VeThor Token (VTHO) Price Prediction – 2022, 2025, 2030
- When will VeThor token bounce back to its ATH price of $0.04201?
- The average trading price of VTHO for 2022 is projected to be $0.002.
- Will VTHO token hit $1?
VeChain is one of the first blockchains built exclusively to cater to the needs of enterprise-level clientele. VeChain’s public blockchain is called VeChainThor. The project seek to improve supply chain and product lifecycle management through the use of distributed ledger technology (DLT). Like other crypto-powered platforms, VeChain deploys utility tokens to maintain its ecosystems ─VeChain (VET) coins and VeThor (VTHO) tokens.
With the launch of the protocol’s mainnet in 2018, the VeChainThor is the rebranding of VeChain, thus broadening the dapps spectrum to encompass more general data solutions. To make NFTs more widely adopted in the market, VeChainThor has integrated VIP-180 Standard to allow users to safely transfer tokens to 3rd parties’ chains and integrate legal entities into a decentralized solution.
Sunny Lu, Jay Zhang, Kevin Feng and Jianliang Gu are all members of VeChain Thor’s core team. With experience from PwC, Deloitte,LV China and TCL Communications, this C-suite began working on the project in 2015. It’s a robust group that knows its way around enterprise software solutions used in China, Shanghai and Southeast Asia. Meanwhile, the VeChain Foundation, which manages the VeChainThor blockchain. It is a non-profit corporation based in Singapore that was created in 2017. It has a system of checks and balances in place for network governance as well as a large number of partnerships resulting from the team’s relationships. PricewaterhouseCoopers, Renault and Microsoft are among the VeChainThor enterprise partners.
This article will provide you with a comprehensive price prediction of VTHO from 2022 – 2030 using technical analysis and financial metrics. In addition, we will also consider qualitative factors such as market interest, partnerships and progress against roadmap.
The key distinction between the VET and VTHO tokens is how they are used. Here’s how their application on the platform varies:
- The user’s leverage over the platforms is represented by the VET token. That is, the greater a user’s priority is granted, the more VET the user has. The VTHO token, on the other hand, is used to pay for gas that is utilized to verify decentralized apps.
- It’s worth noting that VTHO tokens are earned from VET tokens, therefore the more VET tokens a person possesses, the more VTHO tokens he gets. The Ethereum blockchain uses VET and VTHO tokens, which are identical to Ethereum and ether.
- VET, like every other cryptocurrency such as Bitcoin, Ethereum, Cardano, and others, is used to transmit and store value. The VTHO tokens, on the other hand, are used as energy tokens.
- Units of computing power are sought for each new transaction on the blockchain, and these are paid for with the VTHO. It’s interesting to note that the sum of VTHO given as gas/computational power is decided by the size and complexity of the transaction.
Another significant distinction between the two tokens is their price. Although VET is required to obtain VTHO, it can also be purchased. As a marketing firm or an investor, you don’t require VET to amass VTHO because you may buy it on the exchange where it trades. Since VET is required for every deal, the user index has an impact on the price of VET on the Vechain blockchain. As a result, access to it is based on priority users. VTHO, on the other hand, is for processing power and can be purchased.
Applications of VeChain and VeChainThor Blockchain
VeChain is considered a mature company by some, with many real-world business applications already existing on the VeChainThor blockchain. As the VeChain Whitepaper 2.0 states, “these solutions are not just theoretical, they are solutions tested and discussed with over 700 enterprises and implemented for over 100+ fortune level enterprises.”
The VeChainThor blockchain plays host to the VeChain ecosystem and it is a public chain made for enterprises that cater to changing needs. Basically, businesses can use the applications built on the VeChainThor blockchain. In parallel, every business is free to have their decentralized applications (dApps) if they wish. The aim of building the VeChainThor blockchain is to make it the foundation for a sustainable and scalable business blockchain ecosystems. Moreover, the network is a medium for implementing NFC chips, QR codes, and RFID trackers for the enterprise Internet of Things on the blockchain.
Here are some of the notable companies utilizing VeChain and its VeChainThor blockchain:
- Walmart customers, in China, can now scan QR Codes to acquire further information about products in an efficient manner.
- ASI Group has integrated a VeChain-based platform so-called Floodgate to enhance a cross-continental logistics and trades solution with product verification and traceability.
- By leveraging VeChain, BMW now develops digital data storage to record regular service and regular auto part service transactions.
- Latitude 28 has used VeChain to develop a meat traceability solution
- Bright Food has employed VeChain to monitor all production processes on a real-time basis.
