expands, the price of VET looks headed for the 261.8% Fibonacci retracement level at $0.136 (measured from the high on Mar. 22 to the low Mar. 25). 

Breaking through this potential area of interest may lead to another upswing towards $0.150. 

VeChain US dollar price chart
VET/USD on TradingView

It is worth noting that the Tom DeMark (TD) Sequential indicator recently presented a sell signal on VET’s 12-hour chart. The bearish formation developed as a green nine candlestick, indicating a high probability of a correction before the uptrend resumes. 

Losing the $0.120 level as support could validate the pessimistic outlook. If this were to happen, VET might dive toward the 161.8% or 127.2% Fibonacci retracement level. 

These crucial support areas sit at $0.113 and $0.105, respectively. 

Disclosure: At the time of writing, this author owned Bitcoin and Ethereum.

Disclosure: This article was edited by Ali Martinez. For more information on how we create and review content, see our Editorial Policy.

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