VeThor Token Price Overview
The current VeThor Token price is EUR. The price has changed by EUR in the past 24 hours on trading volume of EUR. The market rank of VeThor Token is based on a market capitalization of EUR. VeThor Token has a circulating supply of . The highest recorded VeThor Token price is EUR. And the lowest recorded VTHO price is EUR.
What Is the Highest Price of VeThor Token?
VeThor Token price history shows that VTHO has recorded a peak value of .
What Is the Lowest Price of VeThor Token?
Kriptomat data confirms that is the lowest recorded VeThor Token value.
How Can I Buy VeThor Token?
There’s no need to consult an expert to tell you how to buy VeThor Token. It’s fast and easy to buy VTHO at Kriptomat. VeThor Token is available for immediate purchase at the current VTHO price quote of EUR. Current prices are always displayed in the VTHO chart.
What Is the Current Price of VeThor Token?
VeThor Token is available for immediate purchase at Kriptomat. The current price is EUR.
VeChain aims to use blockchain and Internet of Things technologies to overcome some of the major hurdles in supply chain management. The VeChainThor public blockchain uses a Proof of Authority consensus mechanism and includes built-in smart contracts and developer tools designed to provide a scalable and sustainable blockchain ecosystem for business users.
The blockchain employs a unique dual-token system to help separate market speculation from the cost of using the blockchain. VET essentially represents the right to use VeChainThor and functions as a medium of value transfer, while being subject to market volatility. Addresses that hold VET also receive VTHO, the supply and demand equilibrium of which can be maintained by adjusting certain variables.
VeThor Token (VTHO) is required to cover the underlying cost of operations on the VeChainThor blockchain. Since joining the market, its price has changed significantly and if you want to know why then you’re in the right place. We’ve compiled everything you need in order to get a better understanding of VTHO price – as well as the factors which influence it.
VeThor Price History
joined the crypto market in July 2020, trading at about $0.001. Prices improved to a quarter of a cent later in the month but had fallen back to $0.0017 by the end of July. The bearish momentum continued throughout August and September until VeThor Token reached a low of $0.0005 in October. After that, VTHO recovered slightly and experienced some sideways price movement. By the end of 2020, VeThor Token was worth $0.00072, representing a loss of 28% since the token’s launch.
Prices doubled in January 2021 and surged to $0.009 in the first half of February, before pulling back to $0.004 at the end of the month. VeThor Token broke past $0.01 in March and set a new high at $0.024. Prices retraced to $0.013 at the start of April but then rallied to VTHO’s all-time high of $0.0285 on April 17. By this point, VeThor Token had provided year-to-date gains of almost 3,900% and its market cap had surpassed $800 million.
Over the following week, prices crashed back down to $0.012 and then rebounded to above $0.02 before the end of April. May was spent in decline and VeThor Token touched lows of $0.0055 when it crashed by 56% during a single day. Prices fell further to $0.0043 in June but had improved to $0.007 by the start of July.
Analyzing VeThor Token Price History
VeThor price history can be analyzed with many of the same techniques as the stock market. Technical analysis involves using various indicators while studying price charts in order to make sense of previous price movements. With VTHO, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of traders buy or sell their coins on exchanges.
Fundamental analysis, on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. VeChain began life as a subsidiary of Bitse, one of the top blockchain companies in Asia, and VeChain’s founders have previous experience working for Louis Vuitton, Deloitte, and PricewaterhouseCoopers. VeChain’s technology has already found many applications, being used by DNV, Salesforce, and local Chinese government. These could potentially be good signs for the fundamental VeThor value.
Broader market trends have also played a role in the price history of VTHO. Its surge early in 2021 wasn’t unique – the entire crypto market pumped around this time. Bitcoin was in the midst of a major bull run then, and with such strong market dominance, any significant price movement for Bitcoin often impacts other cryptocurrencies.
The sudden crash in May 2021 was also market-wide, affecting every single major cryptocurrency. Various contributing factors have been suggested, including comments made by Elon Musk, a crackdown by Chinese authorities, liquidations, and a healthy market correction.
The overall price trend of VTHO tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.
Factors Influencing The Price of VeThor Token (VTHO)
A variety of different things can affect the market price of VTHO, including project news and developments, the flow of assets on exchanges, public sentiment, and emerging trends in the wider crypto and global economies.
Although VET has a capped max supply, there is no max supply for VTHO. The dual token model aims to prevent transaction fees paid in VTHO from being exposed to the volatility of VET price. The VeChain Foundation closely monitors the supply and demand of VTHO and, if necessary, adjusts variables such as gas price and velocity in order to maintain an equilibrium. These efforts to maintain an equilibrium should make VTHO less susceptible to volatility than the rest of the crypto market.
The system of VTHO generation is designed to enable VET holders to make transactions on the VeChainThor blockchain at no extra cost. However, larger scale operations and complex business activities could require more VTHO than is generated by the addresses involved. This means there is demand for VTHO from developers and application owners.
For each transaction, 70% of the VTHO paid is destroyed, putting downward pressure on the circulating supply of VTHO tokens. If the VeChainThor blockchain gains more apps and users, there will be both more demand for VTHO and more of it will be burned. Activities which drive VeChain adoption, such as new features, partnerships, and performance improvements, could therefore drive up VeThor Token price.
Live VeThor Value and Market Cap
The live VTHO value varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux.
Given VTHO’s volatility, its current price can change by a large amount in a very short space of time. The market cap of VeThor Token is equal to the market value of VTHO multiplied by the number of VTHO in the circulating supply.
The current VeThor Token price is EUR. The price has changed by EUR in the past 24 hours on trading volume of EUR. The market rank of VeThor Token is based on a market capitalization of EUR. VeThor Token has a circulating supply of . The highest recorded VeThor Token price is EUR. And the lowest recorded VTHO price is EUR. Max supply is VTHO.
VeThor Token Price FAQ
What was VTHO’s lowest price?
The value of VTHO hit an all-time low of $0.0005 on Oct. 20, 2020, a few months after it launched.
What was VTHO’s highest price?
VTHO reached an all-time high of $0.0285 on April 17, 2021, propelled by the 2021 bull run.
How is the price of VTHO calculated?
VTHO’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying VTHO than selling it, the price goes up, and when more are selling than buying, the price goes down. The VeChain Foundation aims to keep this balance at an equilibrium through adjustments to certain variables.
Why is the price of VTHO different on each crypto exchange?
VTHO’s price is based purely on trading as there is no standard global VeThor Token price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affect the price.
What will VTHO be worth in the future?
It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future value of VTHO. However, if the VeChainThor blockchain gains more apps and users the simultaneous increases in demand for VTHO and the amount being burned could drive up VeThor Token price.
The price of VTHO has changed significantly since it joined the crypto market, going from lows of $0.0005 to highs of almost $0.03. Its journey hasn’t been smooth, however, as VTHO’s volatility has led to surges and crashes along the way.
Many different factors have played a role in determining the price of VTHO, including demand from developers and application owners, the efforts of the VeChain Foundation to maintain a supply and demand equilibrium, and trends in the rest of the cryptocurrency market and wider economy. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.
If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of VeThor Token and cryptocurrencies!