The VeChainThor blockchain works similarly to other business-use blockchain platforms. Businesses use VeChain’s fully functional Blockchain-as-a-Service (BaaS) product called ToolChain to build their blockchain-based solutions.
Single transactions on the VeChainThor blockchain can carry out multiple tasks. In addition, VeChain app users don’t need to hold any crypto to perform transactions. This can be done instead by the app owners, which can make the user experience more convenient for the average user.
VeThor Token (VTHO) Coin Overview
VeThor Token (VTHO) and VET are mutually dependent, constituting important elements of the VeChain Thor blockchain. VeThor Token is the main method of payment in the VeChain ecosystem and it also the “energy token” because it represents the gas currency of the network. VTHO is required for every transaction made on the network, while it is also used for sending data to smart contracts. The token became a part of the VeChain ecosystem after the project was rebranded in 2018 and it represents a smart contract layer on the platform.
VTHO is also used for sending data to smart contracts. All transactions and smart contract operations are executed through the use of VeThor Token. In essence, VeThor Token is a smart contract layer and a VIP-180 standard token. Through the use of VTHO tokens, the network enables users to initiate multi-party payments and operate multi-task transactions.
VeThor Token (VTHO) and the native token VET are a part of the dual-token infrastructure that allows users to enjoy fast transactions and operations for enterprise services on the BaaS platform. Not a single operation with smart contracts or transactions can be done without VTHO, while VTHO wouldn’t exist without VET. The relationship between the two tokens is mutually dependent, so without VET there would be no VTHO, and without VTHO there would be no way to pay for VET transactions.
VeThor Current Market Status and Sentiment
As of press time, the VeThor token is trading for $0.0016. VTHO price has moved 0.00% in the last 24 hours. The current market cap of VTHO is $80,970,742.22.
VTHO is currently trading at Binance, MEXC, Gate.io, BitMart, and Crypto.com Exchange. Meanwhile, here’s the current sentiment of experts about the price action:
“VTHO will eventually break the $1 mark. It could reach $0.016222 by the end of the year. With upcoming partnerships and developments, reaching $0.02 is quite optimistic in the price point of view but undoubtedly feasible for the near future.” – CoinQuora
“For the year 2022, the price of VeThor Token will be almost $0.002. A huge price turnover is expected within the range defined by the crypto market.” – Tech News Leader
“VTHO price can go above $0.002797 by December 2022 assuming the growth strategies will be implemented.” – Swap Space
“DigitalCoinPrice concurs with Wallet Investor’s optimistic forecast, except they are somewhat more conservative with their optimism. According to their calculations, the token will be worth $0.0052 in a year, $0.0055 in two years and $0.0086 in five years.” – Storm Gain
VeThor Token Price Analysis 2022
VTHO was launched on July 30, 2018 as part of the blockchain’s rebrand. The token opened at $0.03 and was able to sustain the level for a short period. However, within the next two weeks, VTHO plummeted to around the $0.003 level. So far, it has never managed to get back to its launch price. After September 2018, the price of VTHO stayed between $0.0001 and $0.002 for the next two years. It started looking more positive for the token in 2021 and came close to reaching a new all-time high.
Like the wider crypto market, VeThor Token started 2021 on a bullish trend. By the end of January, VTHO had climbed to $0.001. This came after the announcement of a new VeChain mobile wallet called Sync 2. On 15 March, VeChainThor launched a testnet of an update to its decentralized exchange, named Vexchange 2. Known as the Uniswap for VeChain, Vexchange allows its users to swap, send, pool and farm tokens. The update was well received by the community and VeThor Token broke past the $0.01 barrier the following day for the first time since it launched. The price continued growing and by March 21 it reached $0.02.
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. VTHO started to drop over the following months, falling to $0.004 by July 20.
It climbed to the $0.01 level again in early November when VeChain launched the testnet of a blockchain upgrade called proof-of-authority 2.0. Again, VTHO was unable to sustain this price and dropped back below $0.01. It ended 2021 with a trading price of $0.007, which came after it was announced that the token would be listed on the WhiteBit exchange.
VTHO started 2022 at an unremarkable $0.006061, when a prolonged bear had already had its teeth in the already volatile crypto markets. There were some recent and considerable uptrends like in early April, VTHO saw trading highs of $0.005084. However, within the last one month, the price of VTHO decreased by -60.828%, eliminating a whopping average sum of $0.002 from its current value. This sudden down means that the coin is in dip right now.
Meanwhile, the 90 days price change is around -82.03% and the price circulated from a minimum average price of $0.008 to maximum average price of $0.009 in the past 90 days. The token is down by -86.24% with the maximum average price at $0.010 and the minimum average price of was around $0.009 in past 4 months.
