VeThor Information

VeThor is an integral part of the VeChain ecosystem, designed to facilitate transactions and act as a utility token for various applications. It plays a crucial role in the network by allowing users to pay for services and transactions while incentivizing participation in the community. As VeChain continues to expand its partnerships and real-world applications, VeThor is positioned to grow in significance within the blockchain space.

VeThor

$0.01

Title : VeThor
Symbol : vtho
Current Price $ : 0.00679376 $
High 24h : 0.01026574 $
Low 24h : 0.00215847 $
Price Change 24h : 0.00455194 $
Price Change % 24h : 203.04696 %
Market Cap : 586291427
Website : https://www.vechain.org/
Total Volume : 1716253467
Market Cap Change 24h : 394747348
Market Cap Change % 24h : 206.08695 %
Circulating Supply : 85309932407
Total Supply : 85347823650
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 0.04671227
ATH Change % : -85.31601 %
ATH Date : 2018-08-29 02:40
All Time Low (ATL) : 0.00015238
ATL Change % : 4401.53412 %
ATL Date : 2020-03-16 10:14

more information

Understanding VeThor: A Deep Dive into Its Potential and Challenges

VeThor (VTHO) is a cryptocurrency tied to the VeChain blockchain platform, serving a critical role in its ecosystem. While many know VeChain for its solutions in supply chain management, data integrity, and various use cases across industries, VeThor operates primarily as a utility token, facilitating transactions and providing network functionalities. In this article, we’ll delve into the advantages and disadvantages of VeThor, explore its historical performance, and consider what the future may hold for this unique digital asset.

History and Development of VeThor

VeThor was launched alongside VeChain in 2018, with its creation rooted in the need to provide a scalable and functional blockchain for enterprises. It operates on a dual-token system where VTHO is generated from holding its sister token, VET (VeChain Token). Essentially, transaction fees and smart contract operations on the VeChainThor blockchain use VeThor as a medium. Since its inception, VeThor's all-time high (ATH) was reached on August 29, 2018, at around $0.0467. Following that peak, the coin's value has seen significant fluctuations, and as of the most recent update, it trades at approximately $0.00167, reflecting a drastic decline from its ATH.

Advantages of VeThor

One of the primary advantages of VeThor is its functionality within the VeChain ecosystem. As it is specifically designed to handle administrative costs on the blockchain, it is less vulnerable to market volatility since it derives its value from the underlying technology and usage within a real-world application. Additionally, VeThor benefits from a strong partnership network and real-world use cases, enhancing its long-term viability. Furthermore, the token's structure encourages users to hold VET, which in turn generates VTHO, incentivizing long-term investment.

Challenges and Disadvantages

Despite its potential, VeThor faces certain disadvantages. The most apparent challenge lies in its price volatility, which can deter potential investors who seek stability. Moreover, its intrinsic link to VeChain means its performance is heavily correlated to the overall success and adoption of the VeChain platform itself. If VeChain struggles to gain traction or encounters technical challenges, VTHO may suffer as a result. Additionally, the vast number of circulating tokens (over 82 billion) can also impact its price potentials, diluting value amidst a highly competitive cryptocurrency landscape.

Market Performance and Future Outlook

Overall, VeThor's market performance has been marked by highs and lows, with substantial growth since its all-time low of $0.0001523 in March 2020, illustrating its capacity to recover even amidst harsh market conditions. Its market capitalization currently stands at approximately $136.8 million, with a recent rise noted in trading volume. The future outlook for VeThor can be influenced by various factors, including technological advancements, market trends, and the overall health of the cryptocurrency sector. Experts suggest that if VeChain continues to expand its adoption rate across industries, VeThor will likely follow suit, increasing its utility and potentially its value.

Conclusion

In conclusion, VeThor represents an intriguing prospect within the cryptocurrency ecosystem. Its utility, coupled with the robustness of the VeChain infrastructure, provides a solid foundation for future growth. However, potential investors should carefully analyze the market dynamics and inherent risks before diving in. As with any investment in cryptocurrency, adequate research and an understanding of market conditions are essential for making informed decisions.

General Information
from price $0
Title VeThor
Symbol vtho
Whitepaper -
Website https://www.vechain.org/
Community -
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 0.00679376 $
High 24h 0.01026574 $
Low 24h 0.00215847 $
Price Change 24h 0.00455194 $
Price Change % 24h 203.04696 %

Market Data
Market Cap 586291427
Total Volume 1716253467
Market Cap Change 24h 394747348
Market Cap Change % 24h 206.08695 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 85309932407
Total Supply 85347823650
Max Supply -

Historical Data
All Time High (ATH) 0.04671227
ATH Change % -85.31601 %
ATH Date 2018-08-29 02:40
All Time Low (ATL) 0.00015238
ATL Change % 4401.53412 %
ATL Date 2020-03-16 10:14