VeThor Token (VTHO) Price Prediction – 2022, 2025, 2030
Like VeThor, every cryptocurrency tries to differentiate itself in the market in terms of utility and in offering innovative use cases. However, no matter how important a token might be, the price of the asset remains one of the strongest determinants of its long-term potential.
While many tokens like Bitcoin and Ethereum have dominated the general market, new tokens continue to prove to be adaptable in tackling blockchain issues and maximizing utility. Among these new tokens is the VeTHOR Token (VTHO). This is a token of the highly applauded VeChain network.
However, is owning VTHO considered a good investment for your portfolio? What are the fundamentals of these tokens, and what are the price forecasts for VTHO tokens in the coming years?
What is VeThor Token (VTHO)?
VeThor Token is one part of a multi-token system of the VeChainThor blockchain, another part being the VET coin. They’re both the native and governance tokens of the blockchain that was created in 2015 by Sunny Lu. The VeChainThor blockchain aims to create a friendly platform for businesses to cater to the meds of their enterprise.
The VeChain, a blockchain that allows the users to sell real-world problems and manage supply chains was initially created to support only the VeChain Token (VET) as its native token. The two token structure gives it an edge over other genetic platforms because it makes the network faster and more effective in processing chain transactions. The blockchain also functions with a consensus mechanism known as Proof-of-Authority (PoA), which runs on authority nodes chosen by the VeChainThor foundation for validation of transactions. The chain utilizes open source design which attracts data developers to share their ideas and build the blockchain with their collective efforts.
After the confirmation of a transaction by the node network, 30% of the transaction worth is returned while the other 70% is burned from the supply. VET remains the main token for paying out to the authority nodes for the computing power used, while the VTHO is used as the token for settling the cost of the VeThor blockchain transaction.
The various features of these two tokens, VET and VeThor (VTHO), enable the smooth deployment of smart contracts, facilitation of transactions, and evasion of risks. VET tokens are the primary tokens in the creation of VTHO, while VTHO is used in VeChain transaction costs. VeChainThor also possesses the features that allow multi-party transactions and controllable transactions with different tasks.
VeThor (VTHO) Fundamental Analysis
We aim to build a leading enterprise-focused dApp/blockchain application platform for products, services, and data.CEO of VeChain, Sunny Lu
The above statement was made by the CEO of VeChain, Sunny Lu, a former IT Manager of Bacardi in China. After spending some years in the fashion sector, he switched to Information Technology before eventually creating the VeChain with Jay Zhang. The VeChain network was once a subsidiary network aiming to manage supply chains and prevent counterfeit products.
As of then, VeChain was operating on the Ethereum network. It relied only on one token, VEN, before being replaced by VET and VTHO. This was a result of the expansion of its utility and the launch of its blockchain.
VeThor (VTHO) Current Price
VeThor is currently worth $0.001652. VTHO has moved -4.21% in the last 24 hours with a trading volume of $1,757,164. VeThor is currently ranked 288 amongst all cryptocurrencies with a market capitalization of $83,581,668.
VeThor (VTHO) Price Prediction
With the aid of advanced technical tools, we’ll show the future price potential of VTHO for the next few years from its recent price action.
Our price prediction forecasts use real-time VeThor (VTHO) market data and are updated live on our website. This allows us to provide dynamic price predictions based on current market activity.
VeThor (VTHO) Price Prediction Forecast 2022
VeThor, according to some, is one of the most amazing cryptocurrencies to rise this year (VTHO). The VTHO price forecast for 2022 anticipates a significant increase in the year’s first half, possibly reaching $0.002479. The relative strength index is in the oversold zone, this could drive a bullish bounce-off.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.002313 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. VTHO is expected to have a minimum value of $0.001983.
VeThor (VTHO) Price Prediction Forecast 2023
In 2023, VeThor VTHO price prediction has much room for expansion. As a result of the company’s announcement of numerous new partnerships and initiatives, we anticipate that the price of VTHO will soon surpass $0.004131. However, we should wait for the VTHO’s relative strength index to come out of the oversold zone before placing any bullish bets.
Considering the market volatility, VTHO will trade with a minimum trading price of $0.003305 and an average trading price of $0.003635.
VeThor (VTHO) Price Prediction Forecast 2024
If the upward trend continues until 2024, when it may reach $0.005783, VTHO may profit. If the market continues to fall, the goal may not be met. VTHO is expected to trade at an average price of $0.005288 and a low of $0.004957 in 2024.
VeThor (VTHO) Price Prediction Forecast 2025
If VeThor successfully boosts market sentiment among cryptocurrency enthusiasts, the VTHO coin price could remain stable for the next five years.
According to our projections, VTHO will be green in 2025. The VTHO is expected to reach and surpass its all-time high in 2025. In 2025, the virtual currency will be worth $0.007436, with a minimum price of $0.006609 and an average price of $0.00694.
VeThor (VTHO) Price Prediction Forecast 2026
After some extensive forecasting and technical analysis, we estimate the VTHO price is expected to cross an average price level of $0.008592 by 2026, with a minimum price of $0.008262 expected before the end of the current year. Furthermore, VTHO has a maximum price value of $0.009088.
VeThor (VTHO) Price Prediction Forecast 2027
Due to the future partnerships that are expected to happen by 2027, we are expecting that a bullish trend will continue, bringing the average price to around $0.010245. If VTHO manages to break the resistant level in 2027, we could see a maximum price of $0.01074, failing to gather the support VTHO needs by 2027 could result in a low of $0.008592.
VeThor (VTHO) Price Prediction Forecast 2028
While VTHO is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $0.011567 and a yearly price close above $0.012393 in 2028.
VeThor (VTHO) Price Prediction Forecast 2029
By 2029, VeThor will finally surpass its previous ATH values and record new price levels. The minimum price could be $0.013549 and potentially reach a maximum price value of $0.014045, averaging out at $0.013549.
VeThor (VTHO) Price Prediction Forecast 2030
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2030, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum VTHO price in 2030 is projected to be $0.016193 in the event of a bull run, with an average price level of $0.015532.
VeThor token has good long-term investment potential. With more entrance of investors, institutions, and new users, the adoption is projected to be massive. Also, due to the enormous community and a well-seasoned team, the project has all the fundamentals it needs to succeed in the future.
VTHO is a versatile token that tackles one of the biggest issues in physical product management, which is duplication. It’ll help reduce counterfeits in many sectors and also enable a faster function of the supply chain.