VeThor (VTHO) is the VIP-180 standard token used in the VeChainThor public blockchain (a unique standard based on ERC-20). It is one of the two tokens of the network: the purpose of VTHO is to power the network, and the other token-VET-is a means of transferring value.
VeChain, the foundation behind VeThor, was established in China in 2015, although it was originally just a subsidiary of a larger blockchain platform Bitse. In 2018, VeChain switched to its blockchain and changed its name. The company faces enterprise customers and its goal is to accelerate the digital transformation of enterprises by integrating blockchain and the Internet of Things into the supply chain management framework. This allows data collected from sensors, RFID, etc. to be collected on the chain. Due to the tamper-proof nature of blockchain technology, anyone with access to the chain can verify the information stored there. This promotes trust among stakeholders, helps avoid losses due to process inefficiencies, eliminates corruption and simplifies supply chain management in general. VeChain uses a Proof of Authority (PoA) consensus protocol, which means that blocks are verified by multiple authorized master nodes that comply with KYC standards.
Although the actual economic activities in the network use VET tokens, VTHO is required for transaction fees and to facilitate all normal work. VTHO is a consumable and will burn after a few uses; the good news is that it has not been mined, it just automatically appears in the wallet of VET holders.
When VeChain launched VTHO to the market in the summer of 2018, there was a brief post-launch frenzy when the price of VTHO jumped to $0.04. Later, the price was revised, and it fell below US$0.001 in November of the same year and remained until early 2021 (with some minor exceptions). During that time, it was relatively unknown, especially to the Western public. It quietly established its own ecosystem and partnerships, some of which seemed very important, such as the COVID-19 risk management system or Walmart China Food traceability solutions. Please note that VeChain has specially produced two token systems to protect VTHO prices from market fluctuations, but in the face of the huge interest in all cryptocurrencies in early 2021, it did not fully work. As a result, VTHO prices soared in April 2021 (like many other companies) to almost $0.03. Since then, its price has been falling for most of the time, although the trend in mid-June may suggest a trend reversal after reaching about $0.004. However, it is too early to draw conclusions.
Although it is almost impossible to perform 100% accurate technical analysis of the VeThor token cryptocurrency, on this advanced technical analysis tool of TradingView, you can view the real-time summary VTHO trading ratings within the selected time frame. The summary of VTHO/USD is based on the most popular technical indicators — moving averages, oscillators and pivots.
Below we have collected the most reliable price predictions for VeThor token (VTHO) from popular prediction platforms.
According to WalletInvestor, the price of VeThor tokens will rise from $0.0067 to $0.0191 within one year. This makes VTHO a great investment. The long-term profit potential is 185.07%. The forecast price at the end of 2026 is $0.0715.
When answering the question about whether the VeThor token is a good investment, TradingBeasts responded in the affirmative. From the perspective of 2021, the price of the token is expected to reach US$0.0097400 and increase to US$0.0113014 by the end of 2022.
In the DigitalCoin analysis, the price of VeThor token cryptocurrency will rise from today’s 0.0067675 US dollars to 0.026412 US dollars in the next 5 years. By 2022, it will rise to $0.0113546 and continue to grow in 2023-2024. Based on this prediction, VeThor token is a profitable long-term investment.
From the analysis cited above, it is clear that the VeThor token (VTHO) forecast is quite contradictory. There is no general consensus on the positive or negative trend of VTHO prices in the future. In fact, the possible future growth depends on many factors: announcements, new technical solutions for the VeThor token project, overall encryption environment, legal status, etc. We would like to remind you that you must conduct your own research (DYOR) before investing in any cryptocurrency.
Disclaimer: This article should not be considered as providing trading advice. The cryptocurrency market suffers from high volatility and occasional arbitrary fluctuations. Any investor should research multiple viewpoints and be familiar with all local regulations before investing.
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