The price of VTHO has been fairly stable for the past few months. After the price rise in the first quarter of 2021, the VeThor token has down trended, and ever since that, the price value of the VTHO has been in a sideways trend. With the market rank of 168 at the moment, does the VeThor network has the potential to create a huge return on investment for the speculators?
VeThor Token Overview
| Cryptocurrency | VeThor Token |
| Ticker Symbol | VTHO |
| Price | $ 0.005372 |
| Price Change 24H | -0.49% |
| Price Change 7D | -19.57% |
| Market Cap | $ 239,232,150 |
| Circulating Supply | 44,547,425,411 VTHO |
| Trading Volume | $ 4,342,030 |
| All Time High | $0.04201 |
| All Time Low | $0.0001526 |
| VeThor Token ROI | 76.14% |
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Let’s find out as we learn more about the working of VeThor and what it offers to differentiate itself in the saturated market of cryptocurrencies.
The Overview of VeThor (VTHO)
The VeChain crypto is aimed to improve the performance of several processes. It powers the supply chain management process by ensuring that each stage of the supply chain is in sync with the quality parameters and compliance measures. Now, the VeChainThor public blockchain plays as a host to the VeChain ecosystem. The VeChain Explorer service contains a history of all crypto transactions that it had.
The VeChainThor is a blockchain made for enterprises that cater to changing needs. These are applications built on the VeChainThor blockchain, which businesses can use. Each and every business can build a decentralized application for themselves if they desire. VeChainThor blockchain aims to build a sustainable and scalable business-focused blockchain ecosystem. VeThor Token VTHO is one of the two tokens employed by the VeChainThor public blockchain.
The two token system makes the network faster and more efficient when compared with other blockchain networks. The VET token is the primary means for transferring value on the blockchain network. The VTHO, which is the native token of the VeThor Blockchain, enables users to diversify their involvement and separate the market speculation activities from the cost of using the VeChainThor Blockchain.
One thing to be noted here is that the VeThor token is not related to the market value of the VeChain token but grows and moves as a separate entity that allows execution of operations on the network instead of having a specific role to play in the VeChain Thor ecosystem.
On a different note, the authority nodes that validate transactions on the network are determined by ownership of VET, while the VeChain Foundation is in charge of selecting these nodes. The VET tokens are used for creating VTHO, where the latter represents the cost of using VeChainThor, and the VET is subjected to market risks. This is why the VTHO is not exposed to the risks. The relationship between the VET and VTHO is dependent, so there would be no method where VET is paid without VTHO and vice versa.
The number of VTHO a user gets is directly proportional to the number of VET tokens one has. With a new block generated on a network, a specified number of VTHO tokens is generated per single VET held by the user. At the moment, a new block is created on the blockchain every 8 seconds. This number is likely to increase in the future as the coin gains more popularity and becomes normal to be applied in the enterprise sectors.
In a transaction, after it is confirmed, 30 percent of the transaction value is paid out to the authority nodes, and the remaining 70 percent is destroyed. The authority nodes are the ones doing the confirmation of the smart contracts transactions. Therefore, the network pays out to the authority nodes as an incentive for the computing power used. The VTHO and VET are part of an infrastructure where one complements the other, allowing faster transaction speeds and operations for the enterprise services.
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The History of VeThor
The founder, also the CEO of VeChain, is Sunny Lu. Sunny’s professional career took several turns, starting in 2009 when he became the IT Manager of Bacardi China. Later, he turned his attention to the fashion world, becoming the CTO for Louis Vuitton China. In 2014, he switched over to the Information Technology sector, becoming the CIO of the Chinese division. In 2015, he came up with the idea of VeChain and founded the company.
At first, the VeChain network was a subsidiary of China’s blockchain industry Bitse. Later, after moving away from Bitse, VeChain became an enterprise itself. In 2018, the company went through a significant rebranding process, resulting in the VeChainThor Blockchain and the creation of the VeThor coin for its governance.
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Features of VeThor Network
The Meta transactions features are native to the VeChain Thor blockchain protocol, allowing several working use cases. Multi-party payment, multi-task transaction, controllable transaction lifecycle, transaction dependency make the development of VeChain Thor Blockchain easier for users for its enterprise adoption.
Some of the features it provides are its BlockRef and Expiration transaction fields, where users can set the time when the transaction is processed or expired if not being included in a block. The flexible transaction fee delegation schemes enable the freemium model within a decentralized app to onboard users without a payment barrier.
The multi-task transaction is a multi-function atomic transaction, enabling developers to batch payments, add multiple calls to different contract functions into one transaction and determine the sequence in which they will be executed. It also offers setting dependencies to ensure the execution order meets the business need.
