Although VeThor Token is not the native cryptocurrency of the VeChain project, it still plays an important role in the ecosystem. This cryptocurrency has been on the radar of many investors and might be due for a rally soon. Let’s take a look at what makes this token valuable, our brief VeThor token price analysis, and a VeThor price prediction for 2022 and beyond.
VeThor Token Overview
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What Is VeThor Token (VTHO)
As we have already mentioned, VeThor Token is an integral part of the VeChain project — or, to be precise, the VeChainThor public blockchain. The native token of the ecosystem is called VET. The project was founded by Sunny Lu in 2015, but VeThor Token was only launched in 2018, after the company went through a drastic rebranding.
Being a token with the VIP-180 standard, VTHO is used to represent the cost of using the blockchain it belongs to. It has two primary functions:
Facilitating transactions and other processes on the VeChainThor blockchainActing as a smart contract layer for the network
Unlike VET, VTHO does not act as a value-transfer token and is meant to exist just to support its chain. However, it can still be bought, sold, and traded on major crypto exchanges.
VTHO tokens are generated at a steady, constant speed from holding a certain amount of VET. 70% of VeThor Tokens paid in a transaction get destroyed, while the rest are awarded to Authority Masternode Operators. As a result, this token has a rather small and controlled supply compared to many other assets on the crypto market.
VeThor Token Price Chart
VeThor Token Technical Analysis
According to our VTHO price prediction, this token has an overall positive price dynamic. Its fundamental value as a part of an innovative project, great team, and burning mechanics are among the things that contribute to this token’s relatively high average forecast price. Although the market cap of VTHO is not that high — the token is in the 300s on CMC — it is still respectable and shows that the token has support from its community.
Most experts believe that VeThor Token will rise in the future, forecasting that the maximum price value the cryptocurrency will achieve in 2022 may reach $0.01. While not everyone is as optimistic, the average price for this token in most price predictions is quite high.
At the time of writing, the current price of the VTHO token was in a pretty good place, with its MACD showing a bullish crossover and indicators showing a “Neutral” signal, marking a slight possibility for a rally in the near future. If you would like to see a more up-to-date technical analysis of the VTHO token, see the widget below.
VeThor Token Price Prediction 2022
According to the technical analysis of VeThor Token prices expected in 2022, the minimum cost of VeThor Token will be $0.002. The maximum level that the VTHO price can reach is $0.002. The average trading price is expected around $0.002.
VTHO Price Forecast for September 2022
Based on the price fluctuations of VeThor Token at the beginning of 2022, crypto experts expect the average VTHO rate of $0.001 in September 2022. Its minimum and maximum prices can be expected at $0.001 and at $0.002, respectively.
October 2022: VeThor Token Price Forecast
Cryptocurrency experts are ready to announce their forecast for the VTHO price in October 2022. The minimum trading cost might be $0.001, while the maximum might reach $0.002 during this month. On average, it is expected that the value of VeThor Token might be around $0.002.
VTHO Price Forecast for November 2022
Crypto analysts have checked the price fluctuations of VeThor Token in 2022 and in previous years, so the average VTHO rate they predict might be around $0.002 in November 2022. It can drop to $0.002 as a minimum. The maximum value might be $0.002.
December 2022: VeThor Token Price Forecast
In the middle of the year 2022, the VTHO price will be traded at $0.002 on average. December 2022 might also witness an increase in the VeThor Token value to $0.002. It is assumed that the price will not drop lower than $0.002 in December 2022.
VeThor Token Price Prediction 2023
After the analysis of the prices of VeThor Token in previous years, it is assumed that in 2023, the minimum price of VeThor Token will be around $0.002. The maximum expected VTHO price may be around $0.003. On average, the trading price might be $0.002 in 2023.
VeThor Token Price Prediction 2024
Based on the technical analysis by cryptocurrency experts regarding the prices of VeThor Token, in 2024, VTHO is expected to have the following minimum and maximum prices: about $0.004 and $0.004, respectively. The average expected trading cost is $0.004.
VeThor Token Price Prediction 2025
The experts in the field of cryptocurrency have analyzed the prices of VeThor Token and their fluctuations during the previous years. It is assumed that in 2025, the minimum VTHO price might drop to $0.005, while its maximum can reach $0.006. On average, the trading cost will be around $0.005.
VeThor Token Price Prediction 2026
Based on the analysis of the costs of VeThor Token by crypto experts, the following maximum and minimum VTHO prices are expected in 2026: $0.009 and $0.007. On average, it will be traded at $0.008.
VeThor Token Price Prediction 2027
Crypto experts are constantly analyzing the fluctuations of VeThor Token. Based on their predictions, the estimated average VTHO price will be around $0.011. It might drop to a minimum of $0.011, but it still might reach $0.013 throughout 2027.
VeThor Token Price Prediction 2028
Every year, cryptocurrency experts prepare forecasts for the price of VeThor Token. It is estimated that VTHO will be traded between $0.016 and $0.018 in 2028. Its average cost is expected at around $0.016 during the year.
VeThor Token Price Prediction 2029
Cryptocurrency analysts are ready to announce their estimations of the VeThor Token’s price. The year 2029 will be determined by the maximum VTHO price of $0.028. However, its rate might drop to around $0.024. So, the expected average trading price is $0.024.
VeThor Token Price Prediction 2030
After years of analysis of the VeThor Token price, crypto experts are ready to provide their VTHO cost estimation for 2030. It will be traded for at least $0.033, with the possible maximum peaks at $0.041. Therefore, on average, you can expect the VTHO price to be around $0.034 in 2030.
VeThor Token Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the VeThor Token’s price. The year 2031 will be determined by the maximum VTHO price of $0.05699. However, its rate might drop to around $0.048. So, the expected average trading price is $0.05.
Is VTHO a good investment?
VTHO has good functionality as a token of the VeChainThor blockchain and a solid team behind it. DYOR and see if it fits your portfolio before investing in it.
Will the VeThor price go up?
According to our VTHO price prediction, it is likely that this token will rise in the future. Most experts seem optimistic, too, but please remember that nothing is ever set in stone on the crypto market.
How high can VTHO token go?
The maximum price level VeThor token is expected to achieve in the near future is around $0.04–0.05. The VTHO minimum price value for the next 5 years is currently estimated to be $0.002.
What can I do with VTHO?
VTHO is mostly used to power processes on the VeChainThor blockchain but can also be bought, sold, and exchanged on most mainstream platforms, including Changelly.
How many VTHO tokens are there?
There are 45.63B VTHO tokens in circulation.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.