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Table of Contents
VeChain is a blockchain platform built on top of the Ethereum blockchain that was initially launched back in 2015 to enhance supply chain management and business processes.
VeChain's blockchain uses a two-token design to run the system, one of which is called VET, and the other is called VeThor token (aka VETHOR or VTHO) - which is used to execute transactions through smart contracts.
VET token is used to store and transfer value, while VeThor has a different utility and is used for transactions on the VeChain blockchain and sending data to smart contacts.
VeChain uses the Proof-of-Authority consensus mechanism to confirm and add each ongoing transaction to VeChain's Ledger. The users verifying and adding transactions to the blockchain are known as Authority Masternodes.
VeThor token (VETHOR) is one of the two existing tokens in the VeChain blockchain. It acts as an energy token that powers transactions on VeChain.
VETHOR was added to the VeChain ecosystem after the project was rebranded in 2018, and its value depends on the complexity and the number of transactions. Next we wii talk about VeThor price predictions for 2025 and 2030
Were it not for the VeThor tokens, none of the transactions and smart contract operations could be executed through the VeChain blockchain. However, the main question is how to get these VeThor tokens.
Each VeThor token is generated by holding VET tokens. To clarify, the only way to have VTHO is to buy and hold VET tokens; the more VET tokens you have, the more VTHO tokens you get.
Here are some of the key features of VeThor:
Pros:
Cons:
VeChain raised $20M in an ICO back in 2017, and its mainnet went live in 2018.
The following chart illustrates how the VeThor token price has changed over the last year.
VeThor, a VIP-180 Standard token, is used to pay transaction fees and works quite similarly to Ethereum Gas to fuel up and power the system. Follow me to find out how the token is doing financially.
At the time of writing this article, on Nov 27, 2022, each VTHO token is worth $0.00984, with a 24-hour trading volume of $1,580,467. The total supply of VETHOR includes 45,630,180,356 tokens, with a circulation supply of 45.63B VTHO.
According to VeChain's whitepaper, 70% of the transaction fee, which is paid in VTHO in each block, is burned, and the remaining 30% is rewarded to the Authority Masternode, which produces the block. The following pie chart shows the distribution of VeChain's transaction fees.
The yearly ROI (Return on Investment) for VETHOR shows a %87 decrease compared to its similar projects, which had -%49 growth during the same period.
The current market cap ranking for the VTHO token is #337, with a live market cap of $57,822,661.
The financial data from Cryptologist indicates that VTHO's value crossed over $0.04 on Aug 29, 2018, and touched its ATH (All-Time High) at $0.46712. Two years later, on March 16, 2020, its value dropped sharply and recorded its lowest price (All-Time Low) of $0.00015238.
Let's get to know the team behind the VeThor token and evaluate how popular the project is. The popularity evaluations come from the VeThor popularity charts at Cryptologist.
VeChain was founded in 2015 by Sunny Lut, the CEO and founder of the VeChain Foundation, who previously worked for Louis Vuitton China. It raised capital during an Initial Coin Offering (ICO) in 2017 and, one year later, in February 2018, was rebranded as VeChainThor (VET).
In the past six months, VeThor token's Twitter account has only had a 1% growth in the number of followers and a 16% decrease in Telegram followers. Its growth in Reddit subscribers has also been negative, i.e., -1%.
Crypto experts predict that the minimum price for VTHO can be $0.004 in 2022. Also, VTHO's price may hit a high level of $0.005. The average price for VTHO is predicted to be around $0.004 in the final days of 2022.
According to price actions and analyses about VeThor, we can expect an average price of $0.007 for VTHO in 2023. The maximum price could be $0.007, and it can fall to a minimum of $0.006.
VTHO has the potential to achieve a $0.011 at a maximum or fall to a minimum of $0.009 in 2024. The average price for VTHO in 2024 is expected to be $0.01.
In 2025, the trading price of VTHO is predicted to reach $0.014 on average. It may get as high as $0.016, and its minimum price is expected to be $0.013.
Speaking of long-term VeThor token price predictions for 2030, crypto experts believe that if the bear market ends and everything goes smoothly, VTHO could hit a new high and will be traded at the range of $0.022 with a minimum of $0.025 and a maximum of $0.021.
Reading the article from A to Z, we have learned that not even one transaction can be executed through VeChain’s smart contracts without VTHO.
Since the token is the fuel of VeChain's blockchain and covers the computational gas costs for all transactions, the price was not meant to skyrocket.
Financially speaking, the value of VETHOR has decreased by 87% over the last year, and with the liquidity score of 36%, it's a pretty difficult sell during the bear market.
However, since the token is used for transactions on VeChain, if the project itself has an improvement and gets crowded with more daily transactions, the price of the VETHOR can rise.
Read the VTHO frequently asked questions to get a better understanding of the project-related details and VeThor token price.
According to the latest data from price action charts, we expect the token to reach the highest possible level of $0.027, with an average price of $0.022.
VTHO is one of the two tokens in the VeChain platform that is used for paying transactions.
Although these two tokens are on the same platform, they come with different utilities and functions and are not comparable.
Some crypto experts express the view that each VeThor token can be traded at a maximum price of $0.004 throughout 2025.
VeChain is a blockchain-based platform designed with a dual token model that includes the VeChain Token (VET) and VeThor Token (VTHO).
No. VeChain contains two distinct tokens: VeChain Token (VET) and VeChainThor token (VTHO). VeThor tokens are used to execute transactions within the network.
At the time of writing this article, on Nov 29, each VTHO token is worth $0.000984.
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