VeThor (VTHO) Technical Analysis
The price of VTHO saw a great bullish trend in the first quarter of 2021, steadily increasing in price by forming a good consolidation base. This upward momentum came to a halt in the latter half of April as the token’s price broke and touched its 50-day simple moving average. For the next three months, the future price of the VeThor token (VTHO) continued to be in a downtrend. Around the price level of $0.005, VTHO/USD token’s price establishes a support level in July and shortly afterward rises again.
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The Accumulation/ Distribution Indicator shows that most of the volume is lost during the period of a downtrend, which occurred from May to July. At the beginning of the year, the VeThor token price spiked up on high volume signaling strong accumulation. Ever since that, the next time the token price moved up on high volume was in July, when the VTHO price moved up again, above the 50-day moving average. The current price of VeThor token looks quite bearish, hovering just below the 50-day simple moving average. Any VTHO/USD breakouts in either direction might be a good way to enter the crypto community.
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The beginning of 2021 started with the RSI indicator raising an overbought condition. The volatility in the VeThor token price rose a little during this time, but this was just the beginning. The volatility rose again, as can be seen by the Bollinger bands, and the RSI indicator again raised an overbought condition. However, this time the chart started to the bullish trend. VTHO price lost its volatility during the bearish trend after May. The VeThor token (VTHO) price lost its momentum and formed a new low.
The VeThor token cryptocurrency price picked up again on high volume raising above the 50-day moving average. The current price is stable with no significant volatility. Now, according to our VTHO price forecast, it may be the perfect time for crypto traders or investors to initiate their positions into the VeThor token (VTHO). However, traders should do their own research and technical analysis before deciding to buy or sell VeThor token.
VeThor Price Predictions: 2021-2026
We have used accurate crypto market analysis and predictive data modeling for VeThor price prediction for the VeThor token price forecast over the next five years. Although using historical values to predict the future VTHO prediction is not the right indication of where the price will be, it should be noted that this is not a horoscope.
Investors must understand their risk tolerance and how they want to enter the financial markets. As the cryptocurrency market is highly volatile and subject to risks, there always lies a possibility that the predicted price might not be the intrinsic value, and the whole thing might come crumbling down. So we are providing the best predictions that we have currently come up with.
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VeThor Token Price Prediction 2021
The VTHO price prediction 2021 is quite bullish despite the recent slump in crypto prices. The data from VTHO price prediction 2021 models based on the latest news and past data shows that the future price of VeThor token will reach an average trading price of $0.011. The VTHO/USD maximum and minimum price levels will be $0.012 and $0.010, respectively. However, traders or investors should trade or invest cautiously to avoid losses.
VeThor Token (VTHO) Price Prediction 2022
As per the forecast, the price of VTHO is expected to reach a minimum level of $0.014. The VeThor token’s price can reach a maximum level of $0.016. The average price of the token throughout the year will be around $0.015.
VeThor Token Price Forecast 2023
The price of VeThor token is forecast to reach a minimum price of $0.0165, with the highest price of $0.019 in 2023. The average trading price of the token throughout the year is expected to be near $0.017.
VeThor Token Price Predictions 2024
As per the VeThor price prediction models, the minimum price level of the VeThor token will be $0.02. The maximum price will be $0.025, with an average trading price of around $0.022 throughout 2024.
VeThor Token Price Prediction 2025
According to the price analysis and VTHO price prediction for 2025, the minimum price of VeThor (VTHO) will be $0.03, and the maximum price level will be $0.035. The average price will be $0.033 in 2025.
VeThor Token Price Predictions 2026
The cryptocurrency prediction models show that the lowest VTHO price is expected to be $0.036. The maximum price of VeThor token cryptocurrency will be $0.04 while maintaining the average price of $0.038 in 2026.
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Frequently Asked Questions (FAQs)
Where to buy VeThor token?
One of the recommended cryptocurrency exchanges to purchase a VeThor coin is Binance. Binance has a high trading volume making it a good choice for buying crypto. Bitvavo and MXC.com also offer options to buy VeThor tokens.
Is the VeThor token a good investment?
VeThor token has a good long-term earning potential. In the long term, the VTHO is predicted to be a profitable investment by continuing to increase in price, market cap, trading volume and thus generate great returns for the investors.
How much will the VeThor token (VTHO) be worth in 2030?
At the time of writing technical analysis and VTHO price forecast, the market cap of the VeThor VTHO token is more than $420 million with a circulating supply of 42.21 billion of current supply. The last 24-hour trading volume is $28 million, and the fully diluted market cap is around $419 million. As per our bullish VTHO price prediction 2030, the VeThor token might record the highest price of $0.1 in 2030.
Is the VeThor token secure enough?
The VeThor network uses VeChain, using a proof of authority PoA consensus mechanism, allowing it to validate transactions efficiently. Although it is not built on the Ethereum blockchain, its foundation is heavily influenced by the Ethereum Virtual Machine (EVM) and uses some of the concepts of the Ethereum blockchain.
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