VeThor (VTHO) is a VIP-180 standard token (a unique standard based on ERC-20) used in the VeChainThor public blockchain. It’s one of the network’s two tokens: VTHO’s purpose is powering the network, while the other token — VET — is a means of transferring value.
VeChain, a foundation behind VeThor, was founded in China in 2015, though it was initially just a subsidiary of a larger blockchain platform Bitse. In 2018, VeChain moved to its blockchain and rebranded. The company’s geared towards enterprise clients, and its goal is to speed up businesses’ digital transformation by integrating blockchain and IoT into the supply chain management framework. This allows data gathered from sensors, RFID, etc. to be collected on the chain. Due to the blockchain technology’s tamper-proof nature, anyone who has access to the chain can verify the information stored there. This facilitates trust between stakeholders, helps to avoid losses due to inefficient processes, eliminates corruption and generally simplifies supply chain management. VeChain uses Proof-of-Authority (PoA) consensus protocol which means the blocks are verified by a number of authorized, KYC-compliant master nodes.
While actual economic activity in the network uses the VET token, VTHO is needed for transaction fees and to facilitate everything working correctly in general. VTHO is consumable and burns after a few uses; the good thing is it’s not mined, it just appears automatically in VET holders’ wallets.
When VeChain introduced VTHO to the market in the summer of 2018, there was a short-lived post-launch frenzy, when VTHO’s price jumped to $0.04. Later the price has corrected, dropping below $0.001 by November of the same year, where it had stayed until early 2021 (with a few small exceptions). During that time it’s been relatively unknown, especially to the Western public, quietly building its ecosystem and partnerships, some of which seem quite significant, like a COVID-19 risk management system or Walmart China food traceability solution. Note that VeChain made its two-token system specifically to protect VTHO price from market volatility, but it didn’t quite work in the face of the overwhelming wave of interest to all things crypto in early 2021. As a result, VTHO price soared in April 2021 (like many others), almost reaching $0.03. Since then, its price has mostly been in decline, although the mid-June movement may hint at a possible trend reversal after hitting ~$0.004. Still, at this time it’s too early to tell.
Despite the fact that 100% accurate technical analysis for VeThor Token cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated VTHO buy-and-sell rating for selected timeframe. The summary for VTHO/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Below we have collected the most reliable price projections for VeThor Token (VTHO) from popular forecast platforms.
According to WalletInvestor, VeThor Token price will grow from $0.0067 to $0.0191 in one year. That makes VTHO an awesome investment. The long-term earning potential is 185.07%. Predicted price for the end of 2026 is $0.0715.
Answering the question about if VeThor Token is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $0.0097400 with a growth to $0.0113014 by the end of 2022.
In DigitalCoin analysis, the price of VeThor Token cryptocurrency will rise in the next 5 years starting from $0.0067675 as of today’s price to $0.026412. It will go up to $0.0113546 by 2022 and continue its growth in 2023–2024. Based on this forecast, VeThor Token is a profitable long-term investment.
As it can be clear from the analysis cited above, VeThor Token (VTHO) projections are rather contradictory. There is no universal consensus either about positive or negative future VTHO price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the VeThor Token projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 450 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.
Passionate about crypto and want to get more news and price predictions daily? Join SwapSpace’s blog!