Not all of the numerous blockchain projects offer users a real utility. VeChainThor network is one of the platforms with proven usability that covers the supply chains. After a long crypto winter that started in 2021, one of the tokens powering the ecosystem, VTHO, is showing signs of recovery. Read our VTHO crypto price prediction to get a better understanding of the market situation.
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VeThor Token Price Prediction: Will the VTHO Crypto Ever Reach $1?
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Table of Contents
VeThor Token Fundamental Analysis
Project name
VeThor Token
Stock Symbol
VTHO
Current Price
0.001068067
Current Supply
63392634122
Official Website
VeThor is one of the two coins employed by the VeChainThor public blockchain launched in 2015 and rebranded in 2018. The platform derives its value from the activities created by the members within the ecosystem solving real-world problems.
VeChainThor blockchain is an open-source network that offers an increased processing speed, thus stimulating the developers to collaborate in improving the project. Thanks to its meta-transaction functions VeChainThor allows organizing multi-party payments and multi-task transactions.
The purpose of the VeChainThor network is to ensure that each part of the supply chain is synced with the quality standards and compliance measures. The project uses numerous physical trackers that check on every step of the chain to provide the fast and smooth delivery of the goods.
VTHO is a VIP-180 standard token that represents the cost of using the VeChainThor platform. It represents the smart contracts layer of the project and was created to facilitate the processes and transactions on the platform. The coin powers the transactions on the blockchain and is used as gas. VTHO covers the computational gas costs for all the transactions on VeChainThor.
Thanks to the bi-token model, the traders can participate in using both of them, thus diversifying their involvement. The value of the VTHO coin is not related to the value of VET.
At the same time, the VTHO token is derived from the VET coin. To process any transaction on the VeChainThor network for every VET coin added to the block a part of VTHO is being created.
VeThor Token Live Price Chart
After the bull rally of the crypto market in spring 2021 that made the VTHO token reach $0.025 its chart started to decline. After losing 40% of its price and dropping to $0.014 by the end of April, the asset recovered to $0.019, tried to sustain that level, but continued to fall.
Till the middle of July, the token was in a downtrend, reaching its minimum of $0.0043 on July 20. Only when the market started to flip, the VTHO went for a price recovery. 3 weeks later the token was trading for $0.015. In the next few days, the price was corrected to $0.013 and went on a downtrend that lasted till the end of September.
When most of the assets on the market were going up, the VTHO coin fell to $0.0075 on September 28, but then rose up, maintaining the price level around $0.0095 till the end of October. During the first week of November, the token went up to $0.011, and then the VTHO chart started to decline.
The downtrend lasted till the end of March. At the end of December VTHO showed signs of price recovery and jumped from $0.0054 to $0.0076, but couldn’t sustain this price. From the end of January till the end of March the asset was more stable, stabilizing at around $0.0034.
The crypto market started to flip bullish again and the VTHO coin also went up, reaching $0.0053 on March 30. It was followed by a market correction, though the asset didn’t get back to a downtrend and sustained around the level of $0.0043. The experts think the asset might get back to the December level price when it was traded at around $0.0055. There is also a possibility for the price to dip more if the crypto winter continues.
VeThor Token Technical Analysis
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.
VeThor Token Price Prediction
Below we have collected the most reliable price projections for VeThor Token (VTHO) from popular forecast platforms.
VeThor Token Price Prediction for 2023
As of the beginning of 2023, VeThor Token price predictions are mostly pessimistic, predicting a decline to $0.000342 (PricePrediction.net) and even lower, down to $0 (according to TradingBeast) by the end of 2023.
Potential ROI:
-85%
Sell
VeThor Token Price Prediction for 2024
According to TradingBeast, in 2024 VeThor Token price is predicted to decline to $0, which makes VeThor Token a poor investment option. PricePrediction.net, in turn, predicts the price drop to $0.000865, and WalletInvestor agrees with a predicted price fall down to $0.000105.
Potential ROI:
-70%
Sell
VeThor Token Price Prediction for 2025
The experts are unanimous in their VeThor Token price forecasts for 2025 — everybody expects VeThor Token’s price to drop down by the end of that year. PricePrediction.net predicts the price to fall, reaching $0.000705. According to TradingBeast’s research, VeThor Token’s price can drop down to $0. WalletInvestor’s forecast is also not so positive: its analysts hold the view that by 2025 VeThor Token’s price will be about $0.000187.
Potential ROI:
-72%
Sell
VeThor Token Price Prediction for 2026
WalletInvestor has only pessimism in store for the 2026 VeThor Token price prediction, valuing VeThor Token at $0.000081 by the end of 2026. TradingBeast agrees with a negative forecast and predicts, in turn, $0 for the same period. On the other hand, PricePrediction.net’s team is more optimistic — their VeThor Token price prediction for December of this year is just $0.001752.
Potential ROI:
-43%
Sell
VeThor Token Price Prediction for 2030
Speaking of long-term VeThor Token price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that VeThor Token price won’t grow further and, opposedly, will decline to $0.000155. TradingBeast’s price prediction for VeThor Token echoes with the projection of a downtrend to $0. Despite this, PricePrediction.net’s vision remains positive, promising growth up to $0.001421.
Potential ROI:
-51%
Sell
Summary
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.