Based on today’s classical pivot point (P1) with the value of $0.001521, VeThor Token has support levels of $0.001411, $0.001343 and the strongest at $0.001233. Similarly, VeThor Token resistance levels are at $0.001590, $0.001699 and $0.00176.
The question now is whether VTHO can bounce back despite the overall bearish trend of the crypto market and will it ever reach $1?
VeThor Price Prediction 2022
VeChain, from its inception in 2015 and until now, has successfully moved past this crucial first phase of blockchain technology adoption, and is primed for the next phase to achieve Business Consensus. Ultimately, the future of VeChain and VeThor depends on whether enterprises are willing to make the jump and adopt its blockchain technology. We can expect the token to hold its worth for as long as the VeChain Foundation can persuade its clients to continue using it.
If the bears continue to have their way, the price of VTHO could plummet to $0.002716, which is the bearish spectrum for 2022. It has a very low possibility of surpassing its current all-time-high (ATH) at about $0.04201 according to CoinMarketCap this year. It will only happen if it breaks many previous psychological resistances. So VeThor Token is predicted to reach a minimum level of $0.002. The VTHO price can reach a maximum level of $0.003 with an average trading price of $0.002
VeThor Token is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 200 days, since Nov 25, 2021. The price of VeThor Token is currently below the 50-day SMA and this indicator has been signaling SELL for the last 51 days, since Apr 24, 2022. Moving averages are a popular indicator in all financial markets. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action.
Meanwhile, the Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 31.90, which indicates that the VTHO market is in a neutral position.
VeThor Price Prediction 2023
Although enterprises are critical for mass adoption, built on top of the VeChainThor public blockchain, the VeChain ecosystem is open for various types of participants to collaborate and the open platform could significantly help reduce the friction across organizations and industries. VeChain perfectly demonstrates how blockchain technology has revolutionized our modern world. Businesses are increasingly turning to VeChain as a strategic partner for improving their brand’s transparency and efficiency in a long-term manner. As the platform evolves, we can expect to see even more noteworthy collaborations emerge in the future which will positively impact the price action.
According to the VeThor token forecast price and technical analysis, the price will record a slight lift. The price will hit a minimum level of $0.003. Meanwhile, it can potentially hit a maximum level of $0.004 so the average price is projected to be around $0.003.
VeThor Price Prediction 2024
VeThor Token price prediction for 2024 is still predominantly positive. After being hit by the severity of COVID-19, our world has undergone a digital transformation, resulting in the explosive growth of cryptocurrency. This triggered a good number of businesses to take advantage of blockchain technology to improve their operations. VeChain’s solutions have attracted reputable companies so by 2024, we will see the impact on price action.
The price VeThor token will reach its previous all-time high. By 2024, the average price will be $0.006. With no outliers, the maximum price could reach up to $0.007. Of course, there are chances that the market will dump after a long bull run and It is normal for the cryptocurrency market.
VeThor Price Prediction 2025
In 2025, with more adoption and partnerships between other important blockchain networks, the price of VeThor Token would skyrocket, and the maximum trading price may reach $0.010 in 2025. The price ranges are going to be very trendy if we keep it that way. If everything goes well, we can expect an average price of $0.008 with a maximum price of $0.010 for 2025
VeThor Price Prediction 2026
VTHO will continue its ascent in 2026. The token can reach a maximum value of $0.016. It is expected that the VTHO will turn around a little bit if the market goes down. So the year 2026 can end with an average price of $0.014 with a minimum price of $0.014.
VeThor Price Prediction 2027
The long-term prediction for VTHO is bullish. With plenty of existing industry blockchain applications from supply chain management to anti-counterfeiting and carbon credits, VeChain’s systems will continue to prove its worth in the real world. As such, the year 2027 can end with an average price of $0.017 and a minimum price value of $0.017. The maximum price is expected to be trading around $0.020.
VeThor Price Prediction 2028
The price of VeThor Token is predicted to reach a minimum value of $0.018 in 2028. The VeThor Token price could reach a maximum value of $0.022 with the average trading price of $0.019 throughout 2028.
VeThor Price Prediction 2029
As per the forecast and technical analysis, the price of VeThor Token is expected to reach a minimum price value of $0.025 in 2029. The VTHO price can reach a maximum price value of $0.031 with an average value of $0.026.
VeThor Price Prediction 2030
The price of VeThor Token is predicted to reach a minimum value of $0.038 in 2030 which is a lift compared to its previous year’s performance. The VeThor Token price could reach a maximum value of $0.044 with the average trading price of $0.039 throughout 2030.