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VeThor Token Price Prediction: Does VeThor Token Have a Future?

Apart from the outstanding features of the VeChain network, the VTHO token popularity is expected to increase with the expansion of the use cases, which was happening during the last 3 months. Read our VTHO Price Prediction to see if you should consider this asset as a profitable investment.

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VeThor Token Fundamental Analysis

Project name
VeThor Token
Stock Symbol
VTHO
Current Price
0.0036
Current Supply
44972667894

VeThor (VTHO) token is one of the two assets of the VeChain Thor public blockchain. The network was initially launched in 2015 and underwent a total rebranding in 2018. Unlike the VeChain token, which is a native asset of the network, VeThor is the token powering the network and the transactions on it. 

VeChain Thor platform was originally created as a subsidiary for a Chinese blockchain industry — Bitse, but was later separated to develop as an independent project.  It boasts increased processing speeds and an open-source design, so the developers can work on the projects together. The blockchain also offers users multi-party payments and multi-task transactions, so different types of enterprises can benefit from the network. The main goal of the network is to provide a secure and transparent supply chain for enterprises. 

VTHO is a token of VIP-180 standard and its price represents the cost of using the VeChain Network. It enables processes and transactions on the blockchain and is directly related to the smart-contracts layer on the Network. To perform any transaction a Vethor token should be created for every VeChain coin introduced to the asset.

Being a VIP-180 token makes Vethor really unique. The bi-token design of VeChain allows users to participate with any of them and makes the users’ involvement more differentiated. The dual token design also makes the execution of smart contracts easier as it only depends on VTHO tokens and doesn’t affect the market value of VET. 

VeChain Network was founded by Sunny Lu, prior IT Manager of Bacardi China.

VeThor Token Live Price Chart

From the beginning of the year, the token was following a positive uptrend even when the general crypto market was experiencing a pull-off. Just as most of the main assets on this market, VTHO was up during the spring, with its price reaching $0.024. on April 17. After that, as Bitcoin started to lose positions, VTHO also went down and was declining till the end of July. 

The price stabilized in the first weeks of August and then skyrocketed from $0.007 to $0.15. That was the highest position of the token price at the period and the coin then went to a long period of a price correction that lasted till the end of September. 

After the price dropped to $0.008, it grew again and stayed stable, bouncing between $0.009 and $0.01 till the end of November. The next crisis of the crypto market affected the token too, making its price go down again. 

The last week for the VeThor token was not that successful and it lost 16% of its value. At the same time, the VTHO live price chart shows that the asset is trying to get out of the declining triangle. It is expected in the near future that the token will increase its value, so the analysts advise to hold or buy the asset.

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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.

WalletInvestor VTHO Price Prediction for 2022, 2024, 2026

According to WalletInvestor, VeThor Token price will grow from $0.0036 to $0.01043 in one year. That makes VTHO an awesome investment. The long-term earning potential is 189.72%. Predicted price for the end of 2027 is $0.0375.

TradingBeasts VTHO Price Prediction for 2023

Answering the question about if VeThor Token is a good investment, TradingBeasts say a resounding yes. In the 2022 perspective, this coin price is predicted to reach $0.0051101 with a growth to $0.0074332 by the end of 2023.

DigitalCoin VTHO Price Forecast for 2022, 2023, 2024, 2026

In DigitalCoin analysis, the price of VeThor Token cryptocurrency will rise in the next 5 years starting from $0.0063389 as of today’s price to $0.027888. It will go up to $0.0093124 by 2023 and starts its reduction in 2024-2025. Based on this forecast, VeThor Token is a profitable long-term investment.
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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).
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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.